Dems Are the New Republicans
Democrats are kicking the tar out of their rivals this campaign cycle.
Oct 22, 2007 Issue
Don't take this the wrong way. But everything you know about the link between business and politics is incorrect. For nearly the entire 20th century, a simple formula held: business people like Republicans and don't like Democrats. Republican politicians and voters heartily embrace free trade and lower taxes, while Democratic politicians and their constituencies cotton to protectionism and higher taxes. Over the decades, racial, ethnic and geographic realignments altered the shape of the national parties beyond recognition.
But when it came to the wealthy, there was less movement than in the facial muscles of an over-Botoxed newscaster.
Until now. Democrats, who have never out-fund-raised Republicans in the modern political era, are kicking the tar out of their rivals this campaign cycle. Through the first half of this year, Democratic entities—congressional, presidential and party operations—raised $388.8 million, compared with $287.3 million for their Republican counterparts, according to The Wall Street Journal. In the third quarter, the top three Democratic candidates—Hillary Clinton, Barack Obama and John Edwards—raised 50 percent more money than the top four Republicans.
The Democrats' funds aren't just coming from enraged readers of DailyKos.com who chip in $20.08 via the Internet. They're flowing in from people who can afford to throw $4,000 in post-tax income into campaign coffers. You know the Reagan Democrats, NASCAR dads and soccer moms. Now we have the Fed-Up CEOs and the Angry Yuppies.
http://www.newsweek.com/id/43346?GT1=10450