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TAKE2LA

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Corporate Political Giving Swings Toward the GOP

Seeded on Tue Sep 21, 2010 1:03 PM EDT
Read ArticleArticle Source: Wall Street Journal
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Seeded by take2la
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Corporations have begun to send a majority of donations from their political action committees to Republican candidates, a reversal from the trend of the past three years.

The change in corporate PAC giving is the latest sign Republicans are likely to make significant gains in November's midterm elections. Business PACs are notoriously cautious in deciding which party should receive a majority of their donations. They nearly always give most of their contributions to candidates whose political party is in power on Capitol Hill

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Health care and pharmaceutical firms, for example, have given 51% of their $14.7 million in donations to Democratic candidates through July of this year, after sending two-thirds of their contributions to Democrats during the same period last year, the data shows.

And this doesn't take into consideration the money given to cabinet & non-cabinet level agency managers, policy makers, aides, business partners, associated firms, and contract awards or state and local level officials and associated policy makers.

#DEEPPHARMAPOCKETS

  • 2 votes
Reply#1 - Tue Sep 21, 2010 1:08 PM EDT
Davy-755715

Swings toward the GOP?! In other news, the sun rose in the east this morning...

    #1.1 - Tue Sep 21, 2010 1:18 PM EDT
    Daniel A. Hallo

    So what has changed... where's the News here?

      #1.2 - Tue Sep 21, 2010 1:24 PM EDT
      Ryan-

      Davy, so you didn't read the article, or do you just not understanding it? The Democrats were the ones getting the majority, and now the Republicans are getting the majority of the money.

      • 1 vote
      #1.3 - Tue Sep 21, 2010 1:25 PM EDT
      Daniel A. Hallo

      Supreme Court allowed for the UNLIMITED corporate donations to candidates, that's what changed... not the number of corporations that give to the GOP.

      Our Democracy...and the power of your vote...majority rule, has been sold to the highest bidder.

      • 1 vote
      #1.4 - Tue Sep 21, 2010 1:30 PM EDT
      Ryan-

      Daniel, when did the Supreme Court rule that corporations can make direct donations to candidates? Please site, because I believe you are not understanding the ruling.

      • 1 vote
      #1.5 - Tue Sep 21, 2010 2:00 PM EDT
      Daniel A. Hallo

      Explain it to me then..

      How is Unlimited campaigning for a candidate any different then just giving them the cash"

      • 1 vote
      #1.6 - Tue Sep 21, 2010 2:06 PM EDT
      Davy-755715

      Business PACs began shifting toward Democrats late in the 2006 midterm elections, when it became clear Democrats would win control of Congress.

      Ryan, yep, for brief times the GOP has made donations to a few of the Democrats, such as in the situation given here. It's not good planning to completely alienate the party in control. But the things business, their shills, and their investors pander for, are provided by the GOP (at the expense of everyone else).

        #1.7 - Tue Sep 21, 2010 2:52 PM EDT
        Ryan-

        Daniel, the fact is, companies cannot make unlimited donations to campaigns. I don't care if you are eluding, facts are facts.

        Davy, companies follow who is in charge, both parties are for sale. Spinning this to the left or the right is just dumb.

        • 1 vote
        #1.8 - Tue Sep 21, 2010 3:27 PM EDT
        take2la

        http://www.msnbc.msn.com/id/34822247/

        Wether its ads or direct contributions is semantics and either way make for conflicts of interest

          #1.9 - Tue Sep 21, 2010 3:53 PM EDT
          Davy-755715

          Ryan, I worked temporarily for a large company in Chicago during the Reaganomics years. Someone had a list from the corporate PAC, with the shills they were financing. The list had one heluva lot more Republicans than Democrats on it, probably at least 25 to 1. That was no spin, it was simple fact. And I seriously doubt that somewhere along the line, they decided to even it up.

          • 1 vote
          #1.10 - Tue Sep 21, 2010 4:35 PM EDT
          Ryan-

          take2la, Each are entitled to their opinions if they agree with the ruling, but the ruling did not allow for corporations to give directly to campaigns. To represent it as that is inaccurate.

          Davy, so one PAC gave to all Republicans and that has shaped your belief? Come on....Companies give heavily to anyone willing to support their cause.

          Here's a link to do some research on PACs,

          http://www.opensecrets.org/pacs/toppacs.php?Type=C&cycle=2010

          • 1 vote
          #1.11 - Tue Sep 21, 2010 9:40 PM EDT
          Reply
          take2la

          where's the News here?

          The story here isn't in the numbers. We ALL know they give. The story and the bigger picture is that these companies throw their money around like warlord mercenaries allying themselves to the people that can most make their agenda a reality. Whoever it is and if that ISN'T a national security concern, it oughta be.

          • 1 vote
          Reply#2 - Tue Sep 21, 2010 1:33 PM EDT
          Daniel A. Hallo

          #1.4 •·¿•·

          :)

          "The selfish spirit of commerce... knows no country, and feels no passion or principle but that of gain." --Thomas Jefferson to Larkin Smith, 1809.

          • 2 votes
          #2.1 - Tue Sep 21, 2010 1:35 PM EDT
          Reply
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