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Cracker Squire

THE MUSINGS OF A TRADITIONAL SOUTHERN DEMOCRAT

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Location: Douglas, Coffee Co., The Other Georgia, United States

Sid in his law office where he sits when meeting with clients. Observant eyes will notice the statuette of one of Sid's favorite Democrats.

Wednesday, May 02, 2007

I assume it goes with the territory -- Companies Shift More Donations To Democrats

From the Wall Street Journal:

For the new Democratic bosses in the House, power has quickly translated into money, as many big companies have shifted more of their campaign contributions to the new congressional majority, and away from longtime Republican allies.

The top four House leaders -- Speaker Nancy Pelosi of California, Majority Whip Steny Hoyer of Maryland and their main lieutenants -- raised a combined $2.24 million in the first quarter of 2007, according to filings with the Federal Election Commission. That was more than three times as much as the $697,694 they raised in the first quarter of 2005, the comparable period in the previous two-year election cycle.

With 19 months to go until the 2008 election, Democratic committee chairmen have also seen their campaign coffers swell. For Ways and Means Chairman Charles Rangel of New York, contributions surged to $761,000 in the first quarter of 2007 from $57,000 two years earlier. Sharp increases were also reported for Energy and Commerce Chairman John Dingell -- $376,000, up from $112,000; Financial Services Chairman Barney Frank of Massachusetts -- $217,000, up from $39,000; and House Armed Services Chairman Ike Skelton -- $227,000, up from $57,000.

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