Tuesday, March 29, 2005

Business is basking in strong GOP majority

Fortune 500 companies that invested millions of dollars in electing Republicans are emerging as the earliest beneficiaries of a government controlled by President Bush and the largest GOP House and Senate majority in a half-century.
MBNA Corp., the credit-card behemoth and fifth-largest contributor to Bush's two presidential campaigns, is among those on the verge of prevailing in an eight-year fight to curtail personal bankruptcies.
Exxon Mobil and others are close to winning the right to drill for oil in the Arctic National Wildlife Refuge in Alaska, which they have tried to get passed for more than a decade.
Wal-Mart, another big contributor to Bush and the GOP, and other big companies recently won long-sought protections from class-action lawsuits.
Republicans have pursued such issues for much of the past decade, asserting that free-market policies are the smartest way to grow the economy. But now it appears they finally have the legislative muscle to push some of their agenda through Congress and onto the desk of a president eager to sign pro-business measures into law.

No comments: