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US primaries: Wall Street grandees versus Ocasio-Cortez

The Democratic US MP Alexandria Ocasio-Cortez is facing prominent headwinds in her hometown of New York: In view of the upcoming primary election in New York's 14th Congressional constituency on Tuesday, influential Wall Street greats are sponsoring their Democratic rival Michelle Caruso-Cabrera. The "Financial Times" reported that now.

This illustrates once again the difficult relationship between Ocasio-Cortez, who sees herself as a democratic socialist, and the powerful industry in New York, writes the British newspaper. Among the donors from the former TV journalist Caruso-Cabrera are the CEO of the investment company Blackstone Group, Stephen Schwarzman, and that of the investment bank Goldman Sachs, David Solomon.

Numerous small donations for Ocasio-Cortez

According to a "Financial Times" analysis, Caruso-Cabrera has so far raised around two million US dollars in donations. Many of the donations - including from renowned bankers, lawyers, and CEOs - are equal to the donation cap of $ 2,800 for the area code and an additional $ 2,800 for the November election. Ocasio-Cortez, on the other hand, came up with ten and a half million US dollars through numerous double-digit small donations.

Because the constituency, which stretches across the New York boroughs of Queens and the Bronx, is mainly Democratic, the Democrats there are also the clear favorites for the US election on November 3rd.

Counterparty Republican until 2015

Ocasio-Cortez recently criticized her opponent's credibility. The reason: Caruso-Cabrera was registered as a Republican until 2015. In 2010, she wrote a book about the financial crisis in which she named Republican Ronald Reagan as her favorite president and described the Democrats as "out of control when it comes to spending." The foreword was written by her former colleague and advisor to US President Donald Trump, Larry Kudlow.

"I'm not surprised that Republicans are funding a lifelong Republican woman's campaign in a Democratic primary," Ocasio-Cortez, who was elected the youngest member of the House of Representatives in 2018 at the age of 28, told the Financial Times. Caruso-Cabrera, who Ocasio-Cortez described as polarizing, expressed her support for the Democratic presidential candidate Joe Biden.