Seth Klarman was once the biggest donor to the Republican Party in New England. This year he’s giving some $20 million to Democrats.
For Mr. Klarman, the logic is plain: “We need to turn the House and Senate as a check on Donald Trump and his runaway presidency.”
No longer. Among the many things Donald Trump has upended, one has been Mr. Klarman’s political giving. The denunciation of the president and his party in papers like this one has done nothing to change their behavior. He hopes money will.
The F.E.C. filings that will come out on Sept. 20 will show that Mr. Klarman is now giving almost exclusively Democrats — and donating far more money than he ever has.
Mr. Klarman shared an early copy with me. So far this cycle he’s ponied up $4.9 million. He has given to 150 or so candidates, including Joe Kennedy, Conor Lamb, Beto O’Rourke and Kirsten Gillibrand, as well as dozens of lower-profile candidates. Liberal super PACs aimed at helping the Democrats take back the Senate and the House received $1 million and $2 million, respectively. It’s quite a list for someone who says, “I’m not a Democrat.”
https://www.nytimes.com/2018/09/15/...n=latest&contentPlacement=1&pgtype=collection
For Mr. Klarman, the logic is plain: “We need to turn the House and Senate as a check on Donald Trump and his runaway presidency.”
No longer. Among the many things Donald Trump has upended, one has been Mr. Klarman’s political giving. The denunciation of the president and his party in papers like this one has done nothing to change their behavior. He hopes money will.
The F.E.C. filings that will come out on Sept. 20 will show that Mr. Klarman is now giving almost exclusively Democrats — and donating far more money than he ever has.
Mr. Klarman shared an early copy with me. So far this cycle he’s ponied up $4.9 million. He has given to 150 or so candidates, including Joe Kennedy, Conor Lamb, Beto O’Rourke and Kirsten Gillibrand, as well as dozens of lower-profile candidates. Liberal super PACs aimed at helping the Democrats take back the Senate and the House received $1 million and $2 million, respectively. It’s quite a list for someone who says, “I’m not a Democrat.”
https://www.nytimes.com/2018/09/15/...n=latest&contentPlacement=1&pgtype=collection
