The Hill reports that Washington Democrats see things going their way, and want to put the pedal to the metal: Sensing momentum, Senate Dems don’t want to ease up. Sure, that makes sense. They want to drive their approval rating down into single digits by passing cap-and-tax, the Union Thug Empowerment Act, and so on.
Meanwhile, the smart money–such as it is–goes elsewhere. The Washington Post reports: Corporate PACs shift giving from incumbents to GOP:
Corporate America is gambling on the minority in its political giving this year, assuming that Republicans will win big in the November midterm elections, an analysis of campaign finance reports shows.
The pattern represents a distinct change from a year ago, when Barack Obama was sworn into office and Democrats took control of Congress. Back then, corporate political action committees made a shift to the Democrats, giving 58 percent of their donations to the party. So far this year, only 48 percent of the contributions from big business are going to the Democrats.
The shift in political giving represents a calculated bet that Republicans may regain control….
In today’s world, large companies are like Europeans of an earlier era, keeping various flags in their closets that they can fly, depending on which marauding army passes through their town. They are, for reasons of self-preservation, both a sensitive and a steely-eyed barometer. It’s good to see that they don’t share the Democrats’ conviction that voters are hungry for more far-left policies.