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Attacks on Business Affect Campaign Funding

Recorded on June 19, 2012

From The Heritage Foundation, I'm Ernest Istook.

Would you give money to people who publicly condemn you?

President Obama and his party are asking Wall Street brokers and bankers to write big campaign checks to Democrats. So far Wall Street has only given them about half what they gave in previous years.

This creates fascinating political theatre. In public, liberal politicians condemn financiers and businesses. But in private, they ask them for millions in campaign contributions.

Meantime, most Republicans find that big business is opening its wallets wide to them.

Then there are the businesses that want to milk the tax code, or have their hands out for federal subsidies or contracts. People from those companies often give freely to some in each political party—namely the ones who play the crony capitalism game in Washington. Too many people in office do just that—in both parties.

From The Heritage Foundation, I'm Ernest Istook.