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GOP Is Losing Grip On Core Business Vote
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Party
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| Contributor | RP |
| Last Edited | RP Oct 02, 2007 01:14pm |
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| Category | Poll |
| Media | Newspaper - Wall Street Journal |
| News Date | Tuesday, October 2, 2007 07:00:00 PM UTC0:0 |
| Description | The Republican Party, known since the late 19th century as the party of business, is losing its lock on that title.
New evidence suggests a potentially historic shift in the Republican Party's identity -- what strategists call its "brand." The votes of many disgruntled fiscal conservatives and other lapsed Republicans are now up for grabs, which could alter U.S. politics in the 2008 elections and beyond.
Some business leaders are drifting away from the party because of the war in Iraq, the growing federal debt and a conservative social agenda they don't share. In manufacturing sectors such as the auto industry, some Republicans want direct government help with soaring health-care costs, which Republicans in Washington have been reluctant to provide. And some business people want more government action on global warming, arguing that a bolder plan is not only inevitable, but could spur new industries.
Some well-known business leaders have openly changed allegiances. Morgan Stanley Chairman and Chief Executive John Mack, formerly a big Bush backer, now supports Democratic front-runner Sen. Hillary Clinton of New York. John Canning Jr., chairman and chief executive of Madison Dearborn Partners, a large private-equity firm, now donates to Democrats after a lifetime as a Republican. Recently, he told one Democratic Party leader: "The Republican Party left me" -- a twist on a line Ronald Reagan and his followers used when they abandoned the Democratic Party decades ago to protest its '60s and '70s-era liberalism. |
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