bad donut!

I just learned that the donuts I love to hate are more distasteful than I had thought.

Krispy Kreme* contributed $90,260 to the Republican Party and only $1,842 to the Democratic Party during the 2003-2004 election cycle, according to data assembled by the creators of a new (and very interesting) website, Choose The Blue, designed to help consumers identify the politics of the corporations whose products and services they patronize.

So not only are these donuts bad for their patrons' health and bad for at least one of the communities in which a plant/store is located, but they subsidize the regime which threatens the nation and the world.

But maybe the relationship is about to come apart. Yesterday's donut star is also in trouble and even their Republican friends may not be able to bail them out.

The corporation's earnings are sharply down, the result, according to the NYTimes, of "slipping sales and underperforming franchise operations."

The disappointing news is the latest in a string of troubles for Krispy Kreme. It is under investigation by the Securities and Exchange Commission for the aggressive manner in which it accounted for franchises that it bought back and for the prices paid for some of these franchises. Last month, the investigation was upgraded to a formal inquiry.

This year, the company's stock, which once traded as high as $50, has been in free fall.

But what do I know about this financial esoterica? I admit that my relationship with the un-donut company is on a personal level, and it bagan just after they first opened a New York location. I tasted their incredibly-hyped product and found that I really hated it. For this kind of sugar and fat, if I'm going to support a chain store, I'd rather follow the example of the gentleman in the picture at the bottom of my previous post: He's licking a cone just purchased at the neat little Ben & Jerry's shop to the right of the Krispy Kreme. Now there's a politically-wholesome treat I could support!

* According to Choose The Blue, "Corporate totals are based on donations from PACs, employees, subsidiaries and affiliates for the 2003-2004 election cycle."

[thanks to Barry for the Choose The Blue site tip]

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I hate when something that tastes so good can be so evil. Everyone knows my strange weakness for the mysterious ingredients swirled Willy Wonka style into that luscious Krispy Kreme donut. I like the way the sugar entirely covers the... Read More

Thanks for the link to Choose the Blue. I have some questions, though: for instance, I choose frequently to buy Hormel products because of James Hormel's open and generous support of gay-rights causes. He's rich due to the company, though I haven't been able to determine whether or not he still has any involvement with it (he's not on the Board of Trustees). So, although corporate Hormel fails the Choose the Blue test, buying Hormel may well help Mr Hormel finance more pro-human rights initiatives on his own. So, what would you suggest?

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Published on November 30, 2004 1:40 PM.

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