Shurtleff's campaign, in a news release, said that Bennett's top five donors received $178 billion in Troubled Asset Relief Program (TARP) funds.So Shurtleff is going to pitch his campaign tent with TARP (sorry, couldn't resist a pun)...let's look at their contributors in detail:
The attorney general is "using TARP to demagogue without understanding the issue," said Jim Bennett, the Senator's son and campaign spokesman. He referred additional questions to Utah Bankers Association President Howard Headlee.
The American Bankers Association was Bennett's fifth-highest donor, Shurtleff's campaign said, although the non-partisan Center for Responsive Politics lists the association as Bennett's ninth-biggest contributor.
Headlee said those donations came well before TARP.
"Unfortunately we find ourselves in the middle of a fierce campaign," Headlee said, "and we're concerned about any attempt by any candidate to tie our financial support to specific issues."
Shurtleff received much of his money through huge donations (much larger than allowed by federal law in Senate races) from corporations, which by law cannot give directly to federal candidates. The cash usually came from local groups interested in his local work as attorney general, ranging from local law firms to payday lenders.So Shurtleff attacks Bennett for taking money from TARP recipients like CitiGroup and JP Morgan Chase...which also gave money for Shertleff. I guess he is mad that they gave him less money than they gave Bennett?
Bennett, meanwhile, received the lion's share of his donations from national political action committees interested in national issues, with donations coming in the smaller amounts authorized by federal law.
EnergySolutions. Its PAC gave Bennett $6,000, and the corporation gave Shurtleff $10,000.
CitiGroup (banking and securities). Its PAC gave Bennett $5,000 and gave Shurtleff $1,000.
JP Morgan Chase (banking and securities). Its PAC gave Bennett $2,000 and gave Shurtleff $1,000.
Reagan Outdoor Advertising. The company gave Shurtleff $5,000. Corporations cannot directly give to federal candidates. But the company's principals, William and Julia Reagan, individually gave Bennett a combined $4,800.
Union Pacific Railroad. Its PAC gave Bennett $2,300, and the corporation gave Shurtleff $5,000.
Frank Madsen (former top aide to Sen. Orrin Hatch) gave Bennett $500 and gave Shurtleff $400.
Former U.S. Rep. Howard Nielsen gave $2,000 to Bennett and $100 to Shurtleff.
Hy Saunders (a developer) gave $2,300 to Bennett and $100 to Shurtleff.
Next time, I hope a reporter doesn't just copy and paste a press release, then go on to opensecrets.org, and then call the other side and call it a day. I pieced this together with google in a manner of minutes.
And they wonder why journalism is not as respected as it once was.