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Wall Street Firms Funnel Millions to Bush

The Washington Post reports that in 2003, the CEO of Merrill Lynch sent a letter to his senior executives asking them to contribute to President Bush's reelection campaign. In 3 weeks he raised over $279,000 for the President's campaign. Merrill Lynch is just one of many donors from the financial and insurance industries who support President Bush. Critics allege that in response to that support, Bush has proposed legislation that would produce billions of dollars for those industries. Many more influential people in the finance industry actively supported Bush in 2004 than they did in 2000. The article details the tax cuts and other beneficial policies enacted during Bush's first term that led to additional political support with the hope and expectation that the donors would receive additional benefits.

Source: http://www.washingtonpost.com/wp-dyn/articles/A50364-2004May23.html

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