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Big Business Is Not Conservative

mjohansen Wrote: Oct 23, 2012 5:37 PM
Big business is naturally liberal because it is to their advantage to be liberal. Some leaders of big business may be conservative out of principle, but not out of self-interest. Businessmen may complain about regulation, but ultimately, most regulation helps big business: they can afford the lawyers and consultants to navigate the regulatory maze, while their small competitors cannot, and big businesses can afford to have lobbyists to steer regulations in directions that help them, or at least harm them less than their competition. The government often decides that a business is too big to be allowed to fail. You never see comparable bailouts for Fred's Donut Shop. Etc.
Stephen Moore, of the Wall Street Journal's editorial board, reported Friday that the Republican candidate for the U.S. Senate from Arizona, Congressman Jeff Flake, has little support among some powerful big businessmen in Arizona:

"In his razor-tight race for Arizona's open Senate seat, Republican nominee Jeff Flake -- a six-term U.S. congressman -- recently met behind closed doors with about a dozen leading businessmen in the state, including two powerful and respected CEOs: real-estate developer Mike Ingram and former Phoenix Suns owner Jerry Colangelo.

"Both businessmen supported Mr. Flake's opponent in the Republican primary (Mr. Flake won by 40 points), and both are...