The word was first used in the 1920s in the United States to describe rich political donors. The term's coinage for political purposes has been attributed to
Frank Kent, a writer for
The Baltimore Sun In the words of
Ben J. Wattenberg, "The fat cats were driven from the temple". During a 1997 $1,000-per-plate dinner at the
Hilton Washington for the
Republican Party, which
The New York Times dubbed "a lucrative display of the resilience of big-money campaign fund-raising", street protesters calling for further reform dressed in "fat cat" costumes and chanted "Hey, hey, ho, ho! Corporate fat cats have to go!" In the
2008 Democratic race, a group of wealthy backers of Sen.
Hillary Clinton wrote to Speaker of the House
Nancy Pelosi, warning her they might withdraw financial support for the
Democratic Congressional Campaign Committee if Pelosi did not change her position on whether the party's
superdelegates "should support the party's pledged delegate leader".{{cite news ==Use in culture and imagery==