Hmmm? Was it given out of fear or stupidity?
The Obama campaign borrowed $15 million from Bank Of America. (It was either Oct 2012 or last month). I don’t think the story has been posted on FR yet.
Walmart pays tribute to each party, But paying off Obama, it really is akin extortion.
“Hmmm? Was it given out of fear or stupidity?”
Sam Walton’s eldest son is now Chairman of the company (S. Robson Walton). He did not build the business. He is a second generation trust fund child who has a law degree and $21 billion he inherited from his father and mother. Likely he was properly indoctrinated in liberal ideology in college and law school. To maintain in status with the New York elites he is making this gift from his own pocket, not company funds.
With respect to fear, no doubt Mr. Walton has reasons for making the gift. As personally wealthy as he is, it is unlikely the administration could threaten him so the gift likely reflects a desire to ingratiate himself with the beautiful people or genuine admiration for Obama and the party.
Mr. Walton and others who are opening their wallets for Mr. Obama are fortunate the Republicans (since Nixon) will not take action to punish their opponents once elected. As one of the wealthiest men in the country, and member of the elite class, Mr. Walton will likely receive a social invitation from Mr. Romney to the White House, even though he is funding the Democrats. Same for Mr. Buffett, the leaders of the big media companies, and the CEO’s of the Wall Street Banks. Blue blood transcends politics, at least for Republicans.
Anyone who can claim that much stupidity at this late date must be of the lichen genus.
There ya’ go. Nailed it, didn’t you?
No one but the commies in office have caused Walmart more headaches and cost them millions than the Clinton and the Obama administrations, particularly the Chucky Schumer machine.
This is a deplorable bribe for relief, or the Waltons are being used in some global connection with China is just as likely. There must be more to this story than meets our eye, and none of it looks good.
It was given out of pure self-interest. Romney has vowed to get tough on China's currency manipulation and Walmart is the by far the biggest profiteer on Chinese imports.