So clueless, Fern.
We'll see. But personally I don't think a lot of big publicly traded corporations are all that interested in spending large amounts of money on political ads for several reasons.
I just boggle.
I just legalied nudity and underage drinking in Florda a Spring break, but I don't think the kids will do it.
They'll anger half their customers
Of course As I said before and you ignored, that's why they don't donate hundreds of millions NOW with the rules and disclosure.
half (if not more) of their shareholders
Right. It's said corporations get the highest return on investment for political donation of anything - it's not uncommon to see a thousandto one and more. That'll really piiss off stockholders.
Yes, that stops them all the time, which is why they don't donate hundreds of millions NOW. Employees are contstantly quitting over political donations that benefit the company.
expenses for political ads aren't tax deductible
You are frickin KIDDING me. You said that? Oh my gosh.
"Well, We were going to put $5 million into the "freedom to blow up mountaintops" political fund that will make us a half billion, but it's not tax deductible.. Nevermind.
it would lowers the net profit thereby reducing exec and other bonuses, and would lower stock value etc.
Most profitable investment of all. Get it? It doesn't COST money. It's done to MAKE money. There's a chance not every spend gets the desired result but the benefits are enormous.
"Millions of extra dollars" sounds scary until you realize how little that is. The 2008 presidential campaign alone spent $5.3 BILLION. We've got an awful lot of races coming up in 2010, how much difference some 'millions' will make when spread that far remains to be seen.
Do you live in a cave? We ALREADY have corporoate dominance of most of our politicians.
Thast's why people's *health care* - people care about that - that's a top priority of a president with a big amoutn of political power - with 2 to 1 poitical support initially falls flat on its face.
THis makes it a lot worse.
Oh, and personally I don't like the idea of corporations running political ads.
Fern
Good. That and a few bucks gets you coffee.
The guy who got the MOST Wall Street donations in 2008 - at a time when the public was FURIOUS with Wall Street for the meltdown - the firms did not hesitate to donate over any reason you listed, he did not esitate to take the money - and you say the public wouldn't vote for him because they don't approve - he won.
All the experts predicting the corporations will much more massively dominate and underime democracy jsty have't heard your explanation.
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