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Friday, January 15, 2021

Disney Cuts Off Political Donations … Temporarily?

 by Ray Keating

Analysis

DisneyBizJournal.com

January 15, 2021

 

There’s plenty to be outraged about regarding the storming of the U.S. Capitol Building on January 6. It was an ugly attack on our democracy and the peaceful transition of power while Congress was certifying the Electoral College votes.



The Walt Disney Company made a statement earlier this week by announcing that it would not be making political contributions to Members of Congress who did not vote to certify the Electoral College results.

 

Some have hailed Disney’s statement, along with similar declarations by other companies. Others don’t think businesses should be making political contributions at all. And of course, those who have ignored the facts and insist that the election was stolen, or believe that mere assertions of electoral theft warrant some kind of investigation, were not pleased at all by such statements.

 

Before anyone gets carried away with any of this (well, it’s too late for that), it pays to look at Disney’s actual statement. It said:

 

“The insurrection at our nation’s Capitol was a direct assault on one of country’s most revered tenets: the peaceful transition of power. In the immediate aftermath of that appalling siege, Members of Congress had an opportunity to unite – and opportunity that some sadly refused to embrace. In light of these events, we have decided we will not make political contributions in 2021 to lawmakers who voted to reject the certification of the Electoral College votes.”

 

Notice the following part of the statement: “we will not make political contributions in 2021.” Considering that there are no congressional elections in 2021, the statement tends to lose a good deal of its weight and power. The next congressional elections come in 2022. That leaves plenty of time for Disney to make contributions to whomever it chooses, and for whatever reasons it sees fit. Not surprisingly, the company has left itself plenty of wiggle room.

 

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Ray Keating is the editor, publisher and economist for DisneyBizJournal.com, and author of the  Pastor Stephen Grant novels and assorted nonfiction books. He can be contacted at  raykeating@keatingreports.com.

 

The views expressed here are his own – after all, no one else should be held responsible for this stuff, right?

 

Keating’s new book Vatican Shadows: A Pastor Stephen Grant Novel is the 13th thriller/mystery in the Pastor Stephen Grant series. Get the paperback or Kindle edition at Amazon, or signed books at www.raykeatingonline.com

 

You also can order his book Behind Enemy Lines: Conservative Communiques from Left-Wing New York  from Amazon or signed books  at RayKeatingOnline.com. His other recent nonfiction book is Free Trade Rocks! 10 Points on International Trade Everyone Should Know

 

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