The defense industry this year abandoned its decade-long commitment to the Republican Party, funneling the lion share of its contributions to Democratic presidential candidates, especially to Hillary Clinton who far out-paced all her competitors.
An examination of contributions of $500 or more, using the Huffington Post's Fundrace website, shows that employees of the top five arms makers - Lockheed Martin, Boeing, Northrop-Grumman, Raytheon and General Dynamics -- gave Democratic presidential candidates $103,900, with only $86,800 going to Republicans.Senator Clinton took in $52,600, more than half of the total going to all Democrats, and a figure equaling 60 percent of the sum going to the entire GOP field. Her closest competitor for defense industry money is former Massachusetts Governor Mitt Romney (R.), who raised $32,000.
Insofar as defense workers making political donations reflect the interests of their employers, the contributions clearly suggest that the arms industry has reach the conclusion that Democratic prospects for 2008 are very good indeed. Since their profits are so heavily dependent on government contracts, companies in this field want to be sure they do not have hostile relations with the White House.
The strong support for Clinton indicates that a majority of defense industry executives currently believe Clinton is a favorite to win the Democratic nomination and, in November, 2008, the general election.
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