Clinton bucks the trend and rakes in cash from the US weapons industry

According to this revealing his article at The Independent, Hillary Clinton is receiving more campaign donations from corporations associated with the US Weapons Industry than the current crop of Republican competitors which bucks the historical trend. This article also indicates that Obama was receiving more of these donations earlier in the campaign cycle but now these funds (and Wall Street) seem to have transferred their giving to the Clinton campaign. Here is an excerpt from the article.

The US arms industry is backing Hillary Clinton for President and has all but abandoned its traditional allies in the Republican party. Mrs Clinton has also emerged as Wall Street’s favourite. Investment bankers have opened their wallets in unprecedented numbers for the New York senator over the past three months and, in the process, dumped their earlier favourite, Barack Obama.

Mrs Clinton’s wooing of the defence industry is all the more remarkable given the frosty relations between Bill Clinton and the military during his presidency. An analysis of campaign contributions shows senior defence industry employees are pouring money into her war chest in the belief that their generosity will be repaid many times over with future defence contracts.

Employees of the top five US arms manufacturers – Lockheed Martin, Boeing, Northrop-Grumman, General Dynamics and Raytheon – gave Democratic presidential candidates $103,900, with only $86,800 going to the Republicans. “The contributions clearly suggest the arms industry has reached the conclusion that Democratic prospects for 2008 are very good indeed,” said Thomas Edsall, an academic at Columbia University in New York.

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