“A Wholly-Owned Subsidiary” Of Insurance Industry
on February 25th, 2010 at 8:25 amThat’s what Democratic New York Representative Anthony Weiner just called the Republican party recently in an impassioned speech he made in the House of Representatives.
But before he rushed to the podium to perform his version of Marlon Brando in the movie “A Streetcar Named Desire” (“Hey Stella!”), he should have read the script.
“The insurance industry is spending more in this election cycle on Democratic candidates, a trend-breaking contribution pattern that puts Republicans behind for the first time since 1990.
According to statistics maintained by the Center for Responsive Politics, in the 2010 mid-term elections, Democrats have drawn 55% of insurance-related contributions, compared with 45% for Republicans — though the election is still well over a year away. Numbers could shift before the cycle ends at year-end 2010. In recent years, it was often more likely to see Democrats barely claim 30 cents of each insurance-industry dollar given to campaigns.
‘Oftentimes, people want to make sure they’re on the winning team; Democrats are far and away the winning team today,’ said Dave Levinthal, director of communications forthe center . “The very influential members of Congress right now — and of course the White House — have a D after their name. It’s not totally surprising, even for an industry that donated so heavily to Republicans, that they would flip.”
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The top three Senate recipients for insurance industry contributions — all Democrats — are Sens. Charles Schumer, D-N.Y., Chris Dodd, D-Conn., and Harry Reid, D-Nev., according tothe center ‘s research. And in the House, it’s another trio of Democrats: Reps. Melissa Bean, D-Ill., Earl Pomeroy, D-N.D., and Barney Frank, D-Mass. All have played key roles in federal insurance matters.
Hmmmmm, 55% + 45% = A 100% A Wholly-Owned Subsidiary. And your point again is??
