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The German magazine Der Spiegel had a short article today saying that German corporations are predominantly donating to the Romney campaign; four years ago, the main recipient was the Obama campaign.

This year's figures so far, according to the US Center for Responsive Politics:

Deutsche Bank: US$86,250
Allianz Insurance: US$14,950

By comparison, the Obama campaign received:

From Siemens: US$17,355
From SAP: US$9,322

In the 2008 campaign, German corporations donated US$766,000 to Democrat candidates and US$612,000 to Republican.  In 2010, Deutsche Bank AG was the 6th-largest contributor to the Republican National Committee, with US$61,800.

I find this bizarre.  The numbers for the individual companies are comparatively small, but I'm still surprised they exist at all.  What's the corporate rationale?  And what happened to the ban on foreign donations.

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Comment Preferences

  •  Citizens United (4+ / 0-)
    Recommended by:
    mikeconwell, FloridaSNMOM, mimi, aznavy

    During the second World War, Siemens supported the Hitler regime, contributed to the war effort and participated in the "Nazification" of the economy.

    Blackwater have provided security and intelligence services to a range of powerful corporations over the past several years. The companies include Monsanto, Chevron, Deutsche Bank and others.

    We can't know all of the contributions thanks to Citizens United.

    Corporations are intent on ruling the planet.  Romney and his DOJ & Supreme Court appointee will not squash their plans.

    It's difficult to be happy knowing so many suffer. We must unite.

    by War on Error on Sun Jul 22, 2012 at 07:02:58 AM PDT

    •  Sorry, this is non-sense (1+ / 0-)
      Recommended by:
      cris0000

      None of this has anything to do with the issue.  But if you insist, Siemens is a German company and of course was part of the war effort.  More troubling is that the Nazis could not have rounded up Jews as efficiently if it hadn't been for IBM, and other US corporations also traded with the enemy.

      γνωθι σεαυτόν

      by halef on Sun Jul 22, 2012 at 08:29:59 AM PDT

      [ Parent ]

  •  those companies have wholely owned (5+ / 0-)

    US based corporations that can donate.  When MB or VW wants to make cars in the US, they create a shell corporation to do so.  Just as US based corporations laugh have very large foreign footprints.  This is why the issue of repatriation of foreign profits is such a big issue.

  •  I can't... (0+ / 0-)

    ..believe it is legal for international interests to buy the American presidential election.

    The day will come (if it hasn't already) when a Pablo Escobar-type character will drop a billion dollars onto an American presidential candidate.

    It is be interesting to watch how our tradtional media & Beltway Village spins it into something innocuous.  

    Rob not the poor, because he is poor: neither oppress the afflicted in the gate. ~ Proverbs 22:22

    by wyvern on Sun Jul 22, 2012 at 07:08:45 AM PDT

  •  President Strangelove (0+ / 0-)

    General "Buck" Turgidson: Doctor, you mentioned the ratio of ten women to each man. Now, wouldn't that necessitate the abandonment of the so-called monogamous sexual relationship, I mean, as far as men were concerned?

    Dr. Strangelove: Regrettably, yes. But it is, you know, a sacrifice required for the future of the human race. I hasten to add that since each man will be required to do prodigious... service along these lines, the women will have to be selected for their sexual characteristics which will have to be of a highly stimulating nature.

    Ambassador de Sadesky: I must confess, you have an astonishingly good idea there, Doctor.

    "Gentlemen, you can't fight in here! This is the War Room." - President Merkin Muffley

    by Farkletoo on Sun Jul 22, 2012 at 07:12:45 AM PDT

  •  What kind of donations are these? (1+ / 0-)
    Recommended by:
    FG

    Individuals?   PACs?  Individual donations could simply be a matter of US citizens who work for foreign corporations making perfectly legal donations.  

  •  The comments indicate why the Catholic Church (2+ / 0-)
    Recommended by:
    aznavy, a2nite

    is so important to the Republican Party. 501(c) (3) religious organizations don't need to report any donors, foreign or domestic, nor the amounts contributed, nor how its spent. The Catholic Church is an international organization with an international financial system achored in the offshore Vatican Bank. Any one or any corporation or any foreign government can "donate" and then the money is forwarded with no transparency or accountability.

  •  What's so bizarre about it? (1+ / 0-)
    Recommended by:
    aznavy

    Deutsche Bank is deeply involved in the Libor scandal and in fraudulent mortgages:Deutsche Bank Sued for Fraud; Billions at Stake.
    Allianz is intertwined in everything somehow (needs an analysis from someone who is knowlegable), but it's too big to not be. So to me it's no surprise at all. Actually I am amazed that not more money has reached the campaign coffers of Romney. But I guess that has just not been researched enough yet.

    As the Spiegel article says:

    Offenbar erwarten die beiden deutschen Finanzkonzerne von dem früheren Investmentbanker Romney eine unternehmensfreundlichere Politik als von Präsident Barack Obama. = Apparently German corporations expect from the former investment banker Romney more entrepreneur-friendly policies that from President Obama/
    Same is true for "Bayer" and "Deutsche Telekom".

    No suprise to me. German corporations are "people", you know, and "no saints".  

    I hope we get better and more detailed information from one of our good diarists, who can share their knowledge with us and explain it to us "finance ignorant dumbfucks".

    I hate it to always feel like I wonder around in the fog.  

    •  I agree it's not surprising that they would (1+ / 0-)
      Recommended by:
      mimi

      What mystifies me is that the COULD.

      γνωθι σεαυτόν

      by halef on Sun Jul 22, 2012 at 08:35:43 AM PDT

      [ Parent ]

    •  Big business tends always (0+ / 0-)

      to "invest" in the expected winner(s) unless their official and seriously to be implemented policies are really impalatable to them.  As a big business you always gotta buy yourself access and goodwill with the people who might regulate you, if only to fend off your business competition from getting you screwed.

      What I think is interesting is that Big Business has concluded that Romney is likely to be very close or win, or at least that the Senate will go over to Republicans.  Our election threads here are one big pot of fervent denialism imagining that Obama will get 300-335 Electoral College votes.

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