Posted in H.L. News, Main Blog (All Posts) on September 21st, 2007 9:41 am by HL
Sept. 21 (Bloomberg) — Dozens of corporate executives who backed President George W. Bush for re-election in 2004, including some of his top fund-raisers, are now helping Democrats running for president.
John Mack, chief executive officer of Morgan Stanley, Rupert Murdoch, chairman of News Corp., and Terry Semel, chairman of Yahoo! Inc., are among some 60 executives writing checks to Democrats such as Senators Hillary Clinton of New York and Barack Obama of Illinois, a review of U.S. Federal Election Commission records shows.
While the vast majority of business leaders still back Republicans for 2008, the stature of some of those donating to Democrats suggests that support may be eroding, seven years into the Bush presidency. Some executives expressed concern over Republican positions on issues ranging from the war in Iraq and stem-cell research to global warming and the fiscal deficit.
The shift in political-spending patterns is “very unusual,” says Fred Wertheimer, president of Democracy 21, a Washington-based group that advocates campaign-finance reform.
“Normally, if you have dissatisfaction with the administration, you figure out who in your own party you’ll support in the next election,” he says. “You don’t look at other parties.”
The Democratic victory in last November’s congressional elections may have also sparked greater interest in the party. “Money tends to follow people who have power,” Wertheimer says.
Bush sounded unconcerned yesterday that he might adversely affect Republican chances next year. Asked at a White House news conference if he were “an asset or liability” to members of his party seeking election, he replied, “Strong asset.”
Nonetheless, some of his strongest supporters are wavering — or at least hedging their bets
So some of these top Bush supporters of 2004 are now supporting Democrats. So what has changed since 2004? Republicans were for never ending war then, they still are now. They were for looting the US Treasury then, and they still are now. So why are these big donors giving their money to Democrats now? instead of Republicans? Is it because the Democrats and Republicans are now different? They know that either way the corporate plundering of everything America used to stand for will continue either way. They just look better being agaisnt the biggest failure monkey ever to occupy the Whitehouse.