Multi-millionaires also back Obama ahead of election

Los Angeles - Barack Obama has promised to increase taxes if he becomes president of the United States. But the really rich want change and many of them have said they are voting for the senator from Illinois. Despite the tradition that says the country's wealthy tend to favour the Republican Party, there has been an unexpected swing ahead of Tuesday's election that favours the black Democratic candidate. For starters, the country's two richest men, Warren Buffett and Bill Gates, have already said they will vote for Obama. According to Forbes magazine, Gates - worth an estimated 55.5 billion dollars - contributed 2,300 dollars to the Democrat's campaign in the primaries. Like the founder of software giant Microsoft, Buffett - the richest man in the world, worth some 58 billion dollars and who is also an advisor to the Democratic candidate - donated 4,600 dollars to Obama's campaign, the maximum amount allowed by law. In an interview with financial news channel CNBC, the investor and CEO of the holding Berkshire Hathaway, confirmed he prefers Obama to McCain because he can identify himself better with the Democrat's proposed economic policies. '(McCain) has too many ideas that are different than I do, particular in terms of what I would call social justice,' Buffett noted. He supports Obama despite the Democrat's intention, should he become president, to increase taxes on 5 per cent of the richest US citizens. Obama has jokingly referred to his 'friend Warren' as someone who can pay a little more tax without it changing his life. However, the wealthy are not unanimous in their support for Obama: Almost half of those who appear on Forbes' list - among the 10 richest people in the US - are supporting his Republican rival. Oracle CEO Larry Ellison, three members of the Walton family who own Wal-Mart, and the Koch brothers who are manufacturing and energy tycoons have made donations to McCain. There are also special cases such as New York Mayor Michael Bloomberg, who gave money to Republican Rudolf Giuliani - his predecessor as mayor - in the primaries, but has later shown support for both candidates finally running for the White House. This independent politician, who has favoured both the Democratic and the Republican parties at various times in the past, seems to prefer Obama's economic plan to McCain's. Bloomberg has said he is looking for someone who is beyond party lines, who can solve complex matters and has thought ahead to the legislative process and how to finance specific programmes. However, he gave no names. Like Bloomberg, many multi-millionaires prefer to keep their political preferences to themselves. According to the Huffington Post, only three other people in the list of the 50 wealthiest US citizens have openly revealed their political choice. Two of them were Republicans and one was a Democrat. Other sources, however, indicate that wealthy neighbourhoods show a preference for Obama. According to campaign finance details, it was Obama who raised the most funds on Wall Street. Before the current financial crisis broke out, investment bankers had already made their contributions to the senator from Illinois, who beat both Hillary Clinton and Giuliani in this fundraising effort. In Silicon Valley there is a similar dynamic: Big players support Obama. Apple and Google want to see him as president. Apple founder Steve Jobs appears to be honouring a political tradition, while Google CEO Eric Schmidt announced his support for the Democrat just recently, and even planned to go on the campaign trail for him. In the San Francisco Bay area, Obama visited the mansions of several multi-millionaires - Sara and Sohaib Abbasi, Nancy and Bob Farese, and Ann and Gordon Getty - in April. The wealthy organized fundraisers for 2,300 dollars per person.

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hypocritesNov 2nd, 2008 - 20:38:51

win this stupid war -we should of won this war what the hell is george bush doing -we need palin mcain-immediadetly

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No war lover......Nov 2nd, 2008 - 22:17:22

We don't need to waste more money on the Iraqi war getting the U.S. more in debt while the country is in dire straits. Our priorities are completely wrong, and we need a president who can see that and help lead us out of this quagmire caused by the last 8 years!

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yeah rightNov 3rd, 2008 - 00:05:04

i thought obama was for the poor-even millionaires love him -hes for the rich-cant even win a war in silly old iraq.vote palin-she has the experience

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---Nov 3rd, 2008 - 00:45:21

writing the same thing over and over doesn't make it less stupid.

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Racer XNov 3rd, 2008 - 03:07:06

It would appear that people just do not care or just do not allow themselves to hear anything bad about Obama. It is mass hysteria. The abandonment of rationality. I have talked to people until I was about to burst a blood vessel, shown videos, trotted out diagrams and frigging pie charts...

People have lost their minds in this country.

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OMGNov 3rd, 2008 - 04:57:09

Run for your lives, protect the kids and pets! Obama might get elected.
I repeat....OMG!

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ChasNov 3rd, 2008 - 16:21:20

Of course McCain is totally against more taxes for people with high incomes. Wifey Cindy is worth over 100 million, bringing in around 4 million each year!! McCain doesn't have a clue about the middle class and below - he's never been there. He had a privileged upbringing, and cemented the continuation of that in marrying Cindy. He isn't fooling intelligent voters!

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Go ObamaNov 14th, 2008 - 02:45:09

Yeah good job Americans! Your anti-republican attitude has brought us our first arab-(anti)-american president. whoo hoo. good job! I dont mind a black guy in office but you retards voted the wrong one in just because of race and the anti-bush attitude. you are nothing but retarded. serious.

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