So, We know where Cllinton SPENT Her money…
But where did she get it? I decided to go looking and see what I could find. It is all a matter of public record, if you want to spend hours looking, but I was curious. I got this information from Project Vote Smart. The data is attributed to spanning the years 1989-2008. What it doesn’t tell me is how much is current for this campaign. Some of the more interesting contributors are as follows.
Formed in 2000 when Bell Atlantic bought GTE, Verizon is among the nation’s top phone companies and is the No. 2 wireless provider, after Cingular. One of the “Baby Bells” that control the local phone market, Verizon has spent the last several years fighting to allow the Bells to enter the long-distance market, where it would expand its profitable broadband Internet services. Verizon acquired MCI, formerly WorldCom, in 2005, expanding its reach to nearly 49 million access lines in 28 states and Washington, DC, according to Hoovers. The company also has nearly 18 million US long-distance lines. Verizon has been lobbying to secure legislation that the telecommunications companies believe will drive down rates and add hundreds of channel choices by allowing states to issue all television licenses. Recent legislation in the House would allow national cable franchises to be awarded to telecom companies like Verizon. The cable industry complains this would allow telecoms to unfairly cherry-pick rich suburbs. $15,983,173
General Electric is one of the world’s most diverse companies, dabbling in virtually every industry under the sun. Among other things, it manufactures aircraft engines, locomotives, household appliances, light bulbs and plastics. It builds and operates nuclear reactors, while its consumer finance arm ranks as one of the biggest financial services companies in the nation. GE is also the parent company of the NBC television network. With so many subsidiaries offering so many different products and services, it’s no surprise that GE keeps close watch over everything Congress does, from defense appropriations to campaign finance legislation and its effects on broadcasters. $14,564,258
Bank of America
Bank of America is the third largest bank in the country, with locations in 21 states. In addition to traditional banking services, Bank of America also offers credit cards through its subsidiary, BA Merchant Services. The company lobbies on a number of financial issues, including proposed changes to privacy laws. It is also pushing for a bankruptcy reform bill that would force consumers to repay at least some of their debts. $14,442,570
One of the so-called “Baby Bells,” the four companies that provide regional phone service across the country, BellSouth operates in nine southern states, including Florida, Georgia and Mississippi. BellSouth has also teamed up with another regional phone company, SBC Communications, to create Cingular Wireless, the No. 2 mobile phone company in the nation. BellSouth is also trying to expand into the high-speed Internet market and, together with the other Baby Bells, is lobbying Congress to lift regulations that make it harder for them to offer DSL service. $14,383,477
Deloitte Touche Tohmatsu
Deloitte & Touche is one of the remaining Big Four accounting firms and once offered its clients one-stop shopping for accounting, consulting and other financial services. But the collapse of Enron and its resulting fallout for the accounting industry forced the firm to rethink its business strategy. In spring 2002, Deloitte & Touche announced it would spin its consulting business into a separate company. Like other firms, however, the company has continued to lobby against bills that would strengthen oversight of the industry and further restrict the auditing/consulting relationship between firms and their clients. Yet the industry’s troubles continue to mount. In September 2002, federal investigators began to probe Deloitte & Touche for its role in a bookkeeping scandal at Adelphia Communications, one of the firm’s biggest clients. $13,222,901
Merrill Lynch is one of the nation’s leading investment banks, providing its clients with everything from mutual funds and insurance to stock brokerage and investment consulting services. Over the years, the company has been a dominant voice in efforts to deregulate the financial services industry. Lately, however, the company has been putting out fires in its own backyard, after two major clients—Enron and ImClone—fell prey to corporate finance scandals. Congressional investigators have launched an investigation into the two companies’ troubles. $12,935,465
Shortly after accounting giant Arthur Andersen got caught up in the Enron scandal in January 2001, PricewaterhouseCoopers and the other big accounting firms swung into action to prevent additional federal regulation of the accounting industry. They were successful—until WorldCom’s accounting troubles came to light five months later. Shortly thereafter, an industry used to getting its way over the past decade or more was slapped with legislation prohibiting accounting firms from offering consulting services to their audit clients (a practice that got Arthur Andersen into trouble) and creating an independent regulatory board to oversee accounting practices. As the world’s largest accounting firm, Pricewaterhouse stands to lose the most by having to sell off its consulting arms. How this will affect the company’s clout in Washington remains to be seen. $12,652,759
Credit Suisse Group
Credit Suisse First Boston is one of the world’s largest securities firms. It advises and invests in virtually every industry affected by federal legislation, including oil and gas, telecommunications, electric utilities and media companies. The company also has a major stake in the future of the stock market through its rapidly expanding online brokerage business. Credit Suisse has been one of the leading proponents of privatizing Social Security, as well as deregulating the securities industry, a move that would allow investment firms to offer up services usually available only at banks. In August 2002, after a succession of corporate scandals rocked Wall Street and Washington, congressional investigators launched a probe into alleged conflicts of interest in the firm’s dealings with Enron and Global Crossing. $10,806,487
American Financial Group
American Financial Group is a holding company for the business interests of Cincinnati financier Carl H. Lindner. Lindner and his wife are top individual campaign contributors, personally giving more than $1 million to federal candidates and parties in the 2000 election. American Financial Group owns insurance companies, sells retirement annuities, and holds a 30 percent stake in Chiquita Brands International. The company lobbies on a variety of free trade and insurance issues. $10,573,364
MBNA Corp is the nation’s top credit card company and one of the world’s biggest finance companies. The company was also the biggest campaign contributor to the Bush-Cheney ticket during the 2000 election cycle and has been one of the Republican Party’s most generous contributors over the last decade. For the last five years, MBNA has been pressing lawmakers to pass legislation that would make it harder for individuals to file bankruptcy—a bill that, if approved, stands to earn MBNA at least $100 million in additional revenues each year, according to press reports. The bank also has lobbied against legislation to protect consumer privacy rights and was a leading proponent of banking deregulation. $10,106,006
In 2001, Chevron acquired Texaco and became the second largest oil company in the United States. The company produces nearly 3 million barrels of oil a day and has operations in 120 countries. In addition to oil, ChevronTexaco also owns a chemicals subsidiary and holds a stake in Dynegy, a power company. ChevronTexaco lobbies on all energy issues, including the proposal to open up the Arctic National Wildlife Refuge to oil drilling. $9,697,951
Exxon Mobil Corp is one of the world’s biggest energy companies, involved in virtually every segment of the energy sector from coal mining and electricity to the production, exploration and marketing of oil and gas. The company long has enjoyed a close relationship with Congress, successfully lobbying to gain commercial access to federal lands as well as the rollback of several Environmental Protection Agency initiatives deemed unfriendly to the oil industry. Perhaps the company’s biggest coup, however, was winning federal support for its very creation. In 1999, lawmakers were initially hesitant to allow Exxon to purchase Mobil because of antitrust concerns, but after heavy lobbying from both sides, not to mention the support of President Bill Clinton, the merger was approved and the nation’s No. 1 supplier of gasoline was created. As oil prices have soared, so have Exxon Mobil’s profits and executive salaries. $9,462,044
GlaxoSmithKline is one of the world’s leading pharmaceutical companies, the producer of best-selling drugs like the antidepressant Paxil and the asthma drug Flovent. Like others in the industry, the company’s contributions have skyrocketed in recent years as Congress has debated whether drugmakers should face increased federal regulation, including proposed price controls on the cost of popular prescription drugs. At the same time, GlaxoSmithKline and others have lobbied for patent extensions on their drugs, thus preventing generic knockoffs that could be more affordable for consumers from entering the market. The company also has pressed for grants for increased research and development into new drugs, increased trade with China and lax rules for prescription drug advertising. $8,980,664
Formerly the Prudential Insurance Company of America, the firm famous for its Rock of Gibraltar logo is the top life insurer in the Unites States. Prudential also deals in property and casualty insurance, financial services, and real estate brokerage, among other services. Prudential was one of several insurance companies in support of the 1999 banking reform bill, which opened the doors for banks and insurance carriers to broaden the scope of their business. Prudential also has joined in efforts to defeat managed care reform, which would give patients broader rights to sue their health plans.
American International Group
American International Group (AIG) is a leading provider of property and casualty insurance in America. The company is also one of the few firms willing to offer terrorism insurance after September 11, although its policies are limited. AIG is asking Congress to pass legislation that would help pay for any insurance claims resulting from future terrorist attacks. AIG also sells life insurance abroad and has lobbied Congress on expanding free trade agreements with numerous countries, including China, India and Chile. $8,773,585
There was a time when telecom giant MCI was concerned primarily with issues such as competition in the long distance and broadband markets, Internet taxes, and reform of the Federal Communications Commission. That was before the company, then known as WorldCom, was found in the summer of 2002 to have overstated its earnings by $11 billion. The one-time No. 2 long-distance carrier in America faced a Securities and Exchange Commission investigation, dramatic reductions in its workforce and a bankruptcy filing. When it emerged from bankruptcy, it resurrected its former name, MCI. But not for long. The company agreed in March 2005 to a takeover by Verizon Communications. $8,097,822
Eli Lilly & Co
Eli Lilly & Co is one of the nation’s leading pharmaceutical companies. While the company has played a role in developing a number of well-known cancer-fighting drugs and treatments for all kinds of ailments, it’s most famous product is Prozac, one of the world’s best known antidepressants. Over the last decade, the company spent millions of dollars lobbying Congress in hopes of extending its patent on Prozac and some lawmakers even attempted to insert last-minute provisions to omnibus spending bills to grant the company’s wish. Generic drugmakers prevailed, however, handing Eli Lilly one of its few legislative losses in recent memory. The company, which favors Republicans with its contributions, has joined others in the drug industry in continuing to fight for patent laws favorable to pharmaceutical companies. $8,081,557
Metropolitan Life Insurance (MetLife) is one of the biggest insurance companies in the nation. It sells life and property insurance, including home and auto coverage, as well as other financial services to businesses and individuals. MetLife was one of the biggest proponents of a banking deregulation bill passed by Congress in 1999, which allowed insurance companies, banks and other members of the financial sector to delve into each other’s line of business. In the years since, the company has slowly evolved into a one-stop shopping supermarket of financial services, and has continued to lobby in favor of legislation that would keep that progress moving forward. Following the September 11 terrorist attacks, MetLife joined other insurance companies in lobbying for legislation that would make the government financially responsible for claims in the event of future attacks. $8,012,255
CSX Corp is one of the nation’s biggest freight companies, best known for operating the largest rail system in the eastern United States. In recent years, the company has moved to diversify, expanding into sea transport and investing in major real estate. Its properties include the Greenbriar Resort in West Virginia, a former nuclear fallout shelter for members of Congress. The company’s bread and butter, however, continues to be its rail line, and over the years, CSX has lobbied heavily to protect its interests. Aside from typical issues, like transportation subsidies and the question of fair compensation for owners of rail lines, CSX has lobbied heavily against efforts by Congress to force rail operators to upgrade their lines. The company also has been a major proponent of tort reform. In recent years, the company has been on the losing end of several civil suits filed after rail accidents, thus forcing the company to ante up millions in punitive damages. $7,945,460
Archer Daniels Midland
Archer Daniels Midland is one of the world’s largest agribusinesses. The company owns nearly 500 plants in the United States that process oilseed, wheat, corn and other products. ADM is also the leading producer of ethanol, a fuel additive derived from corn. ADM consistently supports efforts to increase the amount of ethanol used in the country. ADM is also involved in the movement to lift the economic embargo on Cuba, making it easier for the company to sell food there. $7,917,464
American Council of Life Insurers
One of the most powerful lobbying groups on Capitol Hill, the American Council of Life Insurers represents 400 companies that sell 75 percent of all life insurance policies in the country. The council has banded together with other financial institutions to form the Financial Services Coordinating Council, which lobbies Congress uniformly on privacy regulations, pension reform and tax issues. $7,158,915
Bristol-Myers Squibb is one of a handful of giant companies that dominate the drug industry. The company develops drugs to combat cancer, heart disease, stroke and other related illnesses. Prescription drugs make up the bulk of its business, but Bistol-Myers also sells over-the-counter medications such as Excedrin. Together with the rest of the pharmaceutical industry, Bristol-Myers has lately been defending the high cost of its prescription drugs, saying the cost is necessary to recoup research expenses. The company has lobbied against efforts to add a prescription drug benefit to Medicare, to expand generic drug use, and to allow importation of cheaper pharmaceuticals from Canada. $6,932,655
At one time, the energy giant Enron was one of the biggest companies in the world, dealing in everything from natural gas production to telecommunications. In 2001, the Houston-based firm collapsed after accounting improprieties made public revealed that the company’s booming financial success wasn’t what it seemed. Congressional investigators continue to probe what happened at Enron and whether it may have benefited from its close ties to the Bush administration. Former Enron chief Ken Lay was a major fund-raiser for the Bush-Cheney ticket during the 2000 election cycle and reportedly played a key role in the drafting of Vice President Cheney’s subsequent energy policy. Among the company’s other recent lobbying issues: health care reform, electricity deregulation and free trade with China. $6,600,757
Andersen Once a member of the “Big Five” accounting firms, Andersen shredded its own future at the same time it shredded Enron-related documents on the eve of a federal investigation into the bankrupt energy giant. Now convicted of obstruction of justice in the Enron case, Andersen has lost its clients, staff and reputation. In the past, Andersen lobbied Congress against any regulation of its industry, including a ban on accountants acting as consultants to the same companies they audited. Andersen was both Enron’s auditor and its consultant. Andersen is the collective name for Arthur Andersen and the international firms that were part of Andersen Worldwide SC. $6,290,362
Traditionally focused on finding and selling oil and oil-based products, British Petroleum (BP) moved “beyond petroleum” by merging with Amoco in 1998 and acquiring Atlantic Richfield (ARCO) soon after. These companies helped boost BP’s natural gas production to 38% of output, and made it a refiner of more than 2.8 billion barrels of crude oil a day. BP is busy at the pump, too, operating nearly 16,000 gas stations in the U.S. BP is also a major producer of petrochemicals. The company has been extending into alternative energy technologies, primarily solar, but BP knows what fuels profits. Its lobbying focuses on tax incentives for oil and gas production, opposing mandatory limits on greenhouse gas emissions and following U.S. trade relations and policy in the Middle East. Through membership in a trade association known as the Organization for International Investment, BP has lobbied to gain exemptions from U.S. corporate law reforms. The corporation has withdrawn from a coalition advocating for drilling in the Arctic National Wildlife Refuge, but BP continues to seek access to the area. $5,705,095
France’s Vivendi, the onetime water company, became a media giant with its 2000 purchase of Canada-based Seagram Co. Vivendi sold off Seagram’s beverage business, leaving the new Vivendi Universal with the world’s largest music label, now known as Universal Music, and substantial film and television holdings. Vivendi Universal exited the water and publishing businesses in 2002 before selling Universal Studios to NBC in 2004 in exchange for a 20% share of the resulting NBC Universal. Vivendi owns Canal+, France’s largest pay TV provider and a majority interest in SFR, a major European mobile phone company. Other notable properties controlled by Vivendi include mp3.com, the Interscope, Geffen, Island and Def Jam record labels, and Vivendi Games. Vivendi lobbies for intellectual property protection for its online music, and closely monitors Federal Communications Commission content restrictions and media-related tax provisions. $4,043,325
Just in case you are wondering what TORT REFORM IS? Wikipedia gives the following definition: Tort Reform: The terminology tort reform describes a change in United States civil law system to improve litigation efficiency or reduce litigation’s adverse effects on the economy.
While the phrase “tort reform” might imply any change in tort law or procedure, the commonly understood use in political and academic arenas describes a movement to limit tort litigation and damages. It does not include reforms that would expand liability, such as laws that create new causes of action or that increase damage awards. The term is also commonly applied to a political movement that advocates several such changes.
Did you notice that there was a lot of Big Oil, Big Pharma, and Big Financial Groups in this list? I also noticed companies NOT from this country. And I only put in here the most interesting ones. There were a lot more contributors and this list just came from the top 100 contributors. Can you say SPECIAL INTEREST? Oh, and the above list doesn’t include the top 50 PAC contributors whose totals here represent contributions to federal candidates from political action committees representing the listed organizations. It does not include contributions to political parties either. And it doesn’t include *soft money* or contributions from individuals. Wow, that’s a lot of money!!! And Ms.Clinton had to put in 5 million of her own?
So, I thought I would check out Ms. Clinton’s voting record to see…..
Stay tuned for the rest of the story………..