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October 11, 2007 at 17:36:58

Corporate Donations are Now Favoring the Democrats

by Timothy V. Gatto     Page 1 of 3 page(s)

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The fix is in. It is now official. The corporate powers-that-be have officially sanctioned the Democrats in the 2008 elections. According to The Center for Responsive Politics and their Campaign Finance website “Open Secrets”, the political gift giving program for the “own your own politician” has turned to the left. Democrats now get more of the corporate “manna” than the Republicans.

So where does that leave the corporations? Have they finally become aware of the evil mechanizations of Darth Cheney? Have they finally decided to follow the good side of “the force”? Hardly, in reality the corporate kingmakers have seen the writing on the wall and are now doing “damage control” on their swiftly sinking ship. The ship seems to be listing so badly, that instead of trying to repair a ship that surely has a date with destiny at the bottom of the political sea, they are climbing aboard another ship that seems a bit more seaworthy.

This will obviously be greeted with shouts of joy from diehard Democrats that can’t see the forest for the trees. They don’t seem to understand that they are just trading one type of dictatorial power for another one. The saddest part of this story is that now they will be controlled by the same forces that control the Republicans (not that they weren’t controlled by the corporate boys before). Now it is official.  There is more to this than meets the eyes however, so let us get to the putrid mechanics of this political swicheroo.

Let us gaze at the top ten donors. This might raise a few eyebrows:

1 Act Blue   $3,151,038    100% Dem  0% GOP   Solidly Democratic

2 Goldman-Sachs  $1,656,954    71% DEM 29% GOP   Strongly Democratic

3 Citigroup Inc.  $1,582,857      63% Dem    37% GOP   Leans Democratic

4 JP Morgan Chase & Co.  $1,171,720  68% Dem 32% GOP Strongly Democratic

5 AT&T Inc.  $1,094,144    45% Dem   55% GOP    On the fence

6 UBS AG  $1,068,953    62% Dem   38% GOP   Leans Democratic

7 Intl Brotherhood of Electrical Workers   $947,815   98% Dem   2% GOP   Solidly Democratic

8 Laborers Union $924,500   91% Dem   9%GOP   Solidly Democratic

9 Morgan Stanley $923,850   62% Dem   38%GOP   Leans Democratic

10 Machinists/Aerospace Workers Unionv $904,000   97% Dem   3%GOP  Solidly Democratic

Take out the Unions and the Democratic Organizations and we are left with what else, the bankers. Surprised, don’t be, they were the largest donors to the Republicans for the last 16 years. As Bob Dylan sang; “You just want to be on the side that’s winning”. The fact is, Goldman Sachs has been the largest political contributor to political races in history. The rankings from 11-20 are Lehman Brothers, Merrill Lynch, General Electric, Comcast Corp, Akin, Gump et al, American Bankers Assn, Air Line Pilots Assn, Ernst & Young, American Federation of St/County/Municipal Employees, American Assn for Justice. Of these, only The American Bankers Assn, and Ernst & Young give more money to the GOP. Merrill Lynch is hedging their bet with an even number to both.

So what does all of this mean to the average American? Well to begin with, it means that your paltry contribution means squat. If your credit card debt and the spine-numbing late fees and fines are driving you to bankruptcy, don’t expect anyone to be in your corner. In fact every corner that every American owns has no supporters in it, save family and friends.

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http://liberalpro.blogspot.com

Tim was banned from the site for posting private email from the publisher to him on his blog, and then attacking the publisher and the site in emails and articles. OEN has no responsibility to publish articles from people who attack the site. Tim's accusations that he was banned for his political positions are untrue. Check his articles. He repetitively wrote about and had published exactly the things he claimed he was banned for doing.
Former Chairman of the Liberal Party of America, Tim is a retired Army Sergeant. He currently lives in South Carolina. A regular contributor to OpEdNews, he is the author of Kimchee Kronicles and is currently at work on a new novel.

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Have been a soldier, an intelligence analyst, an engineer, a physicist, and a writer.

Right now mostly a writer.

camHave been a soldier, an intelligence analyst, an engineer, a physicist, and a writer.

Right now mostly a writer.

Corporate creatures

Nice to see the numbers. Not much question about who politicians owe their fealty to, is there?

by cam (0 articles, 0 quicklinks, 0 diaries, 54 comments) on Thursday, October 11, 2007 at 7:29:33 PM
 


My name it means nothing, my age it means less. My deeds of activism are mine to enjoy and share as I feel necesary, not as some clown in a small forum's administration thinks I must..This place gets worse each and every visit.
Member banned on June 3, 2008 for repeated abuse of editors.

ardee D.My name it means nothing, my age it means less. My deeds of activism are mine to enjoy and share as I feel necesary, not as some clown in a small forum's administration thinks I must..This place gets worse each and every visit.
Member banned on June 3, 2008 for repeated abuse of editors.

Mene, mene, teckel, upharsin

While most corporations, even those run by republican fat cats, contribute sums to the Democrats, to hedge their bets I suppose, this flood of early donations clearly shows two things:

1. The handwriting on the wall (see title) shows a clear Democratic landslide in the offing and,

2. The fat cats are buying their politicians early

by ardee D. (6 articles, 4 quicklinks, 1 diaries, 2377 comments) on Thursday, October 11, 2007 at 8:38:11 PM
 

 

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