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Defense Contractors Embrace Hillary Give Most of Its Money To Her; Wonder Why

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EV_Ares Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-18-07 07:19 AM
Original message
Defense Contractors Embrace Hillary Give Most of Its Money To Her; Wonder Why
Edited on Thu Oct-18-07 07:20 AM by EV_Ares
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.

Read Whole Story Read @ link of Huffington Post:

http://www.huffingtonpost.com/2007/10/17/
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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-18-07 07:28 AM
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1. No other Dem came anywhere near Hillary's totals. Edwards received $12,200 to Obama's $10,000.
No other Democrat came near Clinton's totals. Running second to her in the competition for Pentagon contractors' cash was Senator Chris Dodd (D-Conn), who raised $13,200, almost all from executives of General Dynamics which has a major submarine building facility in Groton, Conn.

Former Senator John Edwards (D-N. Car.) raised $12,200 and Illinois Senator Barack Obama (D) took in $10,000.

Clinton's major industry benefactors - donors who gave the $4,600 maximum allowed by law -- include Roger A. Crone, Boeing's president of Network and Space Systems; Stanley Roth, Boeing's Vice President for Asia, International Relations, $4,600; Anne Sullivan, a Raytheon attorney; William Lynn, Raytheon's Senior Vice President for Government Relations; and Michele Kang, Northrop Grumman Vice President for health science solutions.

http://www.huffingtonpost.com/2007/10/17/
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cobalt1999 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-18-07 07:34 AM
Response to Original message
2. No wondering why...
Companies are betting on who is going to win that's all. If Obama or Edwards had Hillary's poll numbers they'd give the same money to them. Of course they'll hedge their bet by filtering some cash to other candidate, but the lion share goes to the favorite (no matter who it is).
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EV_Ares Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-18-07 07:40 AM
Response to Reply #2
6. You are right but I think Hillary's views being the closest to theirs is a big
factor as well as they always place their bets on who is going to be the winner.
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jmp Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-18-07 07:34 AM
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3. Because she is an unapologetic war monger. (nm)
...



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EV_Ares Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-18-07 07:36 AM
Response to Reply #3
4. Of course, she has basically said she will continue GWB's war and
has voted to give him the same authority in Iran.
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sniffa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-18-07 07:39 AM
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5. because, she's the goddess of peace
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