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Ear to the Ground

Chamber Fills Its Pot o’ Gold

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Posted on Oct 22, 2010
Wikimedia Commons

The U.S. Chamber of Commerce has been a bastion of pro-business, anti-environment and anti-labor ideology since its founding in 1912. And so it is unsurprising that modern-day corporations have donated millions upon millions to the Chamber to fight such perilous things as, say, security requirements on chemical facilities. —JCL

The New York Times:

Prudential Financial sent in a $2 million donation last year as the U.S. Chamber of Commerce kicked off a national advertising campaign to weaken the historic rewrite of the nation’s financial regulations.

Dow Chemical delivered $1.7 million to the chamber last year as the group took a leading role in aggressively fighting proposed rules that would impose tighter security requirements on chemical facilities.

And Goldman Sachs, Chevron Texaco, and Aegon, a multinational insurance company based in the Netherlands, donated more than $8 million in recent years to a chamber foundation that has been critical of growing federal regulation and spending. These large donations — none of which were publicly disclosed by the chamber, a tax-exempt group that keeps its donors secret, as it is allowed by law — offer a glimpse of the chamber’s money-raising efforts, which it has ramped up recently in an orchestrated campaign to become one of the most well-financed critics of the Obama administration and an influential player in this fall’s Congressional elections.

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By Rachel Collinson, December 13, 2011 at 11:19 pm Link to this comment

Corporations have always played their cards through political platforms using their best resource – money. Money does wonders, doesn’t it? This news article certainly makes it look this way, as each corporation set the precedence for advertising and the varying amount of donation required almost looks comical.

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By gerard, October 23, 2010 at 10:23 pm Link to this comment

“—the same freedom of speech as the nations’ citizens” and LOTS MORE MONEY TO BUY ADVERTISING!
Seems unfair, doesn’t it?  Solution:  Pass Campaign Finance Reform.  Rescind the Court’s ruling. 

Incidentally, the “Read More” for this article was never activated, though I wrote in about it the day it came out.  Was there more?  If so, what?  I hesitate to comment on incomplete articles.  Is that finicky or what?

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Lafayette's avatar

By Lafayette, October 23, 2010 at 10:01 pm Link to this comment

THE CHAMBER POT

This article should surprise no one. Since Robert’s Supremes came to its asinine ruling that corporations have the same freedom of speech as the nations citizens.

The neocons on that court have a bad case of TMI (Terminal Mental Illness).

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