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Drudge Retort: The Other Side of the News
Friday, January 15, 2021

Low taxes and light regulation made the party popular with corporate America for decades. President Trump and his supporters have frayed those bonds.

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Tim Ryan, the chief executive of PWC, who said his firm was among those suspending donations to members who voted against certification, called for the country to come together. "I believe this is the best country in the world, and we can't let all that go to hell in a handbasket," he said. "We need to stabilize. We need certainty."

He added, "If we can't come together, can't stabilize, or if it got worse, it wouldn't be good for business."

#1 | Posted by lee_the_agent at 2021-01-15 03:07 PM | Reply

Now, in the aftermath of the deadly Capitol rampage by Mr. Trump's supporters, corporate America is turning its back on many senior Republicans, and flexing its political muscle.

One major trade group called on Mr. Trump's cabinet to consider removing him from office. Dozens of companies, from AT&T to Walmart, have said they will no longer donate to members of Congress who opposed the Electoral College certification of President-elect Joseph R. Biden Jr.

And a senior House Democrat asked big banks and other financial services companies on Friday to stop processing financial transactions for people and organizations that participated in the Capitol riot.

#2 | Posted by lee_the_agent at 2021-01-15 03:07 PM | Reply

"I can't remember a time when the business community has spoken out so strongly in opposition to an administration on so many important issues," said Rich Lesser, chief executive of Boston Consulting Group.

"It's not just a break with Trump but potentially with the Republican Party," said Richard Edelman, chief executive of the global corporate communications firm Edelman. "It's not OK what's going on in America, and businesspeople are going to hold you to account."

#3 | Posted by lee_the_agent at 2021-01-15 03:10 PM | Reply

"This thing was a little different. I mean, we had sedition and insurrection in D.C.," said Jamie Dimon, the chief executive of JPMorgan Chase. "No C.E.O. I know condones that in any way, shape or form. We shouldn't have someone, you know, gassing up a mob."

The fallout has been swift. After the president exhorted his supporters to march on the Capitol, chief executives used their strongest language to date to repudiate Mr. Trump, and some of his longtime allies have walked away. Ken Langone, the billionaire co-founder of Home Depot and an ardent supporter of the president, renounced Mr. Trump, telling CNBC, "I feel betrayed."

#4 | Posted by lee_the_agent at 2021-01-15 03:12 PM | Reply

Charles Schwab, the brokerage firm founded by a Republican who supported Mr. Trump, said it would shut down its political action committee altogether. And many companies, along with the U.S. Chamber of Commerce, have sought to punish Mr. Trump's supporters in Congress by depriving them of crucial funds.

"For those members of Congress that were involved in helping to incite the riot, and support the riot, there's going to be consequences, no question about it," said Ed Bastian, chief executive of Delta Air Lines.

#5 | Posted by lee_the_agent at 2021-01-15 03:13 PM | Reply

But for those who interfered with the certification of the election, there are no signs that big business is prepared to forgive and forget. JPMorgan said it was pausing all political contributions for six months, and Mr. Dimon, who has flirted with a run for president in the past, was unsparing in his critique.

"No one thought they were giving money to people who supported sedition," he said.

#6 | Posted by lee_the_agent at 2021-01-15 03:15 PM | Reply

oh for ----- sake they will be back when its time for another round of tax cuts

#7 | Posted by truthhurts at 2021-01-15 03:20 PM | Reply

the insurrection gives big business a better excuse for what they are doing but obviously they were going to pull back from their support of the GOP regardless.

For obvious reasons........

#8 | Posted by eberly at 2021-01-15 03:23 PM | Reply

I'll believe it when I see them following through on this.

It's easy to say now.

We'll see if it's easy two years from now during mid term elections.

#9 | Posted by jpw at 2021-01-15 04:35 PM | Reply

Those pictures are going to be around for many elections.

#10 | Posted by Twinpac at 2021-01-15 07:46 PM | Reply

How's Goya doing?

#11 | Posted by snoofy at 2021-01-15 07:47 PM | Reply

#11

I haven't heard a peep from him since that song, "Somebody that I used to know."

#12 | Posted by bocaink at 2021-01-15 08:34 PM | Reply

i;LL believe big business is breaking ranks with the Republican party when I see evidence of it, meanwhile they're still enjoying their tax cuts. F**k corporate America. They are greed f*****rs, there is not patriotism, not feelings, no sympathy, it's just greed. They will continue to support the Republicans as long as they deliver deregulation and tax cuts.

#13 | Posted by danni at 2021-01-15 08:34 PM | Reply | Newsworthy 1

"the insurrection gives big business a better excuse for what they are doing but obviously they were going to pull back from their support of the GOP regardless.
For obvious reasons........"

Obvious? How? The GOP has deregulated and cut taxes for decades but you're saying they were going to do it anyway even before the insurrection? I don't think so, I think the Republicans under Trump just went f*****g crazy and big business will need to distance themselves for a little while until the GOP can be brought back under control of the 1%. For right now it is good PR but, long term, they will be back in bed with the tax cutters and deregulators ASAP.

#14 | Posted by danni at 2021-01-15 08:51 PM | Reply

"you're saying they were going to do it anyway even before the insurrection?"

Yes. They were. How much would you give to the GOP now that they are out of power? You can expect less going that way.

#15 | Posted by eberly at 2021-01-15 09:05 PM | Reply

"How much would you give to the GOP now that they are out of power?"

Remember when a decrease in donations to the Clinton Foundation was proof of corruption... to Republicans?

#16 | Posted by snoofy at 2021-01-15 09:10 PM | Reply

16

Yes. But that's got nothing to do with this.

#17 | Posted by eberly at 2021-01-15 10:19 PM | Reply

Eberly knows what motivates business, just like when he predicted the GOP wouldn't humor Trumps election fraud claims for long

It's called rationalizing.
In the devout GOP mind it can't be their fault. It's something or someone else fault, hence the GOP hasn't made itself repugnant, it's because of something else entirely

#18 | Posted by ChiefTutMoses at 2021-01-15 10:35 PM | Reply | Newsworthy 1

Let me take a wild guess: businesses want even more pork and Republicans just can't find the money anymore for it. So now BB is pouting about it.

#19 | Posted by madscientist at 2021-01-16 09:07 AM | Reply

When love is over,
It's over and you can't go back.
When you're older,
You just keep telling yourself that.
The door is open,
Even if it's a tiny crack.
Your're up at night and wandering back.

--Veruca Salt, "Empty Bottle", Ghost Notes, El Camino Records, c. 2015

#20 | Posted by madscientist at 2021-01-16 11:28 AM | Reply

Does anybody understand the blathering from the drunken savage?

I can't.

Does anybody care what that bucket of piss says?

#21 | Posted by eberly at 2021-01-16 11:36 AM | Reply

Big business doesn't want to catch any of the blame for the insurrection even though we know that many of those same CEOs funded it through other corporate entities. They will be right back funding the GOP as long as there are taxes to cut and regulations to cancel. A corporation's only reason for existence is profit and that will not change now.

#22 | Posted by danni at 2021-01-16 02:29 PM | Reply

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