WalMart finances DaTerminator

Once someone offer’s Arnold money, one is sure to hear “I’ll be back.”
But Wal-Marts contributions are sure to make heads turn.
Business Week reported:
“Today, Wal-Mart has become one of the most active corporations in the U.S. At the federal level, Wal-Mart is already the No. 1 corporate political contributor, giving $943,455 in the 2006 election cycle, followed by General Electric’s (GE ) $788,711 and Anheuser Busch’s (BUD ) $671,644, according to the Center for Responsive Politics, another nonpartisan watchdog.”
Earlier in the story they highlighted Arnold’s take:
“California Governor Arnold Schwarzenegger has legions of close friends, collected over decades as a Hollywood box office draw and rising political star. Yet few may consider him as dear as Wal-Mart Stores (WMT ), which gave the Republican governor $22,300 on May 15, and earlier contributed $200,000 for initiatives Schwarzenegger had supported. In addition, the company has given $300,000 to the state GOP and additional funds to local politicians, making California the biggest recipient of Wal-Mart’s political largesse.”
“The question now is: Will the governor succumb to the financial influence that Wal-Mart and the Walton family are trying to exert over his administration with their multimillion-dollar donations, and neglect a cry for help from small cities, small businesses, and workers?” asks California state Senator Richard Alarcon, who authored the latest bills.”
Why is Wal-Mart a problem? Wal-Mart’s size and political power means they can coordinate alrge government subsidies to finance their expansion.
Wal-Mart’s expansion has been demonstrated to lower wages by forcing the competition to close by offering lower prices. Wal-Mart’s employees then further cost the public by taxing the health-care system since Wal-Mart does not offer affordable health care.
But as long as he can get a few bucks, Wal-Mart will remain DaTerminator’s buddy.

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