2016 U.S. Elections News and Updates: Corporate Money Playing a Shadowy Role?
By Alexandra Park | Apr 10, 2016 09:32 AM EDT
The 2016 U.S. elections is on its way and yet many speculations have risen over it. It has been reported that corporate money is playing a shadowy role for the upcoming polls.
Given the rising competition for power and dominance, even business entities are scurrying over it as well. Moreover, it goes without saying that corporate supremacy of political spending across all levels of government is skyrocketing at such immense speed. In line with that, a former report from US News, "Casino magnate Sheldon Adelson, billionaire investor George Soros and hedge fund manager Robert Mercer have grabbed headlines so far this election with seven- and eight-figure donations to political super PACs."
It stands to reason that in the United States, half of the nation's states are allowing companies to throw in their resources directly to candidates, and owing to that, more and more conglomerates are turning to the states for the attainment of their political plans and the advancements of their business empires. In the 2014 election cycle, business interests spent a staggering $1.1 billion on state candidates and committees, and by comparison, in the same period labor groups spent $215 million and ideological or single-issue groups spent $137 million, as noted by the same post.
Meanwhile, given the connection between business and elections, these two sectors are always interlinked in a battle for dominance and supremacy. For companies, having placed their mark in the electoral process and rendering money offers them more stability and security for the coming days. However, it is not an assurance that presidential hopefuls and companies are working collaboratively. To confirm the latter, Ford and Donald Trump were locked in a heated argument over the decisions of corporations and how it can benefit the American populace, as noted by Jobs & Hire.
It remains uncertain for the upcoming 2016 U.S. elections. Also, it remains discreet on whether corporate money does play a shadowy role in the direction and outcome of the polls, but for the U.S. elections, the battle is still on for Donald Trump, Hilary Clinton and Sanders, and the bet is still unknown for them all.
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