The official election is more than a year away; but the Democratic party is trouncing the Republics in the CEO money primary. According to Bloomberg News, some of George W. Bush's top 2004 fund-raisers, are now helping Democrats running for president.

Among the 60 executives writing checks to Democrats such as Senators Hillary Clinton of New York and Barack Obama of Illinois are these formerly pro-Bush CEOs:

• Morgan Stanley's (NYSE: MS) CEO John Mack, a Bush Ranger, held a fund-raiser for Clinton in July. He wrote to his executives "I personally believe that [the best] person [running for president in 2008] is Hillary Clinton."
• Yahoo Inc.'s (NASDAQ: YHOO) former CEO Terry Semel gave $2,000 to Bush in 2004 and $50,000 to the Republican National Committee. Semel has given the maximum, $4,600, to Clinton and $2,300 to Obama.
• News Corp. (NYSE: NWS) CEO Rupert Murdoch, who donated $25,000 to the Republican National Committee in 2004, has given Clinton $2,300.

Democratic front-runner Sen. Hillary Clinton owes her fellow Senator Larry Craig a huge debt.

The scandal involving the Idaho Republican has deflected the media's attention from the revelations of dodgy campaign contributions her campaign received from fugitive California businessman Norman Hsu. Craig is a much better story. For one thing he's a conservative Republican with close ties to social conservatives who is so out of touch with reality that it's comical. His "I am not gay. I never have been gay" statement convinced no one.

What makes Craig's downfall so dramatic is that it came from a high perch of moral superiority that Republicans seem to like to inhabit more than Democrats. There also have been rumors about Craig's allegedly secret gay life since the early 1980s when there was a scandal involving members of Congress having sex with male pages. Craig, a Congressman at the time, issued a statement denying rumors that he had been implicated. He reportedly is now close to resigning.