US Midterms: Banks Cut Overall Donations, Boost Democrats' Share

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The Spin


Republican narrative

While rich, elitist politicians and "woke" bankers prioritize the Jan. 6 committee hearings and new diversity, equity, and inclusion agendas, they've blatantly neglected the issues that working-class Americans - of all backgrounds - actually care about, like inflation and a deteriorating public education system. Democrats are no longer the party of the working class and they'll face that reality in November.


Democratic narrative

The corporate world is rapidly shifting from its old form of white, conservative men toward a progressive model of social, financial, and environmental equity. Democrats are on the right side of history, so it's no surprise that banks are now choosing to support the forward-thinking party.


Cynical narrative

There's too much money flushed into American politics, especially during these midterms. It's dangerous when political consultants and PACs spend millions of dollars to boost their cynical Machiavellian interests - whether it's banks looking out for their industry or Democrats boosting "beatable" far-right candidates. This poisons the well Americans must drink from as a democracy.


Metaculus Prediction


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