Some big companies are boosting their share of campaign contributions to Democrats this year, a sign that executives may be starting to hedge their political bets after a decade of supporting congressional Republicans.
The shift includes backers of the Republican Party in the insurance, pharmaceuticals and tobacco industries, such as American International Group Inc., Wyeth, and Reynolds American Inc., according to PoliticalMoneyLine, a nonpartisan tracker of campaign contributions.
I don’t know that I’d bet the farm on this being a useful indicator of what’s going to happen in the November elections, but I thought I’d pass it along for your consideration. Personally, I just regard this as further evidence that we need publicly financed elections. Harrumph.
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