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1 alinuxguru  Mon, Jun 11, 2012 9:25:42am

I agree with the premise, but not with the conclusion.

Corporate Political Giving does buy you your candidate. Look at Wisconsin. Scott Walker is bought and paid for. Political giving buys you the candidate you want.

Unfortunately for the owner of Scott Walker, the economic and market repercussions of his incompetence are negative.

2 Political Atheist  Mon, Jun 11, 2012 10:04:17am

re: #1 alinuxguru

Wisconsin is one incident, and it takes rigorous study to separate and account for all the factors.

Money famously fails many candidates. Well funded propositions fail here often. Remember Meg Whitman becoming the California Governor? Me neither.

3 aagcobb  Mon, Jun 11, 2012 6:26:06pm

"the study found that corporate political giving is positively associated with market performance for firms in highly regulated industries."

Surprise, surprise.

4 Varek Raith  Tue, Jun 12, 2012 8:32:11am

They still dump enormous sums of money and it still saddles voters with ideologues and fools. I don't care that in the end it doesn't 'pay' for them. We still get screwed.

5 The Ghost of a Flea  Tue, Jun 12, 2012 11:44:49am

It seems like they're saying that corporate giving doesn't necessarily pay out the investors.

But not all corporate giving/lobbying is for reasons simply defined in cost/benefit financial terms.

Also, this line

Contrary to these findings, the study found that corporate political giving is positively associated with market performance for firms in highly regulated industries.

begs a lot of questions about the mechanism by which that association occurs. If we're looking at corporate lobbying to erode regulations (which would temporarily boost share worth and/or dividends, et cetera), then that associate is a clear demonstration of the benefit of lobbying/electioneering.


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