October 16, 2012

Facebook Leaning Right? or Not?: You Decide

Interesting story - this! (excerpt from money.cnn.com: http://money.cnn.com/2012/10/16/technology/social/facebook-republicans/index.html?iid=HP_Highlight)
For the first time since 2006, the technology industry's corporate giving has doled out more to GOP candidates, $2.78 million, compared with $2.45 million to Democrats, according to an analysis by the Center for Responsive Politics.
Microsoft (MSFTFortune 500)Cisco (CSCOFortune 500) andeBay (EBAYFortune 500) have all given more to Republicans, according to monthly filings through the end of August.
Google has given out a total of $652,000 almost equally to both parties, with Republicans edging out Democrats by $500.
Facebook's corporate PAC gave entirely to congressional candidates and did not weigh in on the presidential race. One reason for heavier Republican giving could be that GOP House members outnumber Democrats.
(bold emphasis is are mine).

While there is a slight difference, we still see that the industry is more or less hedged, with only a 12-12% disparity (depending on which of 2.45 or 2.78 you use as the reference) in the political donations. Of course, money given to lobbying firms for individual legislation probably counts more but those numbers would have to be discussed another time and probably in more detail.

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