Friday, May 23, 2008

Show me the money!

In a sharp reversal, drug and medical device companies are giving more money to Democrats than Republicans this election season, one more sign of the campaign difficulties the GOP could face this November.

Over the past six elections, such businesses typically spent twice as much on GOP candidates; in 2002, the ratio got as high as 3-to-1.

Democrats now are holding the edge with $7.4 million in campaign contributions compared with $7 million for GOP candidates, according to the Center for Responsive Politics, which tracks political spending.

"Money follows the power," said Massie Ritsch, the center's communications director. "And it can predict power."

More

No comments: