Skip to main content

The Best Congress Money Can Buy

     I have devoted several blog entries to indicating how our economic system moves money from the not-so-deep pockets to the very-deep-pockets of our society. Today I am going to list the top ten corporations that donated to Republican candidates, and the top ten who gave to Democratic candidates. Amounts listed are in millions of dollars, and include donations to state candidates:


Corporation
Total Contribution
Republican Recipients
Perry Homes
12.24
11.13
TRT Holdings
5.26
5.26
Chartwell
3.34
3.30
Altria
3.14
2.07
Goldman Sachs
3.06
2.08
Bank of America
2.80
1.68
Koch Industries
2.52
2.27
Home Depot
1.53
1.04
Wells Fargo
1.72
1.13
Exxon Mobil
1.62
1.30
Totals
37.23
31.26


Corporation
Total Contribution
Democratic Recipients
Time Warner
.98
.80
Google
.96
.70
D.E.Shaw
.58
.56
Prudential Financial
.55
.40
Cablevision
.46
.33
Qualcomm
.43
.33
Sony
.40
.30
Tishman
.39
.39
Carnival Cruise Lines
.37
.29
Corning, Inc
.37
.26
Totals
5.49
4.36

      The top ten corporate donors to each party contributed over seven times as much to Republican candidates as they did to Democratic candidates!
     What do they get for their money? Generally they claim that their donations are not bribes for passing specific legislation; instead the money buys access to lawmakers for top corporate executives and lobbyists. I assume that the larger the donation, the more access the company gets.
     One more point: these tables illustrate amounts that corporations are required to report to the Federal Elections Commission. Last year the Supreme Court decided that corporations are “persons,” with the right to contribute unlimited and unreported contributions to political campaigns. The amounts shown here do not include any of those funds.
     Stay tuned.
******
     In the first seven chapters I discussed the Spirit's activity in the macro world ― constructs which can be sensed, or inferred through the use of special instruments. In chapter eight I wrote about the micro world ― the space/time world of point/events. Now I wish to examine the connection between the two. First let me take you through a short history of the universe.
     Matter Matters – The Spirit Runs Through It.

The Spirit Runs Through It is available in paperback or on Kindle from Amazon.

Comments

Popular posts from this blog

There Are Only Seven Jokes - Introduction

      The statement “There are only seven jokes – all the rest are variations,” has been around for a long time, but no one ever seems to know what the original seven are. I think I have found the solution to the mystery.       The answer is to be found in an article published in the New York Times on May 2, 1909. Entitled “New Jokes? There Are No New Jokes, There Is Only One Joke,” it goes on to say that all jokes are a distortion, and lists seven categories of distortion. Supposedly every joke will fit into one of the categories. I believe that repetition changed the seven categories into the seven jokes.       Each of my next seven blogs will be devoted to exploring one of the categories. In addition, I shall attempt to give an example or two of jokes which I think fit the category.       You must realize that this article appeared over one hundred years ago, so most of the jokes a...
The Future of Work This is for folks who don't mind stretching their imagination a bit. Let me review some of the things that are happening in today's world. A recent news article stated that in spite of the decreasing jobless rate, the number of retail jobs has been dropping rapidly. An article in Business Insider calls it a retail apocalypse. According to the article, in the retail industry, "Since October about 89,000 workers in general merchandise stores have lost their jobs, which is more than the number of people employed in the entire US coal industry." ( http://www.businessinsider.com/retail-job-losses-are-hurting-the-economy-2017-4 ). This loss is due to the rapid expansion of online merchandising. But this is only one example of the point I want to make. According to an article in Scientific American, two professors at Oxford University published a study estimating the probability that "702 occupations would soon be computerized out of exist...

It's Not Just Semantics

     It seems there are two competing definitons for the term “small business”; to no one's surprise the Democrats are using one and the Republicans are using the other. For the convenience of anyone who doesn't know which party he prefers, here are the definitions: 1.) A small business is a business which is not very large, e.g., a corner grocery, a machine shop with a couple of employees, a mom and pop enterprise, etc. Most Democrats use the term in this context. 2.) A small business is a business which operates as a pass-through tax entity, e.g., most of the businesses in def. 1.) plus most mega-farms, some manufacturing firms, and practically all high-tech and professional firms. These organizations use the individual proprietorship, partnership, S-corporation, limited-liability company (LLC), etc. tax reporting format. Under this definition the business could have anywhere from one to thousands of employees. For example, with over 163,000 employees worldwide, t...