A report issued by the Sunlight Foundation, a government
accountability group, found that for every dollar the nation’s most politically
active companies spent on political influence, they received $760 from the
government in the form of federal business and support. In total, the yearlong
study reported that 200 of the country’s top campaign donors spent $5.8 billion
on political lobbying and campaign contributions between 2007 and 2012 and
received $4.4 trillion in return. By contrast, the federal government paid the
nation’s 50 million social security recipients $4.3 trillion during the same
time period.
In the Citizens United case, the Supreme Court ruled in
their majority decision that corporate spending on federal elections would not
“give rise to corruption or the appearance of corruption.” The Sunlight
Foundation’s study tested the Supreme Court’s conclusion and instead found that
political spending is just about the best investment a company can make in
America. Campaign spending in the 2012 elections was unprecedented, totaling an
astounding $6.3 billion, according to
the Center for Responsive Politics. Spending on the 2014 elections, at $4
billion, made it the most expensive midterm election in history.
Of the 200 companies studied, the report identified 29
companies that received 1,000 times more federal money than they spent on
campaign contributions and political lobbying. Meanwhile, 102 companies
received at least 10 times more money than they invested in politics and 138 of
the companies saw a financial return that was greater than their investment.
Banks were the biggest beneficiaries of Washington policies
due to the enormous bailouts that helped Wall Street weather the 2008
recession, even while many homeowners suffered due to the reckless banking and
investment practices that caused the collapse. Weapons manufacturer Lockheed
Martin, which spent $8.4 in contributions and $84.1 in lobbying, received $332
billion in federal business and support, making it the largest recipient of
federal business. The pharmaceutical company McKesson and the wealth management
firm Carlyle Group also made the list. The report found that out of the $3
trillion in contracts the federal government issued for goods and services, the
top 200 political contributors received one-third of that money.
Other financial benefits are harder to quantify, the report
admits. For instance, many companies save by influencing trade agreements,
labor and environmental regulations and tax codes. For instance, the report
cites tax provisions that save health insurance companies and healthcare providers
tens of billions of dollars. Meanwhile, WalMart, the company that put out food
bins in its break rooms this holiday season to be donated to its low-wage
workers, acknowledged in a filing with the SEC that a reduction in the federal
food stamp program could negatively impact the company’s $476 billion yearly
earnings.
Perhaps the above s why a whole host of polls, from networks
and news organizations and nonprofit groups, show large majorities of
Americans, year after year, saying that the country is on the wrong track. Major
corporations pay no taxes. Big Oil corporations foul our water and air and land
and suffer no consequences. Big Ag can spread deadly pesticides and herbicides.
Big Pharma hold back research revealing the dangers of their drugs until their
patents run out. Nothing is done.When
will we the People say, "I'm mad as hell, and I'm not going to take it any
more"? When?
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