To The Victor Goes The Spoils

Another stake in the decomposing corpse of the "conservative big business" canard comes courtesy of today's Wall Street Journal (free for all!):

Overall, corporate PACs gave 56.6% of their $6.2 million in contributions to Democrats in the first quarter of 2007, according to PoliticalMoneyLine, another nonpartisan tracker of political funds. During the whole of the previous campaign cycle -- the two years that ended with the 2006 elections -- Democrats got just 34.1% of the $140.6 million that corporate PACs gave to congressional candidates.

Big companies that have shifted their funding in Democrats' favor so far this year include General Dynamics Corp., whose PAC gave 62% of its $210,500 in contributions to Democrats in early 2007, compared with 64% to Republicans in the previous election cycle. PACs for Honeywell International Inc., Home Depot Inc. and insurer Aflac Inc. have also greatly increased the proportion of their giving to Democrats.

Corporations care not for ideology, only power as in who yields it. If doesn't matter if there is a D or an R behind a poltician's name as long as they can either help or not hinder the firm's bottom line.

This also demonstrates again why elections are so important. The shift in corporate ching only makes it that much more likely that the Dems will stay in control in 2008 and beyond.