But there's another reason Obama is running low on enemies: He's already bought off many of the most powerful industries and businesses.
Look at health care, where Obama has brought the name-brand drug makers on board to his reform with promises of subsidies and pledges not to attack the industry's special favors. Look at cigarettes, where Obama signed a tobacco regulation bill with the firm backing of Philip Morris.
And of course, look at climate-change legislation, where Obama has on his side coal giants like American Electric Power, manufacturing giants like Nike, agribusiness giant Monsanto, and lobbying giant General Electric, to name a few. The Democrats have bought off these special interests by rigging the legislation so that taxpayer and ratepayer money is funneled into corporate coffers.
So why hasn't Obama won over the Chamber of Commerce on his regulatory pushes?
The problem is that the chamber is so varied. Its members are manufacturers, service businesses, high-tech companies, finance companies and everything in between, ranging in size from Exxon to Mom & Pop, and in geography from Anchorage to Miami.
Wednesday, October 21, 2009
The Chamber fights Obama's regulatory robbery
My column today makes sense of some of the sound and fury these days about the U.S. Chamber of Commerce.