Friday, October 22, 2010

Business political influence

As a young fellow in the 90s and a newbie to the world of jobs, I realized that we might have the power of the vote but we are prisoners to the companies that employ us. Political freedom is nought then. Eventually business will find their way into government power and I discover that indeed it was so, but that corrupting adventure might be coming to an end.

Breaking News Alert
The New York Times
Thu, October 21, 2010 -- 5:53 PM ET

Top Corporations Helping U.S. Chamber of Commerce Influence Campaigns

Prudential Financial sent in a $2 million donation last year
as the U.S. Chamber of Commerce launched 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 new rules to tighten 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 seeking to
limit the ability of trial lawyers to sue businesses.

These large donations -- none of which were publicly
disclosed by the chamber -- 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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