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10/19/00
10:25 a.m. |
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Now the business groups are repaying the GOP by giving about half their money to Democrats running for Congress. The Washington Post reports that of the $70 million that business has raised for campaigns this year, $33.7 million has gone to Republican committees and $36.3 is going to the Democrats. Are these brain-dead PAC directors listening to what Al Gore and Dick Gephardt are saying on the campaign trail? Gore and Gephardt regularly bash Big Oil, chemical companies (polluters!), the pharmaceutical industry, tobacco, and high-tech firms like Microsoft and Intel. Now industry rewards them with a faucet of dollars. This is a case of feeding the mouth that bites you. A case in point: one prominent business PAC, called BIPAC, is giving money to Kansas Democrat Dennis Moore. Moore voted against death-tax relief. Meanwhile, the Republican challenger, Phill Kline, is a solid free-market, anti-tax candidate with a good chance to pick up this seat for the GOP. By supporting Moore in this race, BIPAC is helping put the Speaker's gavel in Dick Gephardt's hands. The business groups defend themselves by saying: "We need to hedge our bets." That's funny, because the unions and the trial lawyers and the motion-picture industry don't "hedge their bets." Ninety-five percent of their money goes into the coffers of the Democrats. Corporate America has a suicidal impulse. They aid and abet their own worst enemies. Republicans should stop carrying water for corporate America. If they do, the business PAC money will start to pour in like never before. |
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ord knows why Republicans
ever raise a finger for big business. Corporate America has to be composed
of the greatest bunch of ingrates in political history. In recent years
the GOP has given the business groups virtually everything they've asked
for: GATT, free trade with China, a capital-gains cut, deficit reduction,
protection from shareholder suits, more high-tech immigrants.
