Bloomberg reporter challenges Commerce Chamber pres. over attacks on Obama

By David Edwards and Daniel Tencer
Wednesday, July 14, 2010 19:01 EST
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The US Chamber of Commerce launched a political broadside against Democrats and the Obama administration Wednesday, accusing the administration of harming the economy through its health care reform and financial reform agendas.

“Instead of continuing their partnership with the business community and embracing proven ideas for job creation, they vilified industries while embarking on an ill-advised course of government expansion, major tax increases, massive deficits, and job-destroying regulations,” the Chamber said in an open letter (PDF) to the president.

“Through their legislative and regulatory proposals … the congressional majority and the administration have injected tremendous uncertainty into economic decision making and business planning,” the letter continued. “We call upon policymakers of all parties and philosophies to end the finger-pointing and work constructively with the job creators to reduce uncertainty, restore confidence, and restart the recovery.”

Many of the Chamber’s talking points are so similar to ones used by Republicans that it prompted The Hill to report that “the chamber … is now casting its lot with Republicans.”

The letter to the president coincided with a Chamber-sponsored “jobs summit,” currently taking place in Washington, DC.

Among the Chamber’s proposals to stimulate job growth was a call for the Bush-era tax cuts, set to expire at the end of this year, to be extended.

“In one bold, swift move, this would substantially boost investor, business, and consumer confidence and would infuse our economy with fresh momentum,” the Chamber said in its letter.

But that is an assertion that is hotly contested among lawmakers and economists. Many economic theorists say that, far from stimulating sustained economic growth, the Bush tax cuts widened the gap between rich and poor and created the strain on consumers that ended in the real estate market collapse of recent years.

The Congressional Budget Office has released reports showing that the tax cuts, enacted in 2001 and 2003, have contributed significantly to the US’s budget deficit. In at least one year since the cuts were enacted, the federal government would have run a surplus had the tax cuts not existed.

Extending the tax cuts for all earners would cost the federal government an estimated $2.2 trillion over 10 years; extending only the portion on people earning more than $250,000 would cost an estimated $678 billion over the same time period.

In a surprisingly confrontational interview, Betty Liu of Bloomberg TV grilled Chamber President Tom Donohue over the increasingly bitter, partisan tone of his chamber’s communiques.

“Is this [jobs] summit just to air what you think has gone wrong, or is there really going to be anything solid coming out of this?” Liu asked.

“We’re not airing any grievances with the White House,” Donohue said, arguing that his chamber wants to bring attention to job-creation policies.

“Did you invite White House officials to speak at this summit?” Liu asked.

“No, we didn’t,” Donohue replied. “We regularly invite White House officials to participate in our activities, often they don’t come. The cabinet secretaries come. Although the president was over the other day when the the president of Russia was here….”

Pressed again by Liu to explain why the Chamber wouldn’t want White House officials at their jobs summit, Donohue said the Chamber has “a very full agenda” and needs to concentrate on activities like “giving awards to job creators throughout the country.”

This video is from Bloomberg’s In the Loop, broadcast July 14, 2010.


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David Edwards and Daniel Tencer
David Edwards and Daniel Tencer
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  • ron1127

    Rename them the Chamber of Corporate Conservativism

  • conwaym

    Many of the Chamber's talking points are so similar to ones used by Republicans that it prompted The Hill to report that “the chamber … is now casting its lot with Republicans.”

    So The Hill is just realizing the Chamber is another functioning tentacle of the Corporatist Republican Party just like the American media. I guess Ms Liu at Bloomberg didn't get the memo or decided she would try being a real jounalist this week. She can expect a pink slip soon.

  • sambarber

    in other words: they didn't invite Obama or any other White House official, because they knew that their lies and propaganda would be easily refuted.

  • Patriot101

    The Chamber of commerce has done nothing good for this country !

  • mindboggeling

    Everyone but the tea partiers know the U.S. Chamber of commerce represent big business and the republicans. During the health care debate they flooded tv with ads against it.. A neighbor of mine thought the ads must be true because the government was sponsoring them. I asked her why she thought that and she said because the ads say the “U.S.” chamber of commerce paid for the ads. She was fearful because she listened to the tea partiers and fox tv. This group is so far right and so much part of the problem. They spew the lies and misconceptions just like the rest of the republicans do. They pay to join this organization and I'm guessing they reap more than their just rewards.

  • DougI

    It's safe to say that whatever the Chamber of Commerce is for is bad for the economy, but good for rich people.

  • django48

    Donohue and his organization don't represent the interests of American business. They represent the interests of a corrupt, overcompensated, unaccountable overclass of CEOs and their corporate board enablers who line their pockets with other peoples' money as a reward for shipping YOUR jobs to places like Bangalore and Shanghai.

  • wiseturtle

    Exactly on point. They are dens of devils.

  • bickle2

    Hopefully that means that indictments and a raid and seizure of the entire criminal organization is nigh

    Oh who am I kidding, that would take someone with balls.

  • dennycrane

    Chamber of Horrors.

  • dennycrane

    A friend told me stories about them during the RayGun “forgotten” years. According to them, if you are business owner other than a tory, you will get shunned.

  • WhodaThunkit

    Government and corporate “partnership” is Fascism

  • WhodaThunkit

    More of a fascistic brothel?

  • WhodaThunkit

    More of a fascistic brothel?

  • tonybinca

    Dems and Repubs are bought off by the same corporations. Pull your head out.

  • cessnadriver

    No, no, no, fascism is believing in giving school children free milk!

  • smallbear

    no, no, no, fascism is taking milk away from school children at gunpoint.

  • cessnadriver

    Oh, you're right, but only brown children, of course. Giving free milk to schoolchildren is communism, a la Jerry Voorhees.

  • cessnadriver

    One can easily imagine Ted Bundy being chairman, but he took a different career path.

  • smallbear

    Every day it becomes more and more obvious that the US Chamber of Commerce and the Republican Party are one and the same. They had their way with economic policy for the last thirty years and, instead of creating jobs, they have cut jobs at home and shipped jobs overseas. Instead of expanding business opportunities with investments, they are sitting on TRILLIONS of $$$$ to keep it away from the middle class.

    They are complaining about the federal government raising taxes, but the Republicans are, right now, calling for new taxes on the poor and lower income workers. Extending the Bush tax cuts would only give them an excuse to continue widening the disparity in incomes and further inflate the deficits they so loudly decry.

    They are complaining about job-killing regulations, but for the last thirty years, they have done everything they can to circumvent, ignore, pervert, and buy off the regulatory agencies that hold them accountable. For them it's not a problem, just a cost of doing business. Meanwhile, workers are killed and injured on the job due to lack of safety oversight. Taxpayers get sick and die due to lack of environmental oversight.

    Donohue is a liar and a scumbag of the lowest order.

  • mrjohnspeaks

    Your comments hit the nail on the head, Nobody seems to care about the “small people”.

  • michaelvalentine

    Yep making the Bush era tax cuts for the rich permanent should work, I mean look how well it's worked at transfering the wealth of the nation to the one percent-ers.

  • michaelvalentine

    True, but at least the Democrats pretend to like the American people.

  • mrjohnspeaks

    If Govervnment is so BAD, why are businesses always sending representatives to get money from it?

  • Byron

    Everyone knows that the Chamber of Commerce is nothing more than a mouthpiece for the FatCat Republican Party. They have one love, and one love only, money and self-enrichment, coincidentally just like the Republicans. Their very name, Chamber of Commerce means House of Money. Nothing else in the world matters to them. They are peopled by old, evil, white men.

    Look up the run-ins the Yes Men have had with them.

  • likewow

    Betty should have taken a shit on his face.

  • Max_1

    .

    Of course it's inviting the White House “All the time” when you DON'T invite the White House to a jobs summit you're holding, is it?

    .

  • yvonneo

    I look at that arrogant smirk on his pukish face and I want to put my fist through it–repeatedly. The republican party has shown itself to be in every respect an enemy of the people–except for those in the top 1-10% of course.

  • RobertX

    “Among the Chamber's proposals to stimulate job growth was a call for the Bush-era tax cuts, set to expire at the end of this year, to be extended.

    “In one bold, swift move, this would substantially boost investor, business, and consumer confidence and would infuse our economy with fresh momentum,” the Chamber said in its letter.”

    Yep. Sure had that effect when Bush did it….

  • DesertSun59

    Uh, excuse me. WHAT TAX INCREASES. My small business got a refund this year for the first time since I've been in business.

    Chamber: LIARS extraordinaire.

  • palmharbor

    American Business is creating all kinds of jobs…in India, Mexico, China,Vietnam, Canada,
    Hong Kong and other places….let's tell the truth asshole. American business wants Americans to accept a standard of living not known here since 1929.

  • palmharbor

    If the Bush tax cuts for the wealthy are good, why are they not producing jobs NOW???????????

  • palmharbor

    The poor have too much and the rich don't have enough…Rush Limbaugh

  • palmharbor

    Just wait until Obama runs for another term….he and other industry leaders will have a news conferences to say, IF A REPUBLICAN IS ELECTED THIS TIME, WE CAN BRING BACK MILLIONS OF JOBS BACK TO THE UNITED STATES.

  • palmharbor

    Yes, spread the word (the truth)

  • llkernj

    hey chamber, show me ONE fucking job that was created with that 1 trillion dollar tax decrease for the rich. ONE. You cannot, but I see where the money is. Tied up in stocks, bonds and big fucking new houses. Your org needs to be destroyed and the debris sold for scrap.

  • http://profiles.yahoo.com/u/3RS3PWNQOYVFJGDDPXEYV42GXQ christlifted

    These business scoundrels are scared that they won't be able to continue to rip the American people off. This man actually said this is supposed to be a government by the people, not government by the regulators. Someone should have told this fool that the people want regulation.

  • jeffery1949

    What in the hell is the Chamber talking about???They've had the Bush tax cuts inplace for 10 yeaars,,,,how is that invester, job creator thing workin' fer ya?

  • jeffery1949

    Exactly!

  • jeffery1949

    If you haven't already, write your local newspaper or something to let people know that small business is bing helped by Obama.

  • jeffery1949

    Or, why are corporations and businesses so eager to get government contracts?

  • barrelhse

    I agree, but only if he wouldn't like it.

  • barrelhse

    “Refudiated”.

  • iRead

    Good plan….but let's sell all their assets and build a prison for them with the proceeds instead.

  • Horus45

    The Wealthy of this nation better wake up and end their greed.
    They can either give Americans Jobs with their vast wealth or We will take it away from you in TAXES!
    The choice is yours Jobs or Taxes?

  • ericroded

    American Capitalism is resilient.

    Every challenge presented by Democratic decisions will be properly exploited by the brilliance offered by her ingenious entrepreneurs.

    This is why we know without a doubt that America will thrive under Health Care Reform and Financial Reform.

    The optimism lies in the excellence of our young Capitalists.

  • motorfingaz

    Many of the Chamber's talking points are so similar to ones used by Republicans that it prompted The Hill to report that “the chamber … is now casting its lot with Republicans.”

    The Chamber Of Commerce & The Republican Crime Syndicate = Enemies of Americans!

  • WJM51

    If there is one group of ASSHOLES who have no reason to exist, it's the GODDAMNED FUCKING Chamber of Commerce. These scum worship money, they have NO morals, they are greedy to the point of national suicide, and they would kill your grandmother for a quarter. They are the single most STUPID, SELFISH, GREEDY, PIGHEADED SCUM this country has.

    So W's tax cuts are supposed to improve investment? HOW? If you have a tone of money and you have the choice of either investing it in something risky or keeping it,. you will keep it. That is EXACTLY what W's tax cuts did. They took all the money that WOULD have been invested in the economy and put it into the rich bastard's pockets without a single restriction. W's GODDAMNED tax cuts have done EXACTLY THE OPPOSITE. The shit head talking for these scum bags should be SO ashamed of LYING THROUGH HIS GOODAMNED TEETH that he should have the m all pulled. But the greedy know NO shame.

    Fuck the goddamned chamber of greedy scum. Fuck them until they DIE. That is, after all, what they have been doing to the rest of us for 30 GODDAMNED years. Fuck them and their lackeys for at least 2 eternities.

  • WJM51

    We have MORE than enough prisons. Just stop arresting and jailing people for everything that republicans don't like. For the last 30 years, we've locked up more and more people in spite of our people not being bigger crooks than anyone else on the planet (with, of course, the exception of the political and ultra wealthy classes). Stop arresting pot smokers, for one, and you will have nearly a quarter million open jail cells, just waiting for the head of the COC and his fellow greed lovers.

  • Yavo

    The U.S Chamber of Commerce were the ones that said we the taxpayers should pay for the Gulf spill crisis and Republican Senator Boehner agreed.

    The U.S. Chamber of Commerce is a lunatic outfit right up there with the John Birch Society, Teabaggers, Heritage Foundation, Cato Institute, Republicans. Groups against the best intrest of the People of the United States. Groups that kiss the feet of corrupt businessess. Is it any wonder then that the U.S Chamber of Commerce would attack anyone that dares look out for the People of the United States.

  • genep34

    donahue is a scumbag

  • genep34

    not only do they want to tank the economy like they did with bush – they want to make it so that it can't be resurrected again.

    they want a 2 class system. the corporation and wealthy lords and the working people serfs.

    and those working people who support them are stupid and suicidal.

  • http://www.facebook.com/imeyers1 Ira Meyers

    Just another douchbag. Endless supply of these pricks.

  • Horus45

    Not to mention how they lied about their membership numbers.
    They claimed they had 3 million members, in reality they had only 300,000 members!

  • SDGreg

    Nuclear power is NOT green. It doesn't have carbon emissions, but it's hardly without environmental impacts. Of course the Chamber of Commerce doesn't care about environmental impacts, be they carbon emissions, a dead Gulf of Mexico, or nuclear waste.

  • http://profiles.yahoo.com/u/5ADH43ZCS3NITAIJKNHHOXH5SY C H

    The Chamber of Commerce has always been big business. They are behind the trade treaties that Clinton pushed through. To think that they have any use for the American worker is insane. For anything other then slave labor they oppose it. They are Republican, that is a given not a new revelation. They are four square against any union. For crying out loud, they are big business and that is all they are.

    They actively and helpfully encourage sending company's and jobs abroad. And nearly all of them have the overseas banking and nearly all of them PAY NO TAXES. They resent and block all attempts to close the loopholes. Name me any other country that gives a tax incentive for a company to move overseas.

    The Chamber does not work for the American worker. They are a whole group of the richest company's that work for them selves to keep what they have and to become richer. They are predatory capitalists. When are the people in this country going to catch on to this.

    This is financial and social Darwinism. This group of sharks is swallowing us. They own us.

  • DFW

    For the record, Bonehead is not a Senator, but the minority (fortunately!) leader of the House of Representatives.

  • sickofyoujerks

    fuckin a right

  • ladygeekIT

    Woo-Hoo – a Bastille Day for us!!!

  • ladygeekIT

    Well, I don't know how to break this to you but since Obama gave Exxon-Mobile permission to speak to BP to purchase some of BP's holdings, we are going to be footing the cleanup bill anyway. Same thing in Afganistan. The middle class is fighting the war to keep Afghanistan's natural resources (you know – the lithium, rubies, sapphires, lapis, and other precious stones and minerals) so that the capitalists can get their hands on this stuff. Keep in mind that this wealth was known to many for quite a few years except most of the Afghani's. US will never get out of there or Iraq either – oil in Iraq.

  • RobertX

    i·ro·ny
    1    /ˈaɪrəni, ˈaɪər-/ Show Spelled[ahy-ruh-nee, ahy-er-] Show IPA
    –noun, plural -nies.
    1.
    the use of words to convey a meaning that is the opposite of its literal meaning: the irony of her reply, “How nice!” when I said I had to work all weekend.

  • Kazr

    The scum corporations that fund this organization should be ashamed. Oops. Forgot since the Supreme court awarded citizenship rights under the constitution I just assumed they had a conscience. Never mind. They don't have to admit they fund these bastards either. freedom of speech at it's finest guaranteed to all our citizens. Don't you feel special?

  • Schmice

    The Chamber of Commerce should campaign for tax incentives for companies that do NOT send our jobs overseas. They should oppose tax cuts and incentives for companies that send jobs abroad. We need jobs HERE not THERE. By using these kind of incentives, they will rebuild America and give workers in this country salaries which will be spent locally. It's not just about profits in the hands of the companies. Without money, we cannot create demand for products. Without demand, companies will go out of business and this country will slide further into recession and ultimately Depression. IF THEY WANT THEIR TAX CUTS, FOCUS ON OUR DOMESTIC MARKET NEEDS.

  • leastein93

    Donohue has been an R hack for ages and he and the staff have a difficult time even pretending to be non-partisan — the rhetoric of the Chamber is such that it is starting to lose local chapters in the major cities around the U.S.

  • drunkfoulmouthfilthybeast

    The U.S. Chamber of Commerce has two payers, members that pay their dues like clockwork or you will suffer the Chamber's Wrath. The other is contributions from ahhh, lets see, I have not idea all the cororations are involved in the military industrial complex, but I'm willing to go out on a limb and conjecture the CEOs are all members of Fraternities, such as the Skulley and Boneies, or their reciprocal agreements with other Fraternities with one objective, to keep 90% or more wealth in the “family”, which “All in the Family” is not mentioned, which is my conjecture. I MEAN, who would make a Vice President of the United States of America out of a CEO that bought several corporations that was stiffuling and drowning in law suites concerning the manufactoring companies making Ashbestos or using same in their building or ships (Navy) , which were killing off their workers. Want to know why??? As Vice President, these lawssuits could be directed a corporate “Friendly courrt justice,” one I can think of is a Priscilla Owens, an appeals justice, and if they haven't classified the verdicts she layed down( she also denied testimony or kicked out testimony, I can conjecture that too!! The SCORE: Business 400,xxx,xxx, Employees 00000.00> wasn't even awarded a fraction.

  • greg789

    Odd – Just a few months ago Obama and his Justice Department went to bat for the Chamber of Commerce. May 28 (Bloomberg) — “The Obama administration, joining forces with the U.S. Chamber of Commerce, asked the Supreme Court to review an Arizona law that puts companies at risk of losing their corporate charters if they hire illegal aliens.”

    The Arizona law the Chamber and Obama want tosses was signed into law in 2007 by then Governor Janet Napolitano and found constitutional by the 9th Circuit. The law sanctions employers for hiring illegals and requires the employers to use E-Verify (the federal online system that allows employers to check whether someone is eligible to work in the country.

    I can see the conflict – Harry Reid blocked an amendment to require the use of E-Verify by all construction firms working on economic stimulus projects. Reid figures 15 million unemployed Americans should not stand in the way of Corporate profit through cheap illegal labor.
    .

  • jimbo701

    Uh..oh..excuse me…did that CoC guy just say something? I was staring at Betty Liu.

    Anyways. They want to extend the Bush tax cuts and cut social services to balance the budget. First it's been proven about 10,000 since 1980 that all tax cuts to is make it easier for corporations to ship US jobs overseas. Either that or they stash the money in interest bearing trust funds. What they don't do is create jobs in this country with it. He KNOWS that but doesn't give a rats ass. Still it amazes me that this fools get on public TV and keep spouting the gospel according to Ronnie Reagan as if they think anyone will believe them.

    One thing I can guarantee this ignoramus is if they actually try to reduce SS they will have a revolution on their hands. Tens of millions of people rely on that pittance to survive because if they are disabled or retired. Tens of millions more are planning to rely on it when they retire. The reason for that is that corporate American eliminated most pensions and replaced them with 401ks that pay the fund managers far more than the retiree will ever see. Also, having a 401K assumes you can afford to put money in it. Unfortunately corporate American has also kept wages flat for 25 years so millions of Americans can't afford a 401K. Their solution, extend the Bush tax cuts and cut SS. If there was a firing squad to execute morally depraved human beings, Mr. Donohue would be it's first customer.

  • jimbo701

    Also set a flat minimum tax on all corporations who attempt to write their taxes down to zero like Exxon/Mobil and GE did in 2009. Reagan did this for all incomes over 200,000 to force everyone to pay something. I see no reason not to extend this requirement to “American” corporations and foreign corporations that reside in this country. Additionally if a large foreign corporation is making millions here require them to set up manufacturing facilities over here like foreign car companies are required to do. This would also prevent “American” companies from reinventing themselves as foreign based corporations to avoid paying US taxes or US workers.

  • jimbo701

    More likely they will attempt to tank the economy and blame it on the government. That way they can ride to our rescue as free-market white knights while skewering us with their lances at the same time.

  • jimbo701

    I'm sorry to break this to you but American capitalism is a proven failure, not because it's a bad idea, but because human beings are corrupt. The housing bubble and the 70 TRILLION dollar derivative scam that was spun off from it proves this beyond a shadow of a doubt. Expecting that people will act honorably in circumstances that breed corruption is a fools errand.

  • eekeller

    compassionless pigs.

  • http://www.windstonemusic.com hourglass1

    Chamber of Fasci Whores

  • WhodaThunkit

    Derived from the root word Facial

  • skyshoes

    Right wing talking points, right wing tactics (blather endless talking points with no one their to refute them) cowardly avoiding inviting the people with the responsibility of fixing these same staid failed talking points. I think the disarray in the republicant party has finally congealed with the right wing take over of the U.S.(?) Chamber of Commerce. Foolishness has a new face, a crusty old white blowhard front man. Go back to the GOP (Grand Oil Party) and try and unseat Michael Steele. Listen old fella, leave what is left of “commerce” in the United States to dig itself out of the unregulated raping of our financial, environmental and manufacturing sectors. Leave the factually sparse babbling to the loons on Fox, the radio junkie, the disoriented Mormon guy and the governless from Alaska. You failed

  • http://profiles.yahoo.com/u/K2PHXJ2SVTZOHLQFOKQOWVT7MQ ByBull

    They're just a bunch of thumpers… concerned more for the the almighty buck, then anything else. They are deceptive in their true intent, or at least they think they are. It's the I got mine ideology. They think they have the dog given rights to shit on humanity to attain their desires. It's like a fellowship thing. IMO, they're a bane to society.

  • barrelhse

    Why use the people's tax money to create jobs for those same taxpayers? They'd only want a living wage, pay taxes, support their local economies, and create a strong America. It's better to coddle big-business, give them our money , and allow them to prosper by hiring illegals to save money, or send all the jobs overseas and just keep our money. Boycott, hell. REVOLUTION!

  • barrelhse

    Well, maybe 1930. Pre October was pretty heady in 1929.

  • http://the-wawg-blog.org/?p=3759 The WAWG Blog Blog Archive » Bad Deeds for 7-16-2010

    [...] U.S. Chamber of Commerce Spreads Misinformation About Tax Cuts – Among the U.S. Chamber of Commerce proposals to stimulate job growth was a call for the Bush-era tax cuts, set to expire at the end of this year, to be extended. But many economic theorists say that, far from stimulating sustained economic growth, the Bush tax cuts widened the gap between rich and poor and created the strain on consumers that ended in the real estate market collapse of recent years. [...]

  • http://profiles.yahoo.com/u/NQJQ3VV6HDNOFJ55OMZR4IBUTU A B

    Screw the fat cats. Why the hell are we cutting taxes for the same people who are shipping jobs over seas, and turning the gulf into an oil sump. yeah, this is redundant, but it's the truth.

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