Home -> Law Blog Directory -> Bailout Blogs -> Macroprudential
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense
Find a Local Lawyer
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402
Bailout
: MacroprudentialThe U.S. Chamber of Commerce is not the same thing as American business
By Barbara Kiviat
I don't understand why everyone is so surprised to find out that large corporations are funneling massive amounts of money to the U.S. Chamber of Commerce. Last week's NYT report has been making the Internet rounds, and while I appreciate the point that the Chamber is much more partisan than its non-profit status would suggest?70 of the Chamber's 93 midterm campaign ads either support Republican candidates or attack their opponents, despite the Chamber's promise to the Federal Election Commission that it only talks about issues?there's also a curious amount of wonderment at big-company donations. Yes, Wall Street firms sent millions of dollars to the Chamber when financial re-regulation was on the table, and the insurance industry got out its checkbook when it was time to talk healthcare reform. Why would anyone be surprised?
The more counterintuitive and telling story, which the Times only flicks at, is how unsatisfied certain businesspeople are growing with the U.S. Chamber. A couple of weeks ago, New Hampshire's Greater Hudson Chamber of Commerce decided to break ties with the national organization, because, in the words of the Nashua Telegraph
:
[I]t felt recent political advertisements by the national chamber in support of specific parties and candidates were in ?direct conflict? with the foundation of the Hudson chamber. Jerry Mayotte, executive vice president of the Greater Hudson Chamber of Commerce, said the Hudson group is a nonpartisan organization. He said he can?t remember the last time they chose not to renew their membership.
Last year, the Chamber of Commerce of Eastern Connecticut did the same thing. Tony Sheridan, the group's president and CEO recently explained why:
"My issue with the national chamber is their willingness to take a very narrow slice of a piece of complicated legislation - and it's generally the most negative spin they're taking, like health care, when we all know that the health-care system is broken - and claim that the sky is falling, instead of using the money to educate people," Sheridan said.
During financial re-reform, a number of local and regional chambers, including the South Carolina Small Business Chamber of Commerce and the U.S. Women's Chamber of Commerce, tried to get out a similar message when it came to the proposed Consumer Finance Protection Agency. In one op-ed, the CEO of the U.S. Women's Chamber wrote:
The U.S. Women?s Chamber of Commerce disagrees with the U.S. Chamber?s big business scare tactics regarding the benefits of a strong, independent Consumer Federal Protection Agency. The U.S. Chamber would have small businesses believe that protecting the rights of bank and non-bank lenders to deceive, manipulate and bet against small businesses is good for the economy and good for our future ? all evidence to the contrary.
The big take-away: the U.S. Chamber of Commerce is not the same thing as American business. It's easy for the U.S. Chamber?in fact, it's easy for any well-funded lobbying group?to say that they speak for an entire population. That's probably never going to be true. And in the case of the U.S. Chamber, it seems to be less true with each passing day.
Full post as published by Macroprudential on October 25, 2010 (boomark / email).
U.S. Chamber of Commerce Unveils State of American Business Report
The two seem to make an unlikely pair, but according to the CEO of the U.S. Chamber of Commerce, the business group and President-elect Barack Obama are in tune with each other. This morning, the Chamber issued a gloomy State...
Lovin It or Leavin It: Christian Group Boycotts McDonalds for Supporting Gay Chamber of Commerce
Ever wonder what the McDonald’s slogan “I’m Lovin’ It” means? The American Family Association thinks it knows: Gays. Not just gays, but gay business people...
Huff Post Repost - The Brazen U.S. Chamber of Commerce Campaign to Hurt the Economy
The U.S. Chamber of Commerce has become a despicable organization. I'm not talking about the local Chambers to whom many of us turn when we're relocating to a new area, inquiring about civic and business associations or good tourist sites...
Labor-Funded Group Accuses Chamber of Commerce of Tax Fraud
New York Times, Chamber of Commerce Accused of Tax Fraud: With a war chest rivaling that of the Republican Party itself, the U.S. Chamber of Commerce has emerged in the last year as perhaps the Obama administration?s most-well-financed rival on signature policy debates like health care and financial regulation...
Eisenberg on the Chamber of Commerce's Liability Survey
Theodore Eisenberg (Cornell) has posted to SSRN U.S. Chamber of Commerce Liability Survey: Inaccurate, Unfair, and Bad for Business. Here is the abstract: The U.S. Chamber of Commerce uses its Survey of State Liability to criticize judiciaries and seek legal...
IM SURPRISED IT TOOK THIS LONG: War between Chamber of Commerce and White House spills into open.
I’M SURPRISED IT TOOK THIS LONG: War between Chamber of Commerce and White House spills into open. “The U.S. Chamber of Commerce on Wednesday rejected a request from top White House adviser Valerie Jarrett to speak at a jobs summit hosted by the business group, the latest escalation in an ongoing war between [...
Heart of Atlanta v United States
Supreme Court Decision: Civil Rights Act Protected by Interstate Commerce Clause
Canadian Imperial Bank of Commerce
CIBC
Canadian Imperial Bank of Commerce
401(k) / ERISA Stock Fraud
Internet/Technology
involving cyber law, consumer protection, internet crime, internet fraud, online gambling, e-commerce.
Express Scripts Inc.
Over $9.5 million payout in deceptive business practices lawsuit.
FedEx
Ground Business Model Wins Class Action in Washington
Business Lawsuit
Elbit Imaging Ltd. agrees to pay CP Holdings Ltd. a $5 million settlement.









