Surprise: In '03 & '04 the top-giving corporate PAC's did not hedge their bets. They favored Republican candidates 10 to 1.
Actually, I was a bit surprised at the margin of 10-1 given the pre-Nov. 2 narrow division between Republicans and Democrats in Congress.
The criteria for this statistic is corporate PAC's that donated $100,000 or more to presidential and Congressional candidates from January 2003 through the middle of last month. Of the 268 meeting this criteria, 245 gave the majority of their contributions to Republicans.
Among the five most-Republican-leaning corporate PAC's is Georgia's own Flowers Industries PAC: All $131,500 went to Republican candidates. Flowers Industries, as we all know, is a bakery company based in Thomasville. It bakes and distributes Little Miss Sunbeam products.
For your information if you didn't know, corporate PAC's are financed with limited donations from company employees, who can each give up to $5,000 a year. In turn, the PAC's can donate up to $5,000 for a primary and another $5,000 for the general election to each federal candidate they support.
(AP story.)
The criteria for this statistic is corporate PAC's that donated $100,000 or more to presidential and Congressional candidates from January 2003 through the middle of last month. Of the 268 meeting this criteria, 245 gave the majority of their contributions to Republicans.
Among the five most-Republican-leaning corporate PAC's is Georgia's own Flowers Industries PAC: All $131,500 went to Republican candidates. Flowers Industries, as we all know, is a bakery company based in Thomasville. It bakes and distributes Little Miss Sunbeam products.
For your information if you didn't know, corporate PAC's are financed with limited donations from company employees, who can each give up to $5,000 a year. In turn, the PAC's can donate up to $5,000 for a primary and another $5,000 for the general election to each federal candidate they support.
(AP story.)
posted by Sid Cottingham | 11:10 PM
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