POLITICS

Obama Loses Major Donors From Goldman Sachs, GE

President Barack Obama swipes sweat from his forehead during a campaign stop in Grand Junction Colo., Wednesday, Aug. 8, 2012
President Barack Obama swipes sweat from his forehead during a campaign stop in Grand Junction Colo., Wednesday, Aug. 8, 2012. (AP Photo/William Woody)

Goldman Sachs Group (GS) employees have changed to red from blue.

Four years ago, employees of New York-based Goldman gave three-fourths of their campaign donations to Democratic candidates and committees, including presidential nominee Barack Obama. This time, they’re showering 70 percent of their contributions on Republicans.

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