As Power Shifts, So Do The Dollars
The Democrats are getting more PAC funds this election season
Casino operators have switched their bets to the party newly in power on Capitol Hill. And defense contractors are not staying the course: They’ve flipped from giving 62% of their donations to Republicans before the election to 67% to Democrats now.
Among the businesses that have given a majority to Democrats this year after backing mostly Republicans in the 2005-2006 cycle: Aflac (AFL ), Anheuser-Busch (BUD ), ConocoPhillips (COP ), General Dynamics, Harrah’s Entertainment (HET ), Home Depot (HD ), Honeywell International (HON ), MGMMIRAGE (MGJ ), Miller Brewing (SBMRY ), and United Technologies (UTK ), which switched from 62% Republican to 59% Democratic after the election. Home Depot has shifted its PAC contributions from 71% Republican in 2006 to 55% Democratic in 2007.
Not every company has reversed gears. ExxonMobil, Halliburton, PricewaterhouseCoopers, and U.S. Bancorp have remained loyal to the Republican Party
You are fooling yourself if you don’t think that $$$ isn’t everything these days. Like I said over at my “home” site, the difference between capitalism and democracy in this country is blurred. The two are seperate and not equal though and too many Americans have forgotten this. One allows the other to happen, not vice versa.
I am happy that the corruption created by the GOP is going to subside, but in the end corporations (huge ones) contribute to the problem in Washington. Once, the Dems gain a strong majority then the rats will come with their money. It is our job as citizens to make sure we hold people accountable. It is our job to make sure we educate citizens the difference between capitalism and democracy.