Category Archives: Money

“Those who can, do; those who can’t, teach.”…George Bernard Shaw

Those who can’t do, won’t do, have never successfully run a business and hate business are part of the Obama Administration…Citizen Wells

From USA Today, January 12, 2010.

“U.S. Chamber pledges to stop Obama agenda, play big role in Nov. elections”

“U.S. Chamber of Commerce President Thomas Donohue attacked President Obama’s domestic agenda Tuesday, criticizing Democratic efforts on climate change, health care and oversight of the nation’s financial system.

And he pledged to use the chamber’s might in November’s elections to take on the president’s allies in Congress.”

“The chamber will carry out “the largest, most aggressive” campaign in its 100-year history as it works to influence the outcome of mid-term congressional elections and stop legislation it views as harmful to the economy, he said. “As Americans choose a new House and senators this fall,” Donohue added, “the chamber will highlight lawmakers and candidates who support a pro-jobs agenda and hold accountable those who don’t.””

Read more:

http://blogs.usatoday.com/onpolitics/2010/01/us-chamber-pledges-to-stop-obama-agenda-play-big-role-in-nov-elections.html

Apparently Obama and US Chamber of Commerce President Thomas Donohue are not good buddies. Of course, the Obama Administration, a model of business acumen and job creation, has it’s answer to the US Chamber of Commerce in the Business Roundtable. Valerie Jarrett is the president’s liaison to the corporate world. You remember Jarrett.

“I was in the process of reporting more on Valerie Jarrett and her past ties to corruption in Chicago and I will do so. For now, Michelle Malkin does an excellent job in this video of exposing the truth about Obama and Jarrett and their motives for getting the Olympics for Chicago.”…Valerie Jarrett, corrupt slumlord Obama friend

From the LA Times, October 25, 2009.

“White House confronts the U.S. Chamber of Commerce”

“WASHINGTON — The Obama White House, stepping in where other Democrats feared to tread, has launched a potentially risky fight with the U.S. Chamber of Commerce — attempting to bypass the nation’s most powerful business organization and develop independent ties to corporate America.

In recent weeks, President Obama, his Energy secretary and one of his other most senior advisors have begun criticizing the chamber publicly, casting it as a profligate lobbying organization at odds with its members in opposing the administration on such issues as consumer protection and climate change.

At the same time, the administration has been meeting privately with prominent corporate leaders — more than 60 of them since June — in an effort to develop its own pipeline to the business community.
The White House also has gone out of its way to cultivate another corporate group, the Business Roundtable, which is much smaller than the chamber but represents chief executives of many of the nation’s largest corporations.

“Our strategy is to reach out directly to the business community,” said Valerie Jarrett, the president’s liaison to the corporate world. “This is a shift. Previously, the chamber had served as the sole intermediary for business. That’s not our approach.”

Jarrett praised the Business Roundtable, saying that it brings member CEOs to White House meetings in addition to Washington lobbyists.

In an indirect dig at the chamber, Jarrett said the roundtable meetings were more substantive and valuable because they included not just a trade association leader but someone who actually runs a business.

The White House role in criticizing the chamber has, predictably, riled Republicans. But it also has made some Democrats nervous.”

Read more:

http://articles.latimes.com/2009/oct/25/nation/na-chamber25

Here are some exerpts from the speech of US Chamber of Commerce President Thomas Donohue, January 12, 2010.

“Think for a moment about the nation’s job creators—the men and women who run our small and large businesses—as well as those who lead our universities, our health care facilities and the many other institutions that employ our workforce. If you were in their shoes today, would you jump quickly into new investments and hiring? Or would you wait for some clarity, and some common sense, to take hold first?

Most of these job creators would like nothing more than to keep their workers employed, create new jobs, and bring some hope and relief to families struggling without a paycheck. But when they look at what’s going on in Washington, in the states, and around the world, what do they see?

They see massive tax increases on the horizon—not just the expiration of the tax cuts passed over the last decade, but also hundreds of billions of dollars in new taxes.

They see health care legislation that contains a burdensome mandate on employers and virtually no meaningful reforms to improve quality or control costs.

They see a climate change bill and potential EPA regulations that could significantly raise energy prices and impose new layers of bureaucracy on their organizations.

They see financial services legislation moving forward that could choke off their access to capital at a time when lending is already very tight.

America’s job creators also see a renewed push by unions to pass card check and many other measures to control the workplace.

They see the trial bar working with their allies in Congress and with many state attorneys general to expand opportunities for new litigation.

They see the rise of trade isolationism at home and abroad that could threaten their export markets—and now, renewed fears about terrorism.

And our job creators see the federal government planning to expand the national debt by at least $9 trillion over the next decade—more debt than has been piled up in all previous years since George Washington. They see many states going broke as well. What will the impact be on their companies and employees?

These are the uncertainties that job creators are wrestling with—uncertainties that call into question how quick or strong our economic recovery will be. And no one is paying a higher price than the American worker.

Over seven million Americans have lost their jobs since the recession began. Ten percent of the workforce is unemployed—a number that soars beyond 17 percent when you add those who have stopped looking for jobs and the millions of part-time workers who want to work full-time.”

Read more:

http://www.uschamber.com/press/speeches/2010/100112_sab

By the way, the Chamber of Commerce of a major NC city, was my first business account assigned to me when I was young. It was a pleasure to present this article.