Saturday, January 22, 2011

Corporatocracy

Corporate contributions have surged for new Republican leaders in House "The new Republican leaders in the House have received millions of dollars in contributions from banks, health insurers and other major business interests, which are pressing for broad reversals of Democratic policies that affect corporations, according to disclosure records and interviews."

"Major corporations and other interest groups often favor whichever party is in charge, as they did in 2006 when Democrats took control of Congress. But the surge in donations to Republicans underscores the extent of the business community's unhappiness with Democrats and Obama, who could face serious difficulties raising corporate donations for his 2012 reelection bid. The president has made efforts in recent months to improve relations with the business community, including hiring William M. Daley, a former commerce secretary and J.P. Morgan Chase executive, as his chief of staff."

I'm surprised the article didn't connect the appointments with the one year anniversary of the Citizens United decision. Thomas Ferguson did. I got this from Rachel Maddow.

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The source is here.

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