Start shopping for cat food — the austerity crowd in Washington DC is gathering to cut the benefits you’ve already paid for. As Richard Cowan and Steve Holland of Reuters reported yesterday:
Gene Sperling, the White House senior economic official, said on the CNN program “State of the Union” on Sunday that Obama was contacting to lawmakers to talk about compromises that could include reforms to both the tax code and entitlement programs, which include Social Security retirement benefits and Medicare health care for the elderly and disabled.
An aide to Collins, a moderate, told Reuters that she spoke to Obama on Monday afternoon and they talked about “the need for a bipartisan agreement on several critical issues,” such as how to rein in the $16.7 trillion U.S. debt and the sequestration cuts.
Since Senator Susan Collins (R-Maine) is being wooed by the White House in an effort to punish the poor even further, it seems like a good time to examine who her major donors have been. It’s perhaps not surprising that many of them are wealthy investors and corporations.
Collins’s top donor was credit card colossus MBNA, which was acquired by Bank of America in 2006. Other investment banks/financial services firms contributing to the Maine Republican include “vulture fund” Elliott Management (eighth) and Goldman Sachs (11th), as well as accounting mainstay Ernst & Young (20th).
Military aerospace contractors drop plenty of money into the campaigns of the Northeastern Republican, who sits on the Senate Defense Appropriations Subcommittee. She’s received money from General Dynamics (second), Raytheon (ninth), and the Hartford, CT, based United Technologies Corporation (14th).
Collins, who was lobbied heavily from all sides on Obamacare, also received lots of attention from medical industry donors. These included health insurance behemoth Blue Cross Blue Shield (fourth); physicians’ group the American Medical Association (15th); Groton, CT, pharmaceutical megabusiness Pfizer (16th); health care trade group the American Hospital Association (17th); and Hartford, CT, managed health care corporation Aetna (19th).
Other major donors to Collins include The Wish List (third), a political action committee devoted to electing pro-choice Republican women in the Senate and House; worldwide hoteliers Marriott (sixth); telecom player Verizon (seventh); international law firm Blank Rome (seventh); massive media conglomerate Time Warner (tenth); the largest pulp and paper company in the world, International Paper (12th); package delivery corporation the United Parcel Service (UPS) (13th); and mailing and shipping company Pitney Bowes (18th).
Side note: There is no family relation (that I know of) between me and former Maine Representative Tom Allen, Collins’s Democratic opponent for the Senate in 2008.