The US arms industry is backing Hillary Clinton for President and has all but abandoned its traditional allies in the Republican party. Mrs Clinton has also emerged as Wall Street's favourite. Investment bankers have opened their wallets in unprecedented numbers for the New York senator over the past three months and, in the process, dumped their earlier favourite, Barack Obama. Full Story »
Posted by Chris Finnie
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While factual, the story doesn't draw many conclusions from the facts--at least not the same ones I do. The most obvious one, '"The contributions clearly suggest the arms industry has reached the conclusion that Democratic prospects for 2008 are very good indeed," said Thomas Edsall, an academic at Columbia University in New York'--they put in only as a quote from somebody else. The second most obvious is that Clinton is the "most hawkish" of the Democratic candidates. Which they ... More »
"Employees of the top five US arms manufacturers Lockheed Martin, Boeing, Northrop-Grumman, General Dynamics and Raytheon gave Democratic presidential candidates $103,900, with only $86,800 going to the Republicans. " Wow, a real bias toward the Democrats! If the author had a clue he would have noted that this represents a) less than 5% of a Hsu-full for the Democrats; b) a larger fraction of the total receipts of the Republicans than of the total receipts of the Democrats; and ... More »
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