From a 2007 article, that now seams prophetic in hind site:
The good news first: big business, whose outsized campaign donations and other related forms of political support are essential to electoral success in America’s “dollar democracy,” is investing more in the Democrats than in its usual favorites, the Republicans. As liberal New York Times columnist Paul Krugman noted last October, citing data from the Center for Responsive Politics, “In the current election cycle every one of the top ten industries making political donations is giving more money to the Democrats. Even industries that have in the past been overwhelmingly Republican, like insurance and pharmaceuticals, are now splitting their donations more or less evenly. Oil and gas is the only major industry that the GOP can still call its own” (Krugman, “Death of the Machine,” New York Times, October 19, 2007).
Democrats are currently receiving more than Republicans from:
securities and investment firms (61 percent Democratic to 39 percent Republican in the 2008 election cycle) for only the second time in the last 7 election cycles
commercial banks (52 percent Democratic) for the first time in the last 9 cycles
insurance companies (51 percent Democratic) for the first time in 9 cycles
“defense” (military-industrial) companies (52 percent Democratic) for the first time in 9 cycles
The Democrats are even with the Republicans in donations from drug companies who have favored Republicans for each of the last eight cycles (Center for Responsive Politics, “Open Secrets,” http://www.opensecrets.org).
It must be nice to wall st, drug companies and insurance companies when they have both parties in their pocket. That’s what they call a win/win for them.
Here’s an article you might find interesting
http://aattp.org/crooks-with-a-conscience/
Thanx…interesting reading….
From a 2007 article, that now seams prophetic in hind site:
The good news first: big business, whose outsized campaign donations and other related forms of political support are essential to electoral success in America’s “dollar democracy,” is investing more in the Democrats than in its usual favorites, the Republicans. As liberal New York Times columnist Paul Krugman noted last October, citing data from the Center for Responsive Politics, “In the current election cycle every one of the top ten industries making political donations is giving more money to the Democrats. Even industries that have in the past been overwhelmingly Republican, like insurance and pharmaceuticals, are now splitting their donations more or less evenly. Oil and gas is the only major industry that the GOP can still call its own” (Krugman, “Death of the Machine,” New York Times, October 19, 2007).
Democrats are currently receiving more than Republicans from:
securities and investment firms (61 percent Democratic to 39 percent Republican in the 2008 election cycle) for only the second time in the last 7 election cycles
commercial banks (52 percent Democratic) for the first time in the last 9 cycles
insurance companies (51 percent Democratic) for the first time in 9 cycles
“defense” (military-industrial) companies (52 percent Democratic) for the first time in 9 cycles
The Democrats are even with the Republicans in donations from drug companies who have favored Republicans for each of the last eight cycles (Center for Responsive Politics, “Open Secrets,” http://www.opensecrets.org).
http://www.zcommunications.org/corporate-money-on-the-democrats-by-paul-street
This is part of the legacy of the Clintons and the ilk at DLC…….I mean Insurance and drug companies wrote the health bill….
It must be nice to wall st, drug companies and insurance companies when they have both parties in their pocket. That’s what they call a win/win for them.
How do we break the cycle?