It is interesting that the person who always slams big business any chance he gets has received more in campaign contributions than any of the Republican candidates for president. Of course this is referring to President Barack Obama. According to Bloomberg BusinessWeek, Obama has already received $5.6 million from executives. The leader in the Republican field is Mitt Romney with $5.2 million.
Obama loves to demonize big business but he has no problem hitting them up for money for his reelection campaign. He wants to raise taxes on the rich, impose more regulations and how can anyone forget those evil corporate jets, this coming from a man who has the most expensive corporate jet in the country at his disposal. Does this make Obama a hypocrite or does it say something about business?
While an argument for the former can be made, it is more telling about big business. When businesses are hit with more regulations, such as EPA rules or excessive safety rules, it actually benefits large corporations, hurting their competition, small businesses, because it is the big corporations which can afford to absorb the extra costs. For example, any time there is a new regulation but on farmers people see more small farms go under while the agribusinesses get bigger. Large corporations can absorb higher taxes, they simply find more places to shelter their incomes and not reinvesting it in the business. One only needs to look back at FDR's "New Deal" to see this is exactly what happened during the Great Depression.
Either way, big corporations will come out the winners with a Republican in the oval office. Republicans grow businesses by lowering taxes and unnecessary regulations which encourages them to invest in the United States. Republicans are not fond of unions (another group of Obama supporters) which is also good for business, especially small business.
There is no question that presidential, and even senate campaigns have become big business in their own right, which corrupts the process and certainly goes against what the Founding Fathers envisioned as a people's process.
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