Skip to comments.Wal-Mart boss Sam Walton funding Obama big time
Posted on 10/22/2012 3:47:27 PM PDT by Evil Slayer
Can we stop pretending that Barack Obamas candidacy is some grass-roots uprising?
Obamas campaign has outspent Romneys campaign. The Democratic National Committee has outspent the Republican National Committee. While Romneys SuperPAC (Restore our Future), has outspent Obamas SuperPAC (Priorities USA), that $40 million Romney SuperPAC edge doesnt come close to making up for the Obama campaigns $180 million edge.
There is legally undisclosed spending going on here, and theres reason to believe Romney benefits from more of it than Obama, but thats not conclusive, and we dont know how big Romneys edge is in that category.
Obama argues that his fundraising success comes from small donors, but thats not really true. One out of every five Obama dollars comes from the campaigns biggest bundlers, the Center for Pubic Integrity reports. Those bundlers include the likes of Pfizer lobbying chief Sally Susman and financier Michael Kempner of the MWW group.
A full 85 percent of Obamas SuperPAC money comes from his 20 largest donors (compared to 70 percent of the money raised by Romneys SuperPAC), according to Russ Choma at the Center for Responsive Politics.
My favorite detail, though, is this Washington Times report by data hound Luke Rosiak: Wal-Mart Chairman Sam Walton has apparently given big to Obamas SuperPAC.
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, theres plenty of reason for Sam Walton 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 cards.
(Excerpt) Read more at washingtonexaminer.com ...
Like I was inofrmed yesterday, Sam Walton is dead.
It’s his evil heirs.
Show Walmart how much we appreciate it. Stop doing business with Walmart. If you keep giving your money to those how are aligned against you, you we always come up on the short end.
I never liked Wal-Mart too much. Of course if Obama gets another 4 years, all of us will be poor and only be able to afford to shop at Wally World and nowhere else and only eat at McDonald’s that are located in most Wal-Marts.
I avoid the place like the plague.....
Chances this "donation" is really a promise from Obama that they will not be sued again as long as they "pay up."
Show Walmart how much we appreciate it. Stop doing business with Walmart. If you keep giving your money to those how are aligned against you, you will always come up on the short end.
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S. Robson Walton
Born October 28, 1944 (age 67)
Residence Bentonville, Arkansas
Citizenship United States
Education University of Arkansas
Columbia University School of Law
Occupation Chairman of Wal-Mart
Known for Walton family fortune
Net worth Increase US $21 billion (est.)
Spouse(s) unknown (div.), 3 children
Carolyn (div.), no children
Parents Sam Walton, Helen Walton
Samuel Robson “Rob” Walton (born October 28, 1944) is the eldest son of Helen Walton and Sam Walton, founder of Wal-Mart, the world’s largest retailer. He is currently (as of 2012) chairman of the worldwide company. According to Forbes, his net worth was $21 billion as of 9 March 2011.
Walton attended The College of Wooster and graduated from the University of Arkansas in 1966 with a bachelor of science degree in business administration. He received a juris doctor degree in 1969 from the Columbia University School of Law in New York City. Walton is also a trustee at The College of Wooster.
After graduation Walton became a member of the law firm which represented Wal-Mart; Conner and Winters in Tulsa, Oklahoma. In 1978 he left Tulsa to join Wal-Mart as a senior vice president and in 1982 he was appointed vice chairman.
He was named chairman of the board of directors of Wal-Mart on April 7, 1992, two days after his father’s death, and still maintains that title.
(This poor reporting confused a bunch of FReepers.)
Been looking for a good reason to boycott Walmart. Let’s have the rest of the list, who else is pulling this crap.
Interesting, democrats not only vote when dead, but they donate too!
He’s comfortable the status quo he gets with oblunder on China.
Also the worse the economy is the more people stretch their dollar shopping at walmart.
Certain companies like Walmart get endlessly hammared with bogus lawsuits from the libbers.
McDondalds is another one.
You saw how the homos hammared Chic-fil-a.
Its the same thing they did to Gingrich..Palin..Cain.
Rich people vote for Democrats. That’s the way it is.
No mention of food stamp money, billions end up in Walmart’s coffers, no doubt.
He and his dad don't see eye to eye politically.
Funny how the libs always trashed Walmart in the past now they are in bed with them figures.
I prefer Meijer stores. They’re competitively priced and there are two of them near me. Unfortunately they’ve remained a regional store mostly in the midwest.
Horrors! An EVIL UNGRATEFUL CHILD!
My daughter is good friends with one of the them and I’ve met them through her.
Nice folks, but I didn’t know at the time that they were democrats or I would have said a whole lot....LOL.
Somewhat surprising — since in the past Robson Walton gave almost exclusively to Republican candidates. There are several possible explanations — it could have to do with China, or could be the equivalent of giving a mugger $20 to avoid worse things happening. With a net worth of $21 billion, giving $1 million is the same as a simple millionaire giving $47.62.
I buy my scripts at Walmart.
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