Skip to main content

Back in August, just a few months after donating $5000 to Democrat Maria Cantwell, Starbucks CEO Howard Schultz called for a moratorium on political donations until Congress got it's act together and dealt with the nation's fiscal dilemma.

"We today pledge to withhold any further campaign contributions to the President and all members of Congress until a fair, bipartisan deal is reached that sets our nation on stronger long-term fiscal footing."

Schultz didn't specify who "we" was. Apparently it wasn't Starbucks employees or board of directors.

Starbucks board members Mellody Hobson and Sheryl Sandberg have since donated to  Steny Hoyer, Nancy Pelosi, and Krsten Gillibrand. The company's director of international development contributed $2000 to President Obama's campaign.

I suspect a significant reason for Democratic support from Starbucks is the fact that they have always paid above minimum wage and provided health insurance and other benefits for employees. Liberal efforts to increase the minimum wage and mandate health insurance only strengthens their competitive position.

So savor that with your morning latte.

Ironically, barring future action, Congress has inadvertently solved our long-term budget problems via stalemate. Bush tax cuts are set to expire at the end of next year, at the same time the "triggered" $1.2 trillion in non-entitlement spending cuts commence. The war in Iraq is drawing to a close, and the one in Afghanistan is scheduled to wrap up by the end of 2014. Add it all up, and the nation is on a glide path to being fiscally sound, assuming Congress continues to do absolutely nothing. Funny how that worked out.

Originally posted to Sarge in Seattle on Fri Nov 25, 2011 at 08:02 AM PST.

Also republished by PacNW Kossacks.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site