Mitt Romney (R-1%)

“I’m not concerned about the very poor.”
February 1, 2012

“Corporations are people, my friend.”
August 1, 2011

“I’m also unemployed.”
June 16, 2011

A recent poll showed that just 39 percent of American voters believe Mitt Romney understands the problems of average Americans. Just seven percent believe he understands average Americans “very well.” Exit polls from early voting states showed that he performed strongly with those in income brackets over $100,000. With comments like those listed above, it’s no wonder.

Recent campaign finance filings for Romney and his super PAC won’t help to dispel the notion either. The New York Times reported today that “[close] to 60 corporations and wealthy individuals gave checks of $100,000 or more to a ‘super PAC’ supporting Mitt Romney in the months leading up to the Iowa caucuses.”

A deeper analysis into the $24 million Romney himself raised for his own campaign during the fourth quarter of 2011 finds that the super PAC isn’t the only committee benefitting from donations by the wealthiest Americans. Less than nine percent of his campaign’s fourth quarter receipts come from those who gave less than $200, according to Federal Election Commission filings. A Public Campaign Action Fund analysis of Romney’s donations of over $200 provides an even starker picture of how Romney is courting and catering to the very wealthy.

Mitt Romney received 55 times more money from executives at the top of the corporate ladder and from Wall Street interests than those working in professions representative of those struggling at the bottom.

Corporate Executives:

  • Romney received $1,820,250 in campaign contributions from at least 1,271 people who reported their occupations with titles such as “chairman,” “president,” “CEO,” “CFO,” or “COO” in the last three months of 2011.
  • Barely down the corporate ladder, Romney received $391,500 from at least 347 people with the title of “Vice President,” “Executive Vice President,” or “Senior Vice President.”

Financial Sector Employees:

  • At least 494 donors with the title of “banker” or “banking” donated $672,380 to Romney’s campaign
  • At least 450 donors calling themselves “investor,” “financial adviser” or similar derivations donated $693,033.

The 99%:

  • Romney received $50,634 in contributions from at least 88 music, dance, and school “teachers.”
  • He received $1,650 in contributions from just seven “social workers.”
  • Zero “maids” or “janitors” donated to Romney’s campaign.
  • He received $180 from one “unemployed” person who made nine contributions of $20 each.

Romney, who is worth somewhere between $190 and $250 million, has said that he believes there should be no limits on what people can give to political campaigns. It’s a recipe for elections of, by, and for the one percent. Romney’s campaign and aligned super PAC is a precursor to what that would look like.

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