Roberto Abraham Scaruffi

The New Republic Daily Report
12/02/10

Obama Has Corporate America Right Where He Wants It Noam Scheiber 

Two weeks after a mid-term election in which the U.S. Chamber of Commerce helped thwart Barack Obama and the Democrats, the group’s CEO, Tom Donohue, gave a speech that read like a doubling down of sorts. “We cannot allow this nation to move from a government of the people to a government of the regulators,”he said. “Regulation is the vehicle by which some seek to control our economy, our businesses, and our lives.” Nor did Donohue leave any doubt about how he intended to prosecute this fight: “The Chamber will mount a vigorous defense and aggressive offense in support of the right to lobby, communicate with voters … and to do so without government harassment or undue restriction.” In other words, Donohue plans to spend gobs more money on lobbyists and ads to undermine Obama.

But, if you look at what Donohue had to say in a less scripted moment, it’s not clear that he and the Chamber feel quite as triumphal as they’d have you believe. Asked about Republicans’ mounting criticism of the Federal Reserve, Donohue sounded positively frustrated. “The Fed has over many, many, many years been particularly helpful to this government and to this country,” he lectured reporters. “We must maintain the independence of the Fed and be very, very careful not to louse that up on Capitol Hill.”

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China Can’t Fix North Korea, So Don’t Ask It To Try Joshua Kurlantzick *