A Cantor Effect for Businesses and the G.O.P.
The share price of Boeing tumbled, wiping out all the gains it had made this year, a drop analysts attributed to the startling defeat.
.. He helped scuttle White House proposals to collect more taxes from private equity firms. His wife, Diana, has had a career in banking, working for Goldman Sachs and New York Private Bank & Trust.
No industry was more generous to Mr. Cantor’s campaign than financial services. The three largest contributors in this election cycle, in which he collected $5.4 million, were Goldman Sachs, the Blackstone Group and Scoggin Capital Management.
.. The biggest donors to the political committees supporting Mr. Cochran’s campaign have all been large corporations like the defense contractors Raytheon and General Atomics. Michael R. Bloomberg, the former mayor of New York, wrote a check for $250,000 last month
.. “Cantor was the hub for finance, the hub for a host of big corporations that could trust him to get things done,” said Sean West, the head of United States analysis for the Eurasia Group, which advises corporations about political risk. “He was the one standing between the conservative pitchforks and the business community on a whole host of issues.”
.. “You could even make a case that there’s a lot in common between the Tea Party types and the Elizabeth Warren liberals,” said Gregory R. Valliere, the chief political strategist for the Potomac Research Group.