Friday, December 21, 2007

Clinton, Obama rake in Govt Contractor Money

Big corporate government contractors are betting their money on those most likely to expand government.


Despite an audacious vow last spring to cut 500,000 federal contractors if elected the next president of the United States, Sen. Hillary Clinton has emerged as the top choice for the White House in 2008 by the leading companies that do business with the government.

According to an analysis by Government Executive, the former first lady has outpaced all candidates -- both Democrats and Republicans -- racking up more than $243,000 in direct campaign contributions from employees of the 50 biggest federal contractors. Clinton, D-N.Y., also added another $9,600 in contributions from the political action committees controlled by the contracting firms.

The frontrunner for the Democratic nomination, Clinton is trailed closely in the money race by her nearest political rival, Sen. Barack Obama, D-Ill., whose campaign coffers have been boosted by more than $232,000 in direct contributions from the largest contractors.

These 50 firms, including the likes of Booz Allen Hamilton, Lockheed Martin Corp. and Northrop Grumman Corp., earned just under $200 billion in federal contracts in fiscal 2006 -- nearly half of all contracts issued by government agencies.