Top Dem Donor Cashing in on Ex-Im Bank

Grover Connell

Grover Connell

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The third biggest donor to Democratic candidates so far this election is cashing in from the Export-Import Bank, according to the Washington Examiner.

Grover Connell and his wife Patricia have thus far contributed $220,000 to Democratic candidates this election cycle. His company, the Connell Company, is the number 2 recipient of Ex-Im Bank insurance, according to a study by the Mercatus Center.

The Washington Examiner explains:

The third biggest donor to Democrats this election, according to the Center for Responsive Politics, is Grover Connell and his wife. They own Connell Company.

Connell Company also happens to be the No. 2 recipient of insurance issued by the Export-Import Bank of the United States, according to this study by Veronique de Rugy of the Mercatus Center.

President Obama is a huge supporter of Ex-Im.Democrats are united in expanding it. Republicans are divided as to whether it should still exist. The Connells and their company certainly shore up their taxpayer-backed export insurance by supporting Democrats.