http://caffertyfile.blogs.cnn.com/2008/12/02/democrats-party-of-big-business/

Quote :

"The financial sector alone donated more money to the Democrats, $65 million compared to the $59 million it gave Republicans. Big banks have long been supporters of the GOP. So why the shift? Canellos points to the Southern evangelicals who he says have dominated the Republican Party and in the process driven away some very big contributors. Corporate executives who have big bucks but different beliefs have begun to migrate to the Democratic Party despite the threat of higher taxes. And because many Republicans opposed the $700 billion bailout package passed in October as well as a rescue plan for the automakers, it looks like the GOP isn’t going to win “big business” back anytime soon."

Interesting....

thoughts guys...

Seems even the traditionally "conservative" institutions within our country are tired of the crap from evangelicals and the Palin supporting moonbat Xtreme right. One of the electricians at my work (a good ole boy McCain voting blue collar worker) had a book listing different corporations and with what party they donated money. I was highly surprised to find Annhieser Busch (pre InBev takeover), Bacardi, and Miller Brewing company all had a majority of their contributions to dems. They did also donate to the GOP but Anheuser was the #2 corporate donor to the Dems.

12/2/2008 10:01:46 PM

That may be, or it could be that they hedged their bets and donated more money to the likely winners. I don't know of anyone who didn't think the Democrats wouldn't be in full power after the election, so why not donate to the winners in hopes of influencing them later?

12/2/2008 10:54:35 PM

^ That's kind of how I see it.

12/3/2008 2:55:26 AM

^^ that, and they were in need of a handout, and knew which side was more in favor of it.

12/3/2008 9:43:52 AM

its more telling to look at who in the financial sector gives money to whom. top execs vs. people in the middle

12/3/2008 9:46:24 AM

^
Is that information available?

And are donations capped per individual over the entire campaign or only per donation?

12/3/2008 6:24:47 PM

yeah, can't find it now though

12/3/2008 7:06:34 PM

this is just employees of said businesses. i don't really see workers of specific corporations more or less likely to be conservatives or liberals. yeah there are lots of executives at lots of these businesses who are probably typically conservatives. but i assume that these lists for the financial firms for example also include bank tellers.

this mostly just seems like a symptom of obama out-organizing the crap out of mccain plain and simple. and with the donation cap these days, it makes it harder for them make up for it with gigantic donations from very rich individuals.

12/4/2008 5:31:30 PM

A party that hasn't done anything conservative besides promoting moonbat beliefs alienates true fiscal conservatives? Do tell.

12/4/2008 7:33:21 PM

and as i thought. final fundraising numbers came in:

http://blogs.abcnews.com/politicalpunch/2008/12/final-official.html

and obama's campaign + dnc out-raised mccain + RNC by $400 million. (~$1B to $630M)

this means that many of these businesses that are cited were riding a much larger wave of financial support for obama and that $65M to $59M margin obama won in the banks is dwarfed by the proportional margin he out-raised nationally.

12/5/2008 2:31:10 PM

Yeah, I don't view it as a disgruntlement with the GOP persay but more that they see the writing on the wall. The Republicans were a sinking ship, and the corporate executives are simply buying into the winning side. If anything, this switch has been happening since 2006 when the Democrats took control of Congress and corporations decided it was time to hedge their bets.

12/5/2008 3:10:01 PM

haha. "out-organizing." More like "breaking his promise and then capitalizing on it"

12/7/2008 7:05:31 PM