Google Inc. (NASDAQ:GOOG) and Microsoft Corporation (NASDAQ:MSFT) seem to establishing their positions in this year’s presidential election, based on contributions to presidential campaigns by employees, families and affiliates of both companies. The two tech giants are among the five top employers that have donated to the re-election campaign of President Obama. This information was compiled by OpenSecrets.org, a web site affiliated with the Center for Responsive Politics, which monitors the role of money in U.S. politics.
An article discusses this report, which showed Google Inc. (NASDAQ:GOOG) and Microsoft Corporation (NASDAQ:MSFT) listed with two prominent universities (University of California in Berkeley, Harvard) among the five top employers who have donated directly to the Obama campaign (this report does not count contributions to super PACs or affiliated organizations). Google Inc. (NASDAQ:GOOG) and Microsoft Corporation (NASDAQ:MSFT) combined to contribute about $800,000 to the president’s campaign as the Nos. 2 and 3 contributors behind the University of California ($492,000).
By comparison, the top five contributing employers to the Mitt Romney campaign were Wall Street investment firms and big banks. And this difference holds true through the whole list of contributors, the article reports. Google Inc. (NASDAQ:GOOG) and Microsoft Corporation (NASDAQ:MSFT) have led the communications and electronics sector has contributed nearly $11 million to Obama just shy of $3 million to Romney. On the other side, financial institutions have given $28 million to Romney and just $12 million to Obama.
“Obama is backed by those who feel that education and tech will lead the way towards a healthier economic future, and Romney by those who believe that it’s best led by Wall Street, banks, and insurance companies. I’ll let you decide for yourself which sectors — Big Tech/Big Education or Big Money — are most important for our economic health,” the article’s author wrote in conclusion.
Will Google Inc. (NASDAQ:GOOG) and Microsoft Corporation (NASDAQ:MSFT) be on the right side of our future?