Corporate political action committees spent 60 percent of their contribution money on Democrats, who have in turn raised $153.5 million in the first six months of the 2009-2010 election cycle. The Center for Responsive Politics reports that in that time Democrats have raised a staggering 62 percent more than Republican candidates.
Meanwhile, lobbyists have made 70 percent of their donations to Democrats, up from 37 percent in 2006.
From the Wall Street Journal:
Spokesmen for the companies say they donate to politicians who support their priorities. Ron Rogers, a spokesman for Merck, said that the company donates more to Democrats now because "there are more Democrats that there used to be."
Republicans, however, may have some reason to hold out hope for the 2010 midterm elections: The Republican National Committee raised more than the Democratic National Committee last month.