Advertisement
YOU ARE HERE: LAT HomeCollections

On the Trail / FULL DISCLOSURE

Donors to watchdog donate to Democrats

October 18, 2008|Dan Morain

Campaign Money Watch, which bills itself as a nonpartisan organization dedicated to improving campaign finance laws, has been particularly tough on John McCain.

The group has taken him to task over ties to the oil industry and lobbyists who have worked on his campaign. Barack Obama has hammered McCain on those issues.

Its largest donor this year is the American Federation of State, County and Municipal Employees, one of the Democratic Party's most loyal contributors. The union gave $300,000, according to the watchdog group's most recent campaign finance disclosure.

The second-largest donor is Texas billionaire David Bonderman, a significant contributor to Democrats, who has given $200,000 this year, including $75,000 three weeks ago. Bonderman is a founding partner of Texas Pacific Group, a private equity fund that holds or has held stakes in casino company Harrah's, Burger King and airlines.

"We spend their funds in ways to further reform," said David Donnelly, who oversees Campaign Money Watch's parent group, Public Campaign Action Fund. "The thing that holds together the donors is that they support the mission we're on to hold politicians accountable who are against reform."

Campaign Money Watch is allowed to take donations of unlimited size, and it files quarterly reports that detail its fundraising. Donnelly noted that the group issued a statement critical of Obama for his decision to opt out of the federal system that aims to reduce the role of campaign donors and limits spending in the presidential race.

-- Dan Morain

Advertisement
Los Angeles Times Articles
|
|
|