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Politics

Tech donations dwindle this election year

Opening sequence

Opening sequence

Politics

Tech donations dwindle this election year

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COMING UP:Tech donations dwindle this election year

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Transcript

00:00:01
>> The big spenders in Silicon Valley breaking with tradition this presidential election by keeping their cash in their wallets. Democrats have traditionally raised more than Republicans in the liberal bastion, but the numbers are much more lopsided this year with the Democrat, Hillary Clinton, raising 25 times the amount pulled in by Republican nominee, Donald Trump.
00:00:23
Still it's hardly on the scale of giving that's made Silicon Valley a political force to be reckoned with. Reuters correspondent Julia Love.>> Clinton and Trump have raised only about $3.5 million from Silicon Valley so far. And that's a fraction of what the tech industry gave President Barack Obama and Mitt Romney in 2012 and what Obama and John McCain raised in 2008.
00:00:49
>> By this point in 2012, for example, Obama and Romney had collectively raised $11 million from tech. Some top Silicon Valley Republicans have taken the unusual step of publicly endorsing the Democrat in the race. Among them, Hewlett Packard Enterprise CEO, Meg Whitman, who made a run and lost against Democratic Governor, Jerry Brown, and prominent venture capitalist, Mark Andresen, who has yet to make a donation.
00:01:15
>> So he seems to fit with this pattern that we're seeing of people objecting to Trump and supporting Clinton, but not being moved enough to actually open their wallets.>> As for Trump, his stances on immigration and free trade aren't the only positions rubbing the titans of tech the wrong way.
00:01:31
He's gotten personal, calling for a boycott of Apple products and accusing Amazon CEO, Jeff Bezos, of orchestrating a monopoly.