POLITICS: Campaigns

Top Democratic donor is also top recipient of Export-Import Bank subsidies

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Beltway Confidential,Opinion,Timothy P. Carney,Campaign Finance,Campaigns,Subsidies,Export Import Bank

Democrats like to say that their rich donors give to Democrats for the good of the country, and contrary to their personal economic interests. This is hogwash, and here's another example:

The third biggest donor to Democrats this election, according to the Center for Responsive Politics, is Grover Connell and his wife. They own Connell Company.

Connell Company also happens to be the No. 2 recipient of insurance issued by the Export-Import Bank of the United States, according to this study by Veronique de Rugy of the Mercatus Center.

President Obama is a huge supporter of Ex-Im. Democrats are united in expanding it. Republicans are divided as to whether it should still exist. The Connells and their company certainly shore up their taxpayer-backed export insurance by supporting Democrats.

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