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View Diary: Big oil, big profits, big tax breaks, big political contributions (37 comments)

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  •  the oil companies are a curious anomaly (3+ / 0-)
    Recommended by:
    nonnie9999, DawnN, Dave925

    Most corporations are ruthlessly nonpartisan--they give their cash to both parties, with the major share switching effortlessly from one party to the other according to who is in the best position to give out favors.

    The oil and coal companies, however, buck that trend--they are one of a very small handful (the others being the forestry/mining industry, the agribusinesses--especially tobacco--and the chemical (but NOT the pharma) industry) who consistently give most of their money to Repugs, year after year after year.

    It's very unusual for corporations to do that.

    •  One reason I can think of (0+ / 0-)

      Oil men have always been reactionary SOB's. The boards of these companies are filled with ideologues these days, to ask them to give to Democrats is a pill too big for most of them to swallow.

      Other companies are looking for a good "return on investment" and are not necessarily ideologically directed though most board rooms are filled with reactionaries. But the oil people? From their earliest days in TX and CA, they've been loyal to the party that has always paid off for them. It doubles the impact of their "contributions" when they are also ideologically aligned. They pay for favors and they pay to support the party that can be counted on to keep 'em coming.

      "The rich will strive to establish their dominion and enslave the rest. They always did... they always will. . ." Governeur Morris

      by Dave925 on Wed May 04, 2011 at 12:27:21 AM PDT

      [ Parent ]

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