Quote (thundercock @ 17 Jul 2021 03:08)
Whoa, these are very different things you're referencing. Shouldn't you be looking at corporate money instead of total money? Competitive and/or symbolic races are going to raise a ton of money no matter what but that doesn't really address the statement that Republicans are the party of big business.
It's kinda hard to disentangle the corporate donations in specific races from the race's topline numbers. In general, PAC spending has lost importance in recent cycles.
What I found interesting is the category of "outside spending" in presidential races. In 2012, outside spending favored Romney over Obama by $300m, but in 2016 and 2020 it flipped completely and outside spending broke massively against Trump.
I couldn't find the same data for congressional races.
Quote
The share of small donor money among a candidate's total is a very flawed proxy for grassroots support vs support by big business. In recent years, Democrats had built a fundraising juggernaut with ActBlue, and Republicans have only begun to close this gap with WinRed. When it is much easier for Democrats than Republicans to donate small money to your preferred candidate, the higher small donor share for Democratic candidates only has limited meaningfulness.
Quote
Looking at individual companies doesnt tell us all that much about the overall lean of corporate America unless you create a list with all Fortune 500 companies. It's not exactly surprising that an arms manufacturer like Lockheed Martin favors the GOP, just like it's not surprising that a tech company like Google favors Dems.
https://www.opensecrets.org/orgs/alphabet-inc/recipients?id=D000067823Or look at Walmart, which includes a sizeable share of PAC donations and also showed an overall Dem lean:
https://www.opensecrets.org/orgs/wal-mart-stores/recipients?id=D000000367Back in 2016, Walmart was still leaning Republican:
https://www.opensecrets.org/orgs/wal-mart-stores/recipients?toprecipscycle=2020&id=D000000367&candscycle=2016