Big Business and Democrats

The average voter will probably hear a lot this election year trying to tie Republicans to Big Business.  For instance, Democrats have already attacked anyone opposing the so-called "Wall Street Reform" as being a puppet of Wall Street.  What you might not hear, but should know is that:

• Big Wall Street players, like Goldman Sachs, love the new Wall Street regulations, and have had a role in crafting the legislation.
• Wall Street is giving plenty of money to the campaigns of Democrats, including those supposedly "fighting Wall Street."
• The Wall Street Reform creates a permanent bailout authority.
• The legislation preserves the status quo.
• The legislation exempts Fannie Mae or Freddie Mac - the entities most responsible for financial crisis (or course, that's what happens when those who pushed Fannie Mae and Freddie Mac to buy up bad credit and denied the two giants were in trouble write the new bill). 
  
• The reform would tax commercial  banks and to support big hedge funds, and will largely help the larger banks.

You will also hear rhetoric that Republicans love Big Oil, especially BP.  But wait, are we talking about:

• The same BP that "lobbied for tax hikes, greenhouse gas restraints, the stimulus bill, the Wall Street bailout, and subsidies for oil pipelines, solar panels, natural gas and biofuels?"
• The same BP that gave more money to Obama than any other candidate, then supported his agenda?
• The same BP that gave millions to environment groups  - including Pennsylvania's enviro-lobbyists PennFuture - and funded the US Climate Action Partnership?

It is important to note that there is a difference between Big Business and Free Enterprise, and it is often the case that Big Business loves Big Government.

This is such an important fact about government rent-seeking, yet so often misunderstood and distorted, that I will repeat: Big Business loves Big Government.  And again: Big Business loves Government