Wealthy Cruz Donor Pours Millions Into Clinton Campaign
Renaissance Technologies, a hedge fund founded by billionaire James Simons, donated over $13 million to Sen. Ted Cruz’s failed presidential campaign. For a guy who’s supposed to be pretty smart with his money, the ROI [return on investment] on that one has got to sting. Nevertheless, now that Mr. Cruz is out of the race, Mr. Simons has begun pouring millions of dollars into Hillary Clinton‘s campaign.
Mr. Simons isn’t the only wealthy donor making the move. A number of deep-pocketed elite have given up trying to buy off Republican politicians in order to support Ms. Clinton—the only establishment-friendly candidate of either party remaining in the race. In response, the Clinton campaign has assembled a group dubbed “Republicans for Hillary” to reach wealthy GOP donors. Ms Clinton not only shares over 60 of the same donors with the former Republican candidate Jeb Bush but is also making new efforts to court additional Bush family donors, according to a recent Politico report.
Ms. Wasserman Schultz and the majority of the Democratic Party have made it apparent that their support for Hillary Clinton and her vast array of corporate and wealthy donors takes precedence over the concerns of constituents and the thousands of disenfranchised voters Bernie Sanders has reincorporated into American democracy.
http://observer.com/2016/05/wealthy-cruz-donor-pours-millions-into-clinton-campaign/