Drill, Gamble, Loot, Starve: The Chamber of Commerce, the GOP, and the Politics of Plunder

The United States Chamber of Commerce has released an "open letter" to the President, Congress, and the American people which contains its blueprint for our political future. It lays out the current Republican playbook in stark terms, and it reads like the battle plan for those alien spaceships from Independence Day: Drain the resources, take everything from the population, strip the land to a husk... and then presumably sail away in mile-long spaceships toward the next targeted planet.
What we're seeing is the Politics of Plunder, revealed in all its nakedness. There will be another example of this corporate-driven mindset this week, possibly even today, when all but a handful of Republican Senators vote against a moderate set of curbs on Wall Street excesses. The Democratic Party may disappoint its supporters from time to time, but it seems that Republicans never do -- once you accept the fact that its real "supporters" are the mega-businesses represented by the Chamber of Commerce. Some of the delegates who chanted "drill, baby, drill" at the GOP Convention are staring out their windows at oil-soaked beaches, while others have gone broke in an economy ruined by Wall Street gambling. That won't stop the Politics of Plunder. (Come to think of it, "drill, baby, drill" would have been a perfect motto for those spaceships.)
To be clear, the Chamber of Commerce isn't the political lobbying arm of "business," as it sometimes claims. It specifically serves the interests of massive businesses, which are often at odds with the needs of small and medium enterprises. Any CEO of a smaller company who's pressured by one of the Chamber's sales representatives to join, as I was in my business life, is being asked to subsidize policies that will benefit the Chamber's mega-donors -- often at her or his own expense. The Chamber's letter serves those mega-interests well, and we can expect most Republicans to follow it in lockstep, no doubt with cheering crowds pumped up for the same old chants and a few new ones.
"Drill, baby, drill." The lessons of BP are lost on this crowd -- or, to be more accurate, they don't matter. The Chamber's letter says that "there are numerous oil, gas, and shale leases on our lands and off our shores that are currently inactive. Some estimates show that they could generate as much as $1.7 trillion worth of royalties over the next 10 years. (Note: We heard that using 10-year timelines to create impressive-sounding numbers was "cheating" when the Administration did it.) Tapping these reserves would create direct federal revenues and hundreds of thousands of jobs."
The devastation of our Southern coastlines has not dimmed the Chamber/GOP crowd's thirst for drilling in costly, inaccessible, and dangerous areas. This letter, purportedly about "jobs," ignores the many jobs that have been lost because of the spill, and the thousands of small businesses devastated by the loss of fishing and tourism. It doesn't matter: The Politics of Plunder demands revenue for the largest businesses -- most of which would be generated by foreign sales of these resources, and very little of which would be returned to the US economy.
"Gamble, baby, gamble." Millions of American jobs were lost because of Wall Street's reckless, runaway gambling binge. The Chamber/Republican response is to whine about the Dodd/Frank bill, which is nothing more than a simple first step on the road toward comprehensive financial reform. "The soon-to-be-finalized financial regulatory reform legislation creates over 350 regulatory rulemakings, 47 studies, and 74 reports," the letter reads, "dwarfing anything in Sarbanes-Oxley."
The use of these kinds of numbers is a common rhetorical trick for the megabusiness/GOP crowd. Somehow we're expected to believe that the leaders of major corporations are overwhelmed by the complexity of "350 regulatory rulemakings" -- as if they don't have people who handle that sort of thing. Remember, we're talking about Wall Street here: banks and hedge funds, here not Norman Rockwell small-town grocers who will be overwhelmed by paperwork. The real purpose of this complaint is to provide cover for all those "no" votes we will see this week - each of which is a vote to continue the enrichment of wealthy financiers at the expense of the American economy.
"Loot, baby, loot." The GOP and its Democratic Blue Dog sympathizers don't want to vote for unemployment benefits or stimulus programs because, we're told, they're so concerned about the deficit. But when it comes to preserving tax cuts for the wealthy it's "deficits be damned." Sen. Jon Kyl's recent comments on the subject expose the inconsistency.
Here, too, the Chamber slavishly serves the mega-wealthy at the expense of other businesses and the American people. "(J)ust six months from now," their letter reads, "Americans will be hit with the largest tax increase in history in precisely those areas that would have the greatest negative impact on investment and jobs -- individual tax rates, dividends and capital gains taxes, the death tax, and the alternative minimum tax." It's economic nonsense to say that these are the areas that most impact investment and jobs. What's more, these taxes on the wealthy have been artificially low in recent years, adding to the deficit while doing very little to stimulate the economy.
The Chamber's use of the ideological phrase "death tax" to describe the estate tax masks the fact that they're talking about a 2009 law that allows wealthy heirs to inherit up to $10 million while paying no taxes at all, while people who work for their money pay at the usual rates. (If you want to amuse yourself, do a Google search of right-wing "tax justice" websites that rail against lifting this exemption and try to find one that mentions the actual numbers involved. They don't want you to know who's actually getting this tax break. It should be called the "Poodles for Paris Hilton Act.")
"Starve, baby, starve." The letter says that "The Chamber looks forward to the report due later this year from the National Commission on Fiscal Responsibility and Reform." (Yeah, you bet it does.) "However, we already know that mandatory spending, especially in entitlements, is the primary culprit." Now that its clients have devastated the economy, robbing people of jobs and much of their savings, the Chamber is targeting an "aging population" in order to slash Social Security and other entitlement programs. Social Security is solvent for many more years and minor adjustments would make it completely viable indefinitely. But the mega-wealthy Chamber/GOP agenda demands that Social Security payroll taxes be redirected toward other government programs so they can fund further tax cuts for the rich.
Voters care more about helping the unemployed and getting Americans back to work than they do about cutting the deficit. Budget-slashing is a Washington fixation only, fueled by the think tanks and lobbyists that the Chamber/GOP crowd funds and promotes. But Chamber-driven Republicans hope that the public won't understand what they're doing, counting on "fatigue" and confusion to provide a smokescreen for the Politics of Plunder.
Those shadows over the nation's cities aren't spaceships. They're the very real threats that continue to loom over us: Continued unemployment. A damaged environment in risk of even greater devastation. Generations of older Americans who might be left without financial security. Republicans and the Chamber of Commerce want to use our economic crisis as a "shock doctrine" moment to pass measures that will continue a massive transfer of wealth to the upper one percent, while mortgaging the country's future to the economic interests that have already served it so poorly.
As the vote on financial reform will once again illustrate, this is not a movie.
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This post was produced as part of Curbing Wall Street , a project of the Campaign for America's Future.

"Welcome to Earth."
On the upside, just like the PNAC manifesto, "they" always tell you what they're going to do. Even as BS crazy as it sounds, we need to start taking them at their word. This is what they want.
The lack of attack by Democrats the republicans are in line to take the most of the seats in the coming elections.
What have democrats done prevent this. Nothing..
Republicans have complete access and control of the news media and what information is giving to American citizens. And the democrats have been kissing their a... and doing nothing to attack them except a couple of whispers.
They can say was they please about the health bill they past being liked by most Americans , but this is propaganda. You saw their numbers drop like h.ll once it was past.. They started loosing seats also... The Independent voters turn on them. They also did not like the bailout or not creating jobs for our infrastructure.
They should have said the h.ll with the republicans if they wish to be obstructionists then ok.
With the democrat (supposedly) controlling the Senate , House and White House , they do not have the backbone or guts to use the simple majority to pass real changes for American citizens. This is if you call the blue dogs and most of the centrists real democrats instead of corporate republicans. This is the problem with our democracy when you have secret behind closed door policies with these Global Empires.
Until you breakup these Global Empires (Monopolies) American citizens will be out in the cold on every major decision this government makes.
We keep hearing this bipartisan BS as if American voters voted for the same old lies , deceit and destruction of the previous criminal administration.
H... Emanuel , Obama , Axelrod and the democrats did not have the will concern or backbone to prosecute Bush , Cheney , Rumsfeld , Rove or any criminal for the crimes and destruction of the previous administration.
Bush , Cheney , Rumsfeld , Rove and other criminals are walking the street instead of serving their time in JAIL>>
None
stealth Republicans. Wolves in sheep's clohing.
To paraphrase Maya Angelou: "When someone tells you where they are coming from and what they intend to do, listen to them."
But this is what the American People WANT!!!
They don't want unemployment insurance. It pains them to see other people living in the lap of luxury on the government dole, while they slave away flipping burgers 'cause they let their manufacturing jobs get shipped overseas so America could bask in the light of their low priced flat screen tvs.
They don't want regulations. It limits the chance at the big payoff in the great casino of the free market.
They don't want a clean environment. I mean...hell...all those dirty polluting jobs are all they have left.
They don't want single payer healthcare. It's communist! Hell, they don't want ANY government run healthcare...cause...ya know...its all those slackers with no jobs again, gettin' sick for free!
Vote GOP and move forward to the 18th Century.
are making me sick. Not free sick, costly sick.
Is how the democrats and republicans which have joined the Independent party control the elections and policies.
The right wing republican party we know will vote for every corporate policy they demand and policy to enrich the pockets and control of the wealthy. Even foreign corporations. If fact they use our tax money to keep these foreign countries on their side.
The progressive & left democrats will vote ****il some get to the point where they are really pi..ed off at watered down policies the democrats let the republican enforce) for democrats.
So everyone wants the Independent's vote because their vote usually will decides the winner. (unless the votes are close enough for the republicans to by with their fixed corporate own electronic voting machines).
Now with the extreme right conservative judges on the Supreme court and other courts as in Texas ,,, will make corporate decisions/policies which slipped through their controlled elected officials.
It happens day after day and no one seems to care enough to stop this destruction to Americans and our? country..
None
I joined the "Chamber" for my small business. The day I got a fax from them, telling me how to vote in an upcoming election, I called them and cancelled my membership. Didn't realize what they really were, but knew I didn't want any part of it.
explain why you should vote their agenda? I don't see any benefits explained in their letter other than greed.
they have is NO
the CoC laments that '20 million jobs were not created. this coming from the lobbying group that has championed off-shoring jobs, and worked to financially knee-cap the middle class.
also, note the mention of 'job-killing regulations', after they discuss the 'greatest economic crisis since the great depression.' as if the deregulation of the financial sector had nothing to do with the financial collapse. nope. that dog don't hunt.
the CoC is ok with govt spending (see, TARP) as long as govt spending is used to bailout the financial industry.
the CoC solution to what ails us is to reduce taxes on the wealthy, and corporations, reduce social spending, privatize social programs, deregulate and privatize infrastructure.
Need to cut these Global Monopolies off at the knees.
Bank with you local banks.
Do you realize that once this government started this 401 retirement program that these Global Banking Empires have become more corrupted and arrogant than every before.
With the criminal actions from wall street and the banking empires they have taken over half if not more of the saving of working class and seniors in just a couple of years.
NO one can tell me that these actions along with the tax breaks and outsourcing of manufacturing plants and over 9 million jobs was not plan in order to destroy the American working class , the unions and all control they might have over the action of these Global giants.
No other country would ever put up with the crimes and BS with is being done to Americans 24/7.
The government keeps talking about other country's corruption and have no democracy , yet I no longer see any here..
This military industrial complex have just about full control of our nation now..
What other country takes over 54 percent of their national budget to spend on the military in trying to colonize the world..
None
They didn't plan to destroy the American working class. That was just the consequences of their actions. The plan was to make more profit, with no regard whatsoever to any class but their own.
the Democrats should be able to enjoy a tsuanmic sweep in the election in November.
HOW.
Republicans with their controlled news media has split Americans into many groups. These different groups are more concern about fighting one another , then what they are fight about or for.
Just look at the BS that has/is being propagandize 24/7 which is nothing but lie , deceit and BS..
Most of Americans which really follow what is happening knows the lies and BS from the facts. But Americans which have been brain washed will believe this because they are uninformed or want to believe this BS because of the hate implanted in them by the corporate own news media , and their own bias
None
The question is which side will win.
1. The Dems who keep shooting themselves in the foot by betraying and demoralizing their base
2. The Cons who keep making the mistake of telling people where they really stand.
Both sides are making big mistakes. The question is which one will cost which side more? Personally, I've got a bad feeling about this.
You are certainly right when you say you were pressured to join. It's pretty scary to a small business to see a man in a dark suit, carrying a briefcase and flashing an official looking identification card. He then says coldly "I'm with the United States Chamber of Commerce. I'd like to ask you some questions." This happened to me twice. The second time I lost it and threw the creep out and told him to never come back. I then posted the Chamber's logo on my door with the international "NO" symbol (circle and slash line).
With all the same lies about how they're looking out for small businesses like mine. BS. I'm just glad I'd already heard enough about the CoC that I knew to throw him out.
I think the CoC is as much a front group for Big Business as the tea baggers.
It's actually a pretty sweet deal if you think about it. Get small business owners to pay for the lobbying of big business owners. As Borat would say: "Niiiiiiiice."
What is needed is a similarly disingenuous campaign in favor of the “death tax”.
Since most Republicans and Neo-con followers haven’t really figured out what is going on (or are too stupid) they can be persuaded to support the tax by telling them if they refuse to pay, they won’t be allowed to die,
"There are some upon this earth of yours," returned the Spirit, "who lay claim to know us, and who do their deeds of passion, pride, ill-will, hatred, envy, bigotry, and selfishness in our name, who are as strange to us and all our kith and kin, as if they had never lived. Remember that, and charge their doings on themselves, not us."
The oppressed will often identify with their oppressors, much as a battered spouse identifies with her/his abuser.
Then, there's the ubiquitous wealth carrot meme (eg, you too can be wealthy if you work hard and spend frugally). I am astonished at the number of low income and low middle income people who buy this fallacy. Sad, too, the number of high middle income people who self-identify as members of the wealthy elite.
Regardless of what anyone tells you, we are witnessing the death throes of the current incarnation of capitalism. How this will alter our economic behaviors remains to be seen, probably not until we absolutely MUST respond differently given our species' tendency to procrastinate and externalize responsibility.
The Chamber and its ilk, like the uber wealthy, are not likely to survive what's coming, particularly since they've worked so very hard to nurture rabid racism and divisiveness among the hoi polloi.
Why don't you just sum it up as False Consciousness
Or how some here put it
Stockholm Syndrome?
Diabolus est Deus Inversus
Stockholm Syndrome
I thought that was a social disease you caught hanging out with the Swedish Bikini Team.
Or is it the 4 hour erection you're supposed to call your doctor about?
Vote GOP and move forward to the 18th Century.
Only if she's a female doctor
Which she is...
Diabolus est Deus Inversus
more suicidal people in my life. 18 months ago the economy also imploded. Many businesses went bankrupt. All this because of deregulation. And now they want more deregulation. It hasn't dawn on them that ripping of your customers and mis-treating your workers might not be good for business in the long run. You might make some money in the short run but you will be a loser in the long run.
The ultimate capitalist would be spinning in his grave over this stuff...
"There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible."
- Henry Ford
The current free market seems to only remember that middle part...
"I could give a flying crap about the political process.... We're an entertainment company."
- Glenn Beck - Forbes interview; April 26, 2010
Ted Baxter from the Mary Tyler Moore show?
That would explain alot.
They are the Group of Plunderers - and definitely NOT conservative.
Sounds like the name of a law firm
Or a punk band...
Diabolus est Deus Inversus
The republican party represents a very real threat to not just America's well being,but by proxy the rest of the planet.
"To me, truth is not some vague, foggy notion. Truth is real. And,
at the same time, unreal. Fiction and fact and everything in between,
plus some things I can't remember, all rolled into one big "thing."
This is truth, to me. "
-Jack Handy
Proxytoots?
Diabolus est Deus Inversus
There is only one party in America...The Business Mans Party. America, not Republicans, represents a very real threat to the planet. EG: 1. 700+ armed to the teeth bases around the world.
2. 200 + military interventions since independence..virtually continuous war
3. Support for every stinking military torture state on the planet. 4.Narc o trafficking 5. Food futures speculation that causes millions to starve.
6. More people in jail than any other country.
7. Torture as a routine policy
I could make it to a hundred but u get the picture.
Easter Island probably had a Chamber of Commerce that advocated the same thing.
to The CoC:
http://www.huffingtonpost.com/2010/07/15/whit...
Watch it happen.
The push to placate business leaders is being led by Obama's political team -- in this case, senior adviser Valerie Jarrett and Chief of Staff Rahm Emanuel.
There's a fucking shock.
Vote GOP and move forward to the 18th Century.
the CofC!
"By straying from the proven principles of American free enterprise, policymakers are needlessly prolonging the economic agony of the recession for millions of Americans and their families."
The reason we're in a depression is because of CofC policies. Going back to CofC policies would turn it into a great depression. But as long as they get rich, they don't care. They are far worse than the supposed terrorists of which we're supposed to be afraid. Terrorists could never hope to inflict as much damage as the CoC.
who the Chamber actually represents. "It specifically serves the interests of massive businesses, which are often at odds with the needs of small and medium enterprises." This is important distinction and one that is rather important right now. It is the small and medium sized domestic businesses that will provide the real job growth and they are the ones policy should be directed at helping.
Hasa Diga Eebowai
I find it funny they want surface transport privatized but in the same 4 pages they want Congress to spend money (taxpayer $$$) on upgrading said surface transportation. In other words, sell land and water based routes to companies that can charge fees for usage but force taxpayers to foot the bill for construction and maintenance.
My family owned a small business that was put under from regulations. Those regulations did not come from the people but were force fed by large business to rid the small guys from the market. They figure put the little guys out, hire them to do the job and then maximize profits by paying the little guy a fraction of the money they earned for doing the task on their own.
Kinda like in Florida where Insurance Companies have forced hurricane regulations down everyone throats for building but have yet to lower any premiums for people complying with the regulations. Want to replace a window? Get a building permit that forces an inspection for compliance. The window must be wind rated as per the state guides for the area the house is in. If the glass is not impact rated for debris, you must install hurricane shutters or fail the inspection.
Insurance companies got these regulations pushed through but won't pay for the added costs of the regulations. Privatizing profits and socialize the costs.
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