Dragonlady
Designing Woman
Yes, in the 2020 election, all of the "corporate" money was going to the Democrats, because Donald Trump was really fucking bad for business. Aside from the tax cuts, Donald Trump was a disaster for American manufacturing, which had dropped 2009 post-crash levels in the wake of Trump's trade wars and tariffs, BEFORE the pandemic hit.
Trump lost Pennsylvania and Michigan because of his failure to keep his promises to American workers to bring jobs into those blue collar states.
Being seen as a Trump donor was really bad business for multi-national corporations. Corporate America wants political stability. Trump's instability and chaotic administration which operated at the whim of the Toddler in Chief and his need to "dominate the news cycle", made long term planning impossible.
Tearing up trade agreements when his affair with Stormy Daniels hit the papers is a case in point. Supply chain disruptions happened overnight, without warning, and left companies scrambling to deal with a whole new set of costs, and tariffs to factor into production, and a ban on steel from China and Canada. Contractors and manufacturers were left scrambling to meet deadlines and remain profitable. So they simply cut back operations and played a wait and see game.
One of the biggest reasons why companies around the world flocked to the USA to set up operations was political stability. Trump destroyed your political stability, and replaced it with economic chaos with no exit plan. Trump railed against America's "trade deficit" with the world, but under Donald Trump, that trade deficit increased by $200 billion per year BEFORE the pandemic.
The stock market doubled in Obama's first term and had tripled by the end of his second. It wasn't even up 50% under Donald Trump because of the tariffs and the trade wars. Most of the 50% increase was due to stock buy backs, not an increase in assets.
Why would corporate America donate to the candidate who destroyed American manufacturing, and set it back 10 years, allowed a pandemic to run loose, and who was basically bankrupting the nation to the benefit of his billionaire buddies?
