Media Bias Meets Corporate Ingratitude

Obama is the anti-business President.  How do we know?  Just turn on any media outlet on TV, and that’s what they tell you, except for MSNBC, where they tell you that only half the time.  The problem is that it is a Republican/Corporate lie.  Obama has done more for business than any President since FDR.  But that is not enough for the largest, most greedy, and most criminal corporations.  What they want is to continue the same criminal practices that trashed our economy to the tune of $8 trillion lost, made millions homeless, polluted the Gulf of Mexico, and 45,000 Americans every year for lack of health care, and rip us off on a daily basis.  They have bought and paid for the Republican Party, along with a handful of Democrats, to fulfill those ends.

Over the weekend, CNN’s Ed Henry drummed up the idea that President Obama should to go to the U.S. Chamber of Commerce, the world’s largest right-wing big business lobby, to give a speech as a “peace offering.” The Chamber, which helped kill President Obama’s initiatives on climate change, clean energy, labor reform, and lobbied against Obama’s reforms on health care and Wall Street reform, also funneled $75 million into helping elect Republicans in the midterm elections. “It would be particularly good timing for Obama to try and set the agenda and tee up his State of the Union address later in the month, not to mention hit the reset button on his fractured relationship with the business community,” wrote Henry, eagerly cheering on the move. Yesterday, the Huffington Post’s Sam Stein confirmed that administration officials are indeed interested in reaching out to the Chamber.

However, Henry, in advocating the speech, promulgates falsehoods manufactured by the Chamber. First, Henry claims that Obama’s visit to the Chamber would help “bury the hatchet” with the “business community.” The Chamber does not represent the entire American business community — not by a long shot. Although the Chamber has misrepresented itself and claimed to represent 3 million businesses (later modified to 300,000 after a Mother Jones exposé), in reality it actually represents a small group of multinational corporations. In 2008, half of its donations came from just 45 corporate donors. In 2009, nearly half of the Chamber’s money came from a single donation from the health insurance industry trade association. Moreover, the Chamber doesn’t appear to truly care about jobs or small businesses — evidenced by the fact that the Chamber killed legislation to create millions of new clean energy jobs and expand America’s competitive advantage in clean energy technology… [emphasis added]

Inserted from <Think Profit>

This is the BS that corporate giants are feeding the media.  And if it were not BS, tell me how it is that corporate profits hit a record high under Obama?

U.S. companies hauled in profits at a record annual rate of $1.66 trillion dollars in the third quarter, according to a report by the Department of Commerce Tuesday containing a number of economic indicators.

Corporate America is making a strong comeback this year. The rate of growth is set to be one-third faster than the last two years, which hovered around $1.2 trillion.

Firms, however, are still hesitant to pick up hiring at quite the same pace. Faced with consumer demand that’s still slack, companies have been more inclined to hold cash on their balance sheets. The unemployment rate was at 9.6 percent in October… [emphasis added]

Inserted from <Washington Post>

If that profit gone to hire new employees, we could have had 16.66 million family wage jobs at $100,000 each.  However, much of that profit comes not from providing goods and service, but from transferring wealth from the poor and middle classes through outsourcing and speculation.

Chris Hayes and Heather McGee enumerate the things Obama and the Democratic Party have done for business and detail the response by giant corporations and their paid lackeys, the Republican party.

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If nothing else, business should be grateful, because, if Republicans has stayed in power in 2008, business would be out of business today.