Wal-Mart once had the reputation as a "conservative" company no
longer. Along with its support for employer-mandated
insurance to hurt its competitors, it has shifted its
campaign giving to the Democrats.
Reports National Journal:
Ever since retail giant Wal-Mart announced on June 30 that it
is embracing an employer mandate as part of health care reform,
the company has been criticized by some
congressional Republicans, the
U.S. Chamber of Commerce and
fellow retailers.
And Republicans are probably even more unhappy with the
direction of the company's political donations this election
cycle.
Like many others in the business community, the company's
campaign contributions have moved with the power shift in
Washington to Democrats from Republicans. Wal-Mart's political
action committee has doled out $108,500 to federal candidates
and parties in the 2010 election cycle, with 69 percent to
Democrats and 31 percent to Republicans, according to the
Center for Responsive Politics. See
here.
That is a switch from the 2008 cycle, when Wal-Mart gave out
$1.24 million, of which 46 percent went to Democrats and 53
percent to Republicans. The change is even more pronounced when
looking at the 2006 cycle, when the company's PAC contributed
$1.29 million to federal candidates, of which 32 percent went
to Democrats and 68 percent to Republicans.
There's nothing unusual in corporations running after the
winners. But combine that with its health care stance,
and Wal-Mart could give lessons on corporate prostitution.
About the Author
Doug Bandow is a Senior Fellow at the Cato Institute and the Senior Fellow in International Religious Persecution at the Institute on Religion and Public Policy. A former Special Assistant to President Ronald Reagan, he is author of Beyond Good Intentions: A Biblical View of Politics (Crossway).