Many leaders of big business support Hillary Clinton. Last week she announced a list of 56 corporate backers. No wonder Bernie Sanders is still running against her.
Hillary Clinton always has attracted well-connected business supporters. Even before she ran for office. Remember the lucrative cattle trades when she was Arkansas first lady? That came from a local businessman who knew how important it was to have friends in the governor’s mansion.
Bill Clinton had plenty of business support when he ran for president. As New York senator she was quite friendly with Wall Street—a relationship that continued afterwards, with her being paid queenly sums for talks which probably did not emphasize how she was fighting for the common man and woman. While secretary of state corporate behemoths were generous with donations to her family foundation.
Now big business is coming out for her in the presidential race. Admittedly, not all are traditional firms. Magic Johnson, the former basketball player, made the list as Chairman and CEO, Magic Johnson Enterprises. So did Erroll Davis, retired chancellor of the University System of Georgia. State colleges are more politics than business.
What stands out among the companies are the names of those whose business depends on government regulation or largesse. It’s impossible to know what Donald Trump would do in such cases. But we do know what Hillary Clinton would do: Keep the corporate welfare flowing.
For instance, there’s Dan Akerson, former chairman and CEO of Government Motors, er, I mean General Motors. Richard Anderson, Executive Chairman of Delta Airlines, which is at the mercy of government policy at almost every point in its operations. James Bell, former corporate president and CFO of Boeing. Indeed, in the recent battle over the Export-Import Bank, long known as Boeing’s Bank, Hillary Clinton, in contrast to most of the GOP presidential contenders, stood fast for corporate profit at taxpayer expense.
There’s Robert Burt, former chairman of the Business Roundtable, which has been a steadfast supporter of corporate welfare. And Margot Dorfman, President and CEO of the U.S. Women’s Chamber of Commerce. Her group wants lots of government programs.
Another name on the list is James J. Murren, Chairman and CEO of MGM Resorts International. It’s hard to get more political than the gambling industry. Can you say support for stadium subsidies and antitrust exemption? Gary Rodkin, the retired CEO of ConAgra Foods. There are farm subsidies aplenty.
Of course, all of these executives may be backing Hillary Clinton because they believe she is most likely to bring peace to the Middle East, deter Chinese expansion, and contend with Brexit. Still, surely they, like Sen. Sanders, are aware that Clinton always has been a soft touch when it comes to well-heeled businessmen and women.
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