Business Shifts Its Support to GOP

[alp227]

Source: Wall Street Journal

During the 2008 presidential election, employees of AT&T Inc. and the company's political-action committee spread their donations pretty evenly between Democrats and Republicans.

This election, they have given twice as much to Republicans as to Democrats. The PAC, which had donated the maximum amount allowed to Democratic Sen. Claire McCaskill of Missouri, more recently donated $5,000 to Rep. Todd Akin, one of the Republicans seeking to defeat Sen. McCaskill.

Companies are taking a clear stand ahead of the November ballot. So far, Republicans have received 56% of the donations made by company PACs and employees, according to the nonpartisan Center for Responsive Politics. It is a turnaround from the 2008 election, when corporate PACs and employees gave 55% of their donations to Democratic candidates. That's when President Barack Obama was elected and Democrats controlled both chambers of Congress. In between, during the 2010 midterms, companies split their donations more or less evenly.

The shift implies a financial swing to the GOP of as much as $300 million, and suggests that corporations are betting Republicans will win seats in the Senate and hold on to the House—although employers might not tell their employees outright where to donate.

Read more: http://online.wsj.com/article/SB10000872396390444097904577537451789139844.html

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Google the title for full article.

[TheMastersNemesis]

1. The Price Business Wants

The American business community wants the end of all government regulation over workers rights. That means the end of minimum wage, work week length, overtime etc. They also want to be relieved of paying for unemployment insurance and workman's comp among other things. That mean total economic supremacy to do whatever they want to workers. No job security.

And if you look at Kansas they want the end of all business taxes. The world of work for American workers will change even more radically if the GOP wins.

[Selatius]

2. 2008 was a no brainer to big business interests. Bush 2.0? Or somebody centrist?

This is why Barack and Democrats were able to raise so much money from all these companies. They wanted a seat at the decision-making table because they knew the Democrats were gonna win and that they weren't batshit crazy neocon idealogues bent on world domination and pissing off the world.

A smart capitalist would play both parties to guarantee none of them will turn far left against him.

[Gman]

3. Randall Stephenson at AT&T fucked up the T-Mobile deal

Because he thought he could bullshit the FCC and Justice Department and was wrong. He cost the company and shareholders billions. So this is no surprise.

[Berlum]

4. Sooooo surprsing

Why, it's absolutely shocking that the "Corporate Citizens" who pay the Republicons beaucoup money bucks to spew their propaganda, are now found to "support" their outFOXed brain dead political machine...

[nanabugg]

5. This is "breaking news?" nt

[rocktivity]

7. Candidate for this year's "You Call This NEWS?" Award

But having said that, I must now recuse myself from this thread -- I'm up for a job at T-Mobile!


rocktivity

[TexasLeftist]

8. And they're not coming back

No wonder Obama hasn't been particularly nice to businesses. He knows they've made a cold hard calculation to support the Right-Wing. But if he wins a second term, they'll come crawling back.

[MrSlayer]

9. Hasn't been nice?

Really? Highest corporate profits ever, stock market through the roof, bailed out, no prosecution of anyone. This is not being nice?

Should he have personally fellated each and every CEO?

[may3rd]

10. They all bow to their masters

the system is broke but we pretend it isn't and 'we the people' bend over