The left wing is all upset over last years Supreme Court case (Citizens United) that ruled corporations were seen as individuals under the eyes of the law. Of course, we have over a century of court precedent that affirms this. What the left is really trying to do is get an edge politically.
Even though the left says they are for free speech, they aren’t. They hate the first amendment. What they want is “their speech”. As long as the soundbites fill the air with their mantra, they are okay. When it’s not their form of speech, look out. The name calling begins.
Instead of listening to the platitudes of each side, it might be better to delve into the data. “Money talks and BS walks” as they say. First, one assumption. If every positive ion has a corresponding negative ion in physics, then my assumption carries over to this political debate. The corporation’s negative ion is unions, both public and private.
Those evil corporations have boatloads of cash. The political dialogue from the left assumes that they take all their profits and reinvest them in advertising. However, corporations have to answer to their shareholders. With any stock I owned, I would sell if I saw a large percentage of their profit stream being spent on political advertising. That kind of expenditure would tell me the executives of the company were more worried about who was in office than getting close to their customers and earning a profit. Any company that does that eventually goes out of business.
In 2010, corporations contributed 52% of their money to Republicans, and 48% to Democrats. In 2009, corporations sent 59% of their money to Democrats. Ironically, the corporate PAC I am a member of contributed 51% to Democrats, and 49% to Republicans in 2008. When you total up what corporations are spending per year on politics, it hardly makes a difference in swinging an election. Especially because the spending is so balanced between the two parties. Corporations in general are party agnostic.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 1st, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 31st, 2014 | John Ransom