By Selwyn Duke
If you accept the old stereotype, you believe that big government is a sworn enemy of big business. You believe that, were it not for Washington’s protection, we’d all be under the boot of rapacious robber barons. In reality, however, the two bigs have far more acquaintance with each other than with the little guy.
Another old stereotype is that Republicans "mainline" corporate money, and they certainly aren’t averse to such a diet. Yet this stereotype is also deceptive. For example, it is well-known that Barack Obama not only received cash from oil giant BP — he was the biggest recipient of it in 20 years. And, as a quid pro quo some say, his administration granted the corporation a waiver freeing it from environmental regulations. BP isn’t alone, either. The securities and investment industry has given the majority of its donations to Democrats during this election cycle, helping the party raise more money than the GOP.
Of course, there is the truism that “money follows power,” but donations don’t tell the whole story.
Read the rest here.
