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Friday, August 17, 2012

Bain Capital has been Kerry’s #1 fundraising source over the past 5 yrs

Bain Capital has been Kerry’s No. 1 fundraising source over the past five years, with $76,200 in donations from company executives since 2007, according to campaign watchdog group

Kerry’s take from Bain is nearly $20,000 more than his second-leading source of campaign income, Beacon Capital Partners.

Kerry has taken more money from Bain than any other Democrat in the country, according to records. Joseph P. Kennedy III, running for retiring Rep. Barney Frank’s seat, has received $10,000 from Bain executives, according to Open Secrets.

The Massachusetts senator’s largesse from Boston-based Bain could prove awkward to the Obama campaign, which is attacking Romney’s ties to the venture capital firm and the company’s alleged outsourcing activity.

The Obama campaign also has criticized Bain for taking over companies that later shut down or laid off workers.

Kerry, who lost the White House race in 2004, has been a major surrogate for Obama’s campaign and is now playing the part of Romney in debate prep sessions.

Kerry’s Bain ties go deeper than just campaign donations. The Washington Post reported earlier this year that Kerry’s wife, Teresa Heinz Kerry, reported having a $500,000 to $1 million stake in a controversial Bain fund in China. (Continues)

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