Why Is A Walmart Heir Supporting Barack Obama?
Democrats hate Walmart, because Walmart is not union-friendly. At least, that’s the perception. The truth is that Walmart loves big government policies, so much so that Sam Walton is supporting Barack Obama in a major way:
Wal-Mart heir Sam Walton has apparently given big to Obama’s SuperPAC.
This is at first surprising for a couple of reasons. First, the Waltons tend to be Republican. Second, the conventional wisdom is that megacorps like Wal-Mart are a Republican thing.
But Sam Walton gave the maximum $30,800 to the Obama Victory Fund in 2008, and $40,000 to the OVF this election.
This is a dirty little secret of American politics. Democrats claim to hate big business, but big business loves the big government policies that Democerats support.
Walmart, for instance, loves minimum wage hikes. Because Walmart is gigantic and can absorb the increase in payroll costs minimum wage hikes lead to. The businesses who can’t handle those increases as well are Walmart’s smaller, regional competitors.
For the same reason, Walmart supports the employer health insurance mandate in Obamacare, again because while Walmart can absorb that cost, smaller businesses cannot.
Big government begets big business, because in order to survive big government policies businesses must become gigantic.
For all the left’s talk about supporting the “middle class,” and supporting “small businesses,” they promote policies that promote larger, more monolithic business.Tags: Barack Obama, walmart