Quote:
Originally Posted by Pete F.
You're correct, now let's follow the money
In the 2014 campaign cycle, people and political action committees associated with commercial banks gave more than $28.2 million to federal candidates, committees, parties and outside money groups that support them. Besides trade groups such as the American Bankers Association, the industry includes financial institutions such as Quicken Loans, Bank of America, Wells Fargo and JPMorgan Chase.
In the early 1990s, the industry split its support between Democrats and Republicans, but since then has heavily favored Republicans, with the exception of the 2008 election cycle. In recent years, the lean has become even more pronounced. In 2014, 72 percent of the industry's donations to candidates and parties, or more than $19 million, went to Republicans.
|
Since "you're correct" was your response to the Cato article on the symbiotic relationship between big business ang big government, I assume you agreed with the article.
Re your "follow the money" comment that most bank money has recently trended toward Republicans not Dems--does that translate to you that if Dems get control we will see a return of the small neighborhood banks that you prefer?
Do you think that Biden will bring back the small banks? Or the small mom and pop stores? Or the significant rise of small businesses?
The big bank monopoly is not concerned that either party will return us back to the nation of shop owners. Both parties joined to bail the big banks out the last time when they should have been allowed to fail. The banks' reasons for supporting either party would be various other selfish reasons than fear of losing their connection with and support of big government--no doubt couched in altruistic rhetoric when asked why. One possible reason might be that recent Republican policies favor market growth rather than stagnancy or weak market conditions. Strong markets benefit banks. But there are, no doubt, various reasons other than your suggestion that big bank money going to Republicans means, as the Cato article suggests, that Democrats would deregulate and make it easier for small business to grow in number in more effective competition with the big businesses.
In this current election cycle, Biden is getting more Billionaires to fund him than Trump is. So does that mean they think Biden will favor the big business/big government regulatory model and that Trump would deregulate and allow small businesses to compete with the biggies?
I don't think that's their concern. Some may have actually swallowed the notion that Trump will wreck everything. Since they're confident that both parties are, to different degrees, Progressively into the big business/big government connection, they are probably not concerned about losing that. Except, Trump's populism could be a possible problem to their preferred cozy relationship with government . So getting rid of him would clear the way for the Republicans to stay, or get back to being, on board with the Progressive centralization of everything.
Seriously. Do you think voting for Biden would bring back the small banks?
At any rate, if you agree that there is this Progressive big government/big business relationship that strangles out much of the independent small businesses along with the loss, therefor, of much of the middle class, wouldn't that be one of the more important considerations to discuss in this election rather than the reported character of two very blemished candidates? As well, the cultural direction and scope and power of government?