McCain’s Wall Street-Bashing Miffing Wall Street Donors: WSJ

John McCain’s mindless Wall Street-bashing is driving away big Wall Street donors, the Wall Street Journal reports:

NEW YORK — Sen. John McCain badly needs the cash infusion and momentum from a Tuesday night fund-raiser in New York. But the senator’s recent demonizing of Wall Street made it tough to lure contributors, with Wall Street and corporate executives balancing their aggravation with the Republican presidential hopeful against their rising unease about his Democratic opponent.

The McCain campaign hopes to raise $7 million at the event at a midtown Manhattan hotel. For $25,000, guests get a sit-down dinner and a photo with the Arizona lawmaker and his running mate, Alaska Gov. Sarah Palin. Guests who pay $1,000 can attend a reception.

And though a flurry of pledges in recent days reached the event’s fund-raising goal, organizers in recent weeks had struggled to fill the ballroom.

The Republican presidential candidate’s “populist stuff sounds good on the campaign trail, but it’s caused a lot of trepidation,” says John Faso, onetime Republican candidate for New York governor and one of the event organizers. Sen. McCain’s relationship with corporate America “has hit a bump in the road,” says Mr. Faso, who is an attorney. […]

Matthew Vadum

The author of Subversion Inc.: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers (WND Books, 2011), Vadum, former senior vice president at CRC, writes and speaks widely…
+ More by Matthew Vadum

Support Capital Research Center's award-winning journalism

Donate today to assist in promoting the principles of individual liberty in America.

Read Next