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WSJ ReportsGOP Losing Grip On Long Loyal Business Vote

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Long loyal leaders in business are bailing from the Republican party as they perceive it being more and more controlled by religious, social conservatives who give a back seat to long help economic conservative priorities such as fiscal responsibility, small government, restrained government spending, the Wall Street Journal reports, in an article titled "GOP Is Losing Grip
On Core Business Vote;
New evidence suggests a potentially historic shift in the Republican Party's identity -- what strategists call its "brand." The votes of many disgruntled fiscal conservatives and other lapsed Republicans are now up for grabs, which could alter U.S. politics in the 2008 elections and beyond.

Some business leaders are drifting away from the party because of the war in Iraq, the growing federal debt and a conservative social agenda they don't share. In manufacturing sectors such as the auto industry, some Republicans want direct government help with soaring health-care costs, which Republicans in Washington have been reluctant to provide. And some business people want more government action on global warming, arguing that a bolder plan is not only inevitable, but could spur new industries.

The Journal article cites the prominent example of Alan Greenspan, former Fed Reserve chairman, who blasted the GOP's fiscal record in his new book, saying, in a WSJ interview, "The Republican Party, which ruled the House, the Senate and the presidency, I no longer recognize."

The article cites numerous business leaders who have jumped ship from the Republican party and are now supporting Hillary Clinton and or supporting Democrats. These include Morgan Stanley Chairman and Chief Executive John Mack, John Canning Jr., chairman and chief executive of Madison Dearborn Partners, a large private-equity firm, and Richard Cooper, former chairman of Weight Watchers Inc.

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Of course, this movement of business leaders to the Hillary Clinton camp will probably buttress the mistrust of Senator Clinton's policies, leanings and overly friendly relationship with big business. But it should come as no surprise to them, since her husband probably did more to move the Democratic party to the right than anyone in recent history.

Polling Shows the Same Trend of GOP Losing Support from Business
The WSJ article reports, that a poll they did in September, with NBC News found that "37% of professionals and managers identify themselves as Republican or leaning Republican, down from 44% three years ago."

And some bottom line numbers also support the pattern, the WSJ reports,
Federal campaign-finance reports document shifting support in some quarters of the business community. Hedge funds last year gave 77% of their contributions in congressional races to Democrats, up from 71% during the 2004 election, according to the Center for Responsive Politics, a nonpartisan analyst of campaign finances. Last year the securities industry gave 45% of its money to Republicans, down from 58% in 1996, the center said.

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"You see it in the lack of donor support" for Republican presidential candidates, says longtime strategist John Weaver. As former top adviser to presidential candidate and Arizona Sen. John McCain, Mr. Weaver recalls hearing Republican businesspeople grouse about the party's focus on moral issues and Iraq.

Overall, Democratic presidential candidates have raised more than $200 million this year, about 70% more than their Republican rivals.

Adding to the damage the GOP is experiencing, numerous polls are showing that voters have more confidence in Democrats to deal with taxation, the economy, trade, the decicit.

Perhaps most striking, a PEW poll reported that it's latest poll found huge changes.Support for social conservative issues like "old fashioned family values, marriage, firing gay teachers has dropped drastically. And in the past five years, the even split among voters-- 43% each supporting Democrats and Republicans-- has shifted so now Democrats have a 50 to 35% advantage.

One has to wonder, as the dinosaur era was ending, how long the last of the dinosaurs held out. We may be seeing a similar phenomenon with the Republican party today.


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Rob Kall is an award winning journalist, inventor, software architect, connector and visionary. His work and his writing have been featured in the New York Times, the Wall Street Journal, CNN, ABC, the HuffingtonPost, Success, Discover and other media. He's given talks and workshops to Fortune 500 execs and national medical and psychological organizations, and pioneered first-of-their-kind conferences in Positive Psychology, Brain Science and Story. He hosts some of the world's smartest, most interesting and powerful people on his Bottom Up Radio Show, and founded and publishes one of the top Google- ranked progressive news and opinion sites,

more detailed bio: 

Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind.  Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives  one person at a time was too slow, he founded which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big)  to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet and the Psychopathy Defense and Optimization Project. 

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