Big Business transfers its loyalty, money to the Democrats

Boston Globe

12/02/08

The crush of economic developments surrounding Barack Obama last week — from the promise of a large government stimulus package, to the possibility of a bailout for automakers, to the creation of a new presidential advisory panel of economists — may or may not turn the economy around. And with a credit crisis of vast proportions, the economy may be bad enough that it will be hard to judge the impact of all the government activity. But the Obama administration’s promise of swift government action to protect companies and workers is likely to achieve one result that has been unthinkable for 75 years: It will make the Democrats the party of Big Business...

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Informant: Thomas L. Knapp



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