The Wall Street Journal recently reported a leading story “Republicans and big business are broke.” Corporate donations to Republicans fell to their lowest level in nearly a decade during the last election cycle. The U.S. Chamber of Commerce has backed several Democrats running for Congress in a close and competitive race, putting the GOP’s slim majority at risk.
The writing is on the wall: Corporate America is aligning itself with liberal Democrats, not Republicans.
This shift in corporate loyalty is the result of some bad decisions by Republicans. The GOP at a glance: a “Break Big Tech.” The election campaign and the party’s shift away from tariffs and free trade, one of the pillars of prosperity, is a concern for any free marketeer. We should have free trade with countries like China unless they threaten US security.
The real question is whether or not the GOP should seek support from increasingly disaffected corporate boardrooms. “Wake Up” Maybe it’s time for a divorce.
Big business is teaming up with big government. Democrats are passing the Biden bucks, and corporate America wants free federal money. Like field mice, the Democrats spill what scraps they have from their pockets.
Corporate security spending in Washington is at an all-time high, with hundreds of billions of taxpayer dollars funneled into the coffers of the climate change industrial complex, semiconductor companies and other Beltway bandit industries.
Principled free-market Republicans should take a hard line against runaway government spending and debt, corporate welfare programs that, like Federal Trade Commission Chairwoman Lena Kahn, increase business’ reliance on government, along with 19th-century antitrust laws. Against the self-serving Wall Street doctrine “Too Big to Fail.”
If corporate America opposes that agenda, don’t let the door slam on your fan on your way out of the party.
After all, the alliance between big business and big government is simply what it used to be. “fascism”
What is the alternative for the GOP? It’s obvious. Republicans should be the party of the 80 million small business men and women who employ more than 60% of our workforce. Alfredo Ortiz, head of the network of non-essential entrepreneurs, notes that “Most small businesses don’t have PACs and lobbyists and fancy K Street Washington offices. They want to be left alone.”
He is correct. My father ran a successful small business outside of Chicago for 40 years. He worked long hours and was often gone when I was growing up. I don’t think he ever visited Washington D.C. He had a disdain for politics and most politicians. That is a fairly universal view of employers. And who can blame Washington’s lawyers, bureaucrats and politicians for their polite regulation of business or profit?
If big business wants to shut down and make peace with a party that hates enterprise, entrepreneurship, and profit, that’s a sad commentary on the state of corporate America, not the GOP. President Calvin Coolidge once said. 90% of people who come to Washington want what they shouldn’t have. Too often these days our Fortune 500 companies want your money and mine, and that’s something they shouldn’t have.