Chart of the Day
Posted at 11:45 a.m. on Nov. 8, 2012
– Chart showing the top five contributing sources to President Obama and Mitt Romney’s respective campaigns, via Open Secrets.
John Kemp: “Wall Street and the fossil energy industry now must decide how to cope with the new reality that the White House and the executive branch will remain under Democratic control for the next four years, while Democrats will control the Senate until the start of 2015… The two industries could continue to mount a guerrilla campaign against the new regulations in the courts and the House, harrying regulators with legal challenges, cuts to agency budgets and congressional hearings… In fact there are a variety of issues on which the two sides could reset the relationship. Fiscal reform is one area in which there could be scope for compromise. Business and financial leaders have been signaling for weeks that they are ready to support moderate tax increases as part of an overall tax and spending package to avert the fiscal cliff.”