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Fed up with Washington, wealthy boycott campaign fundraising

(Reuters)-they may not to Wall Street protests, but unemployment between rich anger, too much. For the American government paralyzed great anger, the rich have their own protest form: refused to make political contributions.
Some financial advisers say their wealthy clients tell them, and they will not make political contributions, many for the first time this year.
Bessie's chief executive John Hilton said the trust, in his high net worth investors in 42 years to provide consultation, he has never seen in Washington state affairs, so that the customers. Depression
He said a number of clients of the company-average investment assets of $3 billion-said they think the lack of leadership and political wrestling recent market is the main cause of problems in its portfolio-fell. Because of this, they said, they said "no" the request, make political contributions.
"People are angry," said the adviser, and key capital management in California's Calabasas, Allen, a temperature. He of the customers and the company investment assets of $1.6 million or above average. "Is it to the tax," he said. "This is about parties dynamic."
Beckel, a research group, tracking donations and their American elections and the influence of the policy, in response to a political center spokesman Michael said political contributions from wealthy donors is the key to campaign for President,
All personal donation is three hundred and ten percent from donations of $2000 or above, in the 2008 presidential election, according to the federal election commission. "We see in the slow start to four years ago, our money compared donors, Beckel said."
In the second quarter of 2007, republican candidate put forward about $1.15 million from individual donors. In the second quarter, the latest crop of candidates put forward about a third, according to sports university of finance.
From the
Wealthy donors the setback has construction between throughout the year.
For months, the United States congress to try to improve the federal government's borrowing limit. The debt ceiling, and increase in August the agreement of spending cuts to it is the time to avoid a possible debt default, but about the state of the attention and the stagnation of the nation's budget deficit of leading credit rating agency standard &poor's and delete three American times, a rating.
In the next few weeks, the volatile stock index, including records in 400, with the dow Jones industrial average stock price index of the number of days fluctuations.
The market still volatile, because stalemate continues. On Tuesday, the senate to stop Obama the President's $44.7 billion dollars of employment law.
A customer tell Hilton, and his recent contact party, he is contributed to the affiliate. He told the Hilton, he refused to tell the caller, considering in Washington and he's part of the reason is because it dropped 25% of retirement account, he didn't want to contribute.
In the Washington area, a wealthy donors often active in presidential campaign fundraising. This year, many people sat on the sideline, ted Hal peng said, a headquarters in Maryland was rock of financial advisers, its average client has more than $2 million in assets.
"My customers are those who usually hosting at home to raise money," he said. Hal peng said, many people have firm Democrats, but Hal peng said this year, some say they may vote for the republican party, because they want to change will lead to some of the action in Washington.
"There are a lot of complaints," he said.
A compass in the hills, California's tower, the average account scale for the $1.3 million of financial consultant, Jim sea goodman, said several of his customers are usually in his party active. But this year, they are to do less, some is use the money to pay off their holiday residential mortgage reserve loans, or the same as gold investment in alternative assets of the political contributions, he said.
"Attitude is more and more" blain their houses, "sea toman said.




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