I did some checking this afternoon on the Federal Election Commission's database of financial contributors to political candidates. Within minutes I found that Harold W. McGraw III, the Chairman, President, and CEO of Standard & Poor's parent company, is a big money contributor to lots of Republicans.
Repeat recipients of McGraw's largess include Mitt Romney, George W. Bush, the National Republican Congressional Committee, the National Republican Senatorial Committee, something called the Bush-Cheney Compliance Committee, and many more Republicans. He primarily gives his big money donations to PACs and Republicans, although a few Democrats have benefited as well. He has never given any money to the Obama campaign nor any to the Democratic Party.
Gee, how convenient. Standard and Poor's issues a politically biased rating with a $2 trillion error. Republicans wave that rating around like Moses just brought it down from the mountain as verification of their defamation about the Obama presidency. And the head of the company making those ratings happens to give money to the likes of Mitt Romney and the Republican Party.
It would be interesting to chart political contributions by other executives at S&P.
