Top CEOs Give 10 Times More to McCain Than to Obama

[Hissyspit]

Source: The Hill

Top CEOs give 10 times more to McCain than to Obama
By Michael O'Brien
Posted: 08/15/08 01:15 PM
The top executives of America’s biggest companies are more willing to open their wallets for John McCain than his Democratic rival, donating 10 times as much to the Arizona senator’s campaign as to Barack Obama’s. Obama’s campaign seized on the findings of The Hill’s review of campaign finance records to suggest that the gap was due to “special favors” McCain has given corporations.

The presumptive GOP nominee has received $208,200 from the chief executive officers of the 100 biggest Fortune 500 corporations, according to a review of campaign finance reports. Obama has taken in $20,400 from the same group of people. “It is not surprising that a Washington celebrity like John McCain would be able to collect contributions based on 26 years of special favors provided to individual businesses,” said Jason Furman, Obama’s economic policy director.

- snip -

During an Aug. 4 conference call on small businesses and economic policy, Obama surrogate Rep. Nydia Velázquez (D-N.Y.) hit McCain for his ties to business. “His agenda primarily benefits big business,” Velázquez said. “It really is a laundry list for corporate America.” In 2004, the difference between the Republican and the Democratic candidates was much less pronounced in terms of Fortune 100 donations. Sen. John Kerry (D-Mass.) nearly kept pace with President Bush.

Among the same 100 individuals, the vast majority of whom were in their current positions in 2004, Kerry raised nearly three-quarters of what Bush did. Kerry brought in $74,500 from the business leaders, while Bush raised $103,200. The difference between the Democratic and Republican candidates this election is more clear-cut, with McCain’s 10-to-1 advantage over Obama.

Read more: http://thehill.com/campaign-2008/top-ceos-give-10-times-more-to-mccain-than-to-obama-2008-08-15.html

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[Faygo Kid]

1. This is why we are here on DU.

Many other reasons, of course, but this is a huge one. The small cabal that runs this country and has reaped riches under W. wants to stick it to us again. They are rich, powerful, and will never give up.

They have been beaten before. They can be beaten again.

[bronxiteforever]

2. Verizon-Right wing. Merrill Lynch-Right Wing. Hess-Right Wing.

More here-

"Three corporate chiefs from Fortune’s top 100 stand out as McCain’s biggest backers. In addition to maximum $4,600 personal donations to McCain, Verizon Communications CEO Ivan G. Seidenberg, Merrill Lynch CEO John A. Thain and Hess Corporation chief John B. Hess have also donated $28,500 each to McCain’s Victory 2008 PAC."

Thanks for posting this-K & r

[lonestarnot]

9. Puke puke puke! I hope Verizon implodes!

[UpInArms]

3. glad to get them out there on record

here's the response that is appropriate to their greed:

[LiberalFighter]

4. Could it be more than just a Republican Democratic thing?

The gap was closer between Kerry and Bush in 2004.

Why such a discrepancy now? Could it be the top executives are racist? Or just stupid?

[daleo]

6. That's a good point

Obama is certainly no more threatening than Kerry was, to the corporate order.

[lonestarnot]

10. No. Kerry is also corporately monied. Pugs are always for the rich, unless

the dem is standing on a pile of money.

[fascisthunter]

5. Is Anyone Surprised? The Wealthy Class=GOP

[LaStrega]

7. 'Cause he's gonna continue padding their pockets in return.

And they know it.

[Triana]

8. of course they do...

http://www.alternet.org/workplace/94004/corporate_america_prepares_for_battle_against_worker_campaign_to_roll_back_assault_on_the_middle_class_/

http://www.alternet.org/democracy/94334/big_business_is_making_sure_it_wins_the_presidency/

[Franc_Lee]

11. The big-biz club kmows Obama will cost them $$$, so it's no wonder they're

contributing more to McBush!

[Name removed]

12. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Agony]

13. One Dollar, One Vote! errrrr, wait... yeah, yeah, yeah, I think I got that right? nt

[DCKit]

14. The headline says all any voter should need to know going into the booth. n/t