A recent Wall Street Journal lead article report “Republicans and big business are dead.” Business giving to the Republican Party was cut sharply in the last election cycle, lower than it has been in nearly a decade.
The U.S. Chamber of Commerce is backing a number of Democrats running for a tight congressional election, with a narrow Republican majority at stake.
It says on the wall: American companies are aligning more with liberal Democrats than Republicans. (Related: Betsy McCawgy: Businesses watch out — price controls start when the Left gets its way)
Part of the shift in corporate loyalty is due to bad decisions by Republicans. The Republican Party is short-sightedly pushing its “big tech dismantlement” campaign, moving toward tariffs and away from free trade, one of the pillars of prosperity, for any free market expert. This is alarming.
We should have free trade with countries unless they pose a threat to US security like China.
The real question is whether the Republican Party should want or need help from an increasingly “awakened” corporate board. Maybe it’s time for a divorce.
Big corporations are increasingly taking sides with big governments. Democrats hand out Biden money, American corporations want free federal money. Like field mice, they gobble up every bite the Democrats spill out of their pockets.
Corporate benefits spending in Washington is at an all-time high, with hundreds of billions of taxpayer dollars being pipelined into the coffers of the climate change industrial complex, semiconductor companies and other Belt and Road heist industries. .
Republicans, who advocate a fundamental free market, are embracing runaway government spending and debt, 19th-century antitrust laws enacted by superregulators such as Federal Trade Commission Chairman Rina Khan, and the dependence of big business on government. Conducive corporate benefits programs and the selfish Wall Street principle of “too big to fail”.
If American corporations are against that agenda, don’t run into the door on your way home from the party.
After all, the partnership between big business and big government is just one form of what was once called “fascism.”
What’s the alternative for the Republican Party? Clearly.
The Republican Party must be the party of men and women in the 80 million small businesses that employ more than 60% of the workforce. “Most small businesses don’t have he PACs, lobbyists, and fancy K Street Washington offices. They just want to be left alone,” said Alfred Ortiz, president of the Essential Job Creator Network. (Related: Alfredo Ortiz: Job numbers should inspire Congress to finally start making progress)
he is right My dad is a Chicago suburb and he ran a successful small business for 40 years. He worked long hours and left home often when I was a kid. I don’t think he’s ever visited Washington DC. He despised politics and most politicians. It’s a pretty universal attitude among employers. And given the torrent of unsolicited regulation by Washington lawyers, bureaucrats and politicians who know nothing about running a business or making a profit, who can blame them?
If big business wants to make peace with parties that hate corporations, entrepreneurship, and profits, that’s a sad commentary on the state of corporate America, not the Republican Party.
President Calvin Coolidge once said, “90% of people who come to Washington want something they shouldn’t have.” Too many Fortune 500 companies want your or my money these days, which they shouldn’t have.
Stephen Moore is a Senior Fellow at the Heritage Foundation and co-founder of the Commission for Unleashing Prosperity. His most recent book is “Govzilla: How the Relentless Growth of Government Is Embroidered Our Economy.”
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