Tags: Election 2010 | Obama | Chamber | commerce | Prestowitz | campaign | contributions

Obama Kowtows to Chamber of Commerce

Monday, 22 Nov 2010 03:27 PM

President Barack Obama plans to speak at a U.S. Chamber of Commerce event in December in an effort to mend relations with the business group that successfully spent tens of millions of dollars in the effort to defeat Democrats in this month’s elections.

Obama, Chamber, commerce, PrestowitzDuring the campaign Obama blasted the chamber for accepting contributions from undisclosed donors, saying some of those donors might be foreigners. But Clyde Prestowitz, founder of the Economic Strategy Institute and a Commerce Department official in the Reagan administration, isn’t impressed with Obama’s effort at diplomacy, Politico reports.

“The chamber is the wrong venue for Obama to speak to business. He will be visibly kowtowing to the guys who beat him up,” Prestowitz tells the news service. “It will be a humiliating surrender by Obama. He does need to speak to business leaders but it should be to something like the Business Roundtable or the Business Council which are more moderate and willing to be bipartisan than the Chamber.”

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