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Chamber Chief Donohue: Obama 'Suffocating' US Business Spirit

Thursday, 07 October 2010 02:01 PM

President Barack Obama’s administration is imposing regulations that are “suffocating the entrepreneurial spirit,” the president of the U.S. Chamber of Commerce said.

Tom Donohue, president of the largest U.S. business group, said the Chamber is launching a new political campaign today against rules on healthcare, finance, the environment and labor. The Chamber has said it will spend $75 million backing pro-business candidates in the November elections and has led growing business criticism of Obama in recent months.

“The regulatory impact on the business community is pervasive, insidious, and needs to be exposed,” Donohue said in prepared remarks for a speech in Des Moines, Iowa. “It is suffocating the entrepreneurial spirit.”

Donohue’s efforts contrasted with an initiative today from the AFL-CIO, the largest U.S. labor federation, which published a database of government statistics on 400,000 companies it found are exporting jobs. The competing complaints from business and labor reflected the election-season debate over how to revive the U.S. economy.

Running against free-trade deals and sending jobs abroad is a key to rounding up votes, especially among older women and independent voters, according to a memo issued yesterday by Democratic pollsters Stan Greenberg and James Carville.

‘Corporate Traitors’

“Stopping outsourcing is the solution people are talking about all over the country,” AFL-CIO President Richard Trumka told reporters today. “Working people will now have the ability to separate the economic patriots from the corporate traitors at the ballot box.”

Both of the Washington-based organizations said they are starting websites to share their information. The Chamber’s site tracks rules it views as stunting economic growth. The site is: http://www.thiswaytojobs.com/.

The Chamber, which will also run advertising on the theme, listed a series of regulations being considered by the Environmental Protection Agency as causing businesses to curtail new investments or expansion plans. Among them were radon rules for drinking water, lead-paint rules in building renovation and revisions to regulations on underground storage tanks.

Trumka said that many of the regulations opposed by the Chamber are necessary to reverse a trend of financial deregulation that’s gone on for decades.

“What the last 30 years has shown us is that there is a necessary level of regulation so that Wall Street and the rich can be held in check,” Trumka said. The Chamber’s approach “is what we did and this country went into a financial tailspin.”

State, Federal Data

The AFL-CIO’s new website is a compilation of state and federal data showing companies that the labor group says are shipping jobs abroad. The site is: http://www.workingamerica.org/jobtracker.

The union says it wants lawmakers to rewrite trade agreements and raise taxes on companies’ overseas income in order to curb what it says is an accelerating trend of companies shifting production to China and other nations.

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President Barack Obama s administration is imposing regulations that are suffocating the entrepreneurial spirit, the president of the U.S. Chamber of Commerce said. Tom Donohue, president of the largest U.S. business group, said the Chamber is launching a new political...
Thursday, 07 October 2010 02:01 PM
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