Or at the very least, profits come above democracy and its values for almost half of the Fortune 500 companies, who contributed more than $14 million to the 147 congressional Republicans who voted against certifying the 2020 election results. The five largest defense companies — Lockheed Martin, Raytheon Technologies, Boeing, Northrop Grumman and General Dynamics — contributed a total of nearly $2 million to Republicans who voted against certifying the 2020 presidential election results, and that doesn’t include contributions to so-called Super PACs that can fund independent campaigns for or against issues or individual candidates.
After brief “pauses” in contributions, by early 2022, the political arms of these corporations were back in business supporting those Republicans, because they need those government contracts, which is something I don’t quite understand, given that, in many cases, there’s almost no one else who could develop and build those expensive defense procurements.
Corporate donors and billionaires have poured hundreds of millions of dollars into Political Action Committees theoretically not affiliated with any political party or candidate, but that’s a legal fiction. The PACs spending millions of dollars and running night-and-day attack ads here in Utah against the independent candidate for Senate [Evan McMullin] while endorsing the far-right incumbent [Mike Lee] might as well be called GOP auxiliaries.
Add to that the fact that such PACs can spend millions on advertising pushing blatant misstatements and outright lies. In McMullin’s case, he’s actually a moderate Republican and member of the LDS faith who’s anti-abortion – but the PACs portray him as ultra-liberal and pro-abortion because he said he voted for Biden over Trump.
In just the mid-term elections, oil and gas industry Super PACs have poured over $300 million into ads supporting Republican candidates to the House and Senate. Eight Republican billionaires, all with ties to corporate, finance, or tech industries, have poured nearly $400 million into supporting Republican candidates.
At the current pace of spending, campaign spending for the mid-term elections will exceed $9 billion, the vast majority of that money coming from Super PACs.
Why all that spending? Because profits come before people or the national interests…and they’ll continue to do so as long as corporations and billionaires can spend unlimited amounts on their so-called unaffiliated campaigns.