Who does Corporate America want in power? the GOP the ones that drove America into the ditch.
Corporate PACs shift to the right
In the first quarter of 2010, corporate political action committees gave more money to Republicans than Democrats, an indication they are betting the GOP may win big in November.
In the first quarter of 2010, corporate political action committees gave more money to Republicans than Democrats, an indication they are betting the GOP may win big in November.
Use our tool to track how corporate donations to Democrats and Repbulicans have shifted over time, by industry.
By T.W. Farnam and Carol D. LeonnigWashington Post Staff Writer Saturday, May 22, 2010
Corporate America is gambling on the minority in its political giving this year, assuming that Republicans will win big in the November midterm elections, an analysis of campaign finance reports shows.
This Story
PACs betting on GOP takeover
Interactive: Corporate PACs shift to the right
Corporate PACs shift to the right
The pattern represents a distinct change from a year ago, when President Obama was sworn into office. Back then, corporate political action committees made a shift to the Democrats, giving 58 percent of their donations to the party. So far this year, 48 percent of the contributions from big business are going to the Democrats.
The shift in political giving represents a calculated gamble by lobbyists and executives overseeing corporate largesse that the Republican Party may regain control of Congress, say GOP fundraisers and political consultants.
Many other political winds have shifted behind Republicans in recent months, but the swing in money from corporate PACs is unusual. Corporations often give campaign contributions while seeking access and favor with incumbent lawmakers in position to shape legislation -- meaning they gravitate to the party in power. LinkHere
Corporate America is gambling on the minority in its political giving this year, assuming that Republicans will win big in the November midterm elections, an analysis of campaign finance reports shows.
This Story
PACs betting on GOP takeover
Interactive: Corporate PACs shift to the right
Corporate PACs shift to the right
The pattern represents a distinct change from a year ago, when President Obama was sworn into office. Back then, corporate political action committees made a shift to the Democrats, giving 58 percent of their donations to the party. So far this year, 48 percent of the contributions from big business are going to the Democrats.
The shift in political giving represents a calculated gamble by lobbyists and executives overseeing corporate largesse that the Republican Party may regain control of Congress, say GOP fundraisers and political consultants.
Many other political winds have shifted behind Republicans in recent months, but the swing in money from corporate PACs is unusual. Corporations often give campaign contributions while seeking access and favor with incumbent lawmakers in position to shape legislation -- meaning they gravitate to the party in power. LinkHere
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