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WALMART Boss Gives Big to Obama

Tuesday, October 23, 2012

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Michelle O Walmart

This is at first surprising for a couple of reasons. First, the Waltons tend to be Republican. Second, the conventional wisdom is that megacorps like Wal-Mart are a Republican thing.

But Sam Walton gave the maximum $30,800 to the Obama Victory Fund in 2008, and $40,000 to the OVF this election.

Policy-wise, there’s plenty of reason for the Waltons to like Barack Obama:

  1. Wal-Mart endorsed the employer mandate in ObamaCare, which gives Wal-Mart an advantage by crushing smaller competitors.
  2. Wal-Mart has profited from Dodd-Frank, which fixes the price Wal-Mart has to pay banks for processing debit cards.
  3. Wal-Mart has lobbied for and profits from higher minimum wage.

So, yes, Mitt Romney is cozy with Big Business and big donors. But don’t pretend Obama is any different.

 

Post Continues on washingtonexaminer.com

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