reply to post by ownbestenemy
Here are questions that I have always found compelling about corporate giving in terms of political campaigns. Open Secrets.com reports that PepsiCo
Inc. Gave a total of $63,575 to House of Representatives campaign coffers for 2010. Of that amount, $44,575 went to Democratic candidates, and
$19,000 went to Republican Representatives. More interestingly, for the Senate, PepsiCo Inc. gave $23,500 for Democratic Senators, and $27,200 for
Republican Senators. While there is close to a $20,000 disparity favoring the Democratic Representatives, in the Senate, it was the Republicans who
fared better from political donations, but not by such a disparity, and the giving for Senators seems to be about equal.
How can giving a close to equal amount of political donations to both parties benefit Pepsi? Why would a $20,000 excess to Democratic Representatives
benefit Pepsi? How does one discern the intent of Pepsi by such giving? Perhaps it takes a break down of Representatives and Senators by state. Or,
perhaps a breakdown of top donations to bottom? For the Senate, Charles Schumer (D-NY) received $10,000 from PepsiCo Inc. this year so far. Why?
Well, here's an interesting tid-bit about Senator Schumer, that directly relates to both you and I since both of us have been castigated so much for
defending the Supreme Court ruling regarding Citizen's United and have been accused of being in bed with corporations. Here is what Schumer had to
say about the SCOTUS ruling:
“I think it’s an un-American decision...I think when the American people understand what this radical decision has meant they will be even more
furious and concerned about special interest influence in politics than they are today.”
Mmmmmm, PepsiCo Inc. has given more money to this Senator than any other in 2010, yet Schumer is outraged by the SCOTUS ruling. What the hell does
that mean? Of course, Schumer is on the sub-committee on health care, as well as the sub-committee on taxation, so perhaps that's the connection.
He is also on the sub-committee on anti-trusts, competition policy and consumer rights, and given that Pepsi's only real competitor is Coca-Cola,
perhaps that is the connection. That there is a very real connection between Pepsi and Senator Charles Schumer of NY, should not be in doubt.
The next highest recipient of Pepsi's generosity when it comes to political finance is Rob Portman (R-OH), who is running for the open Senate seat
vacated by George Voinovich. It is hard to discern exactly what Pepsi sees in Portman, or what interests it has in Ohio, although there is the very
interesting anti-trust case of Schott Enterprise Inc. v. PepsiCo Inc. where Schott charged that PepsiCo in its dealings with Schott, violated Section
1 of the Sherman Act, (15 U.S.C. Sec 1) and engaged in unreasonable restraint of trade. Mmmmmmmm, that's now two connections to anti-trust.
The next highest contribution goes to Jerry Moran of Kansas, currently a Representative in the House, (R-KS), but running for the open seat of Senate
in 2010. However, in 2007-2008 election cycle PepsiCo Inc gave $9000 to Moran and in the 2005-2006 elections cycle gave Moran $2000.
Roy Blunt, (R-MO) received $4000 from PepsiCo Inc. this year, and received $1000 during the election cycle of 2007-2008. What are does all of this
mean? These are just the top four recipients of PepsiCo's generosity for political finance, all running for Senate seats. How would these
Senator's benefit Pepsi? It is clear that it is not party affiliation that is driving Pepsi's giving, so just what is it? More investigation is
clearly required.
www.opensecrets.org...
www.congress.org...
Back to you my ownbestenemy!