Thomas Donohue

White House Brags about Exporting our Pyramid Schemes to Korea

The list of statements of support for the Korea Trade Agreement the White House sent out last night tells you a lot about what you need to know about the trade agreement. Among others on the list are Tom Donohue, whose laundering of foreign money into election coffers had a significant role in the shellacking Democrats took in November. Donohue thinks this deal is great:

This agreement will create thousands of new jobs, advance our national goal of doubling exports in five years, and demonstrate that America is once again ready to lead on trade. The administration has done its part. Now it’s time for the new Congress to make passage of KORUS a top priority in January. We will do everything in our power to round up the votes.

Then there’s John Engler, who for a while as head of the National Association of Manufacturers instituted a policy of refusing to meet with Democrats.

Then there’s the CEOs of credit card nation, Vikram Pandit and Jamie Dimon.

But to me, the most telling endorser of this agreement is Dick DeVos, the CEO of Amway and perennially one of the biggest single funders of the Republican Party. DeVos is thrilled because this will help Amway meet their growth targets.

Like most companies, we support a more competitive playing field. This new trade agreement allows Amway to continue meeting aggressive growth targets, and gives a much needed boost for all export business in Michigan.

So we’re going to push through this trade agreement so Dick DeVos can expand his pyramid scheme, get richer, and funnel that money into the Republican Party.

But then, I guess that’s what Pandit and Dimon have in mind, too.

Obama Sidles Up to the People Not Creating Jobs

From the Department of reading the wrong message in an election is this news, of Timmeh Geithner meeting with the Chamber of Commerce’s odious Thomas Donohue to talk about international issues (read: “let’s talk about other countries we can ship American jobs to”).

But this week, the Treasury secretary, Timothy F. Geithner, met with the chief executive, Thomas J. Donohue, to discuss international economic issues. In his news conference on Wednesday, Mr. Obama came close to conceding the chamber’s main argument, that American businesses had concluded — wrongly, in Mr. Obama’s view — that his policies were antibusiness.

“I think business took the message that, well, gosh, it seems like we may be always painted as the bad guy,” Mr. Obama told reporters. He acknowledged that a relationship with the business community had not been “managed by me as well as it needed to be.”

[snip]

“I’ve got to take responsibility in terms of making sure that I make clear to the business community as well as to the country that the most important thing we can do is to boost and encourage our business sector, and make sure that they’re hiring,” Mr. Obama said. “We do have specific plans in terms of how we can structure that outreach.”

The outreach includes the meeting this week between Mr. Geithner and Mr. Donohue, according to an administration official briefed on the discussions. The pair talked about the president’s coming Asia trip, including issues relating to the Group of 20 economic meeting, China and South Korea, said the official, who spoke on the condition of anonymity to discuss the private meeting.

Now, on its face, this is about Obama’s renewed push to sign a Free Trade agreement with South Korea, a country with no intention of engaging in Fair Trade with us.

But the Administration appears to want it to symbolize something larger–outreach to the people who have to start creating jobs to get our economy running again.

There’s a problem with that.

First of all, there’s the problem of the national Chamber’s increasing irrelevance to real American businesses. Individual companies are finding the Chamber’s willful ignorance to be detrimental to their business interests and general grounding in reality. Local Chambers are making an explicit point of distinguishing themselves from the national Chamber. And it’s not really clear whether the US Chamber of Commerce represents American companies more generally, or rather foreign business.

So at a time when both local Chambers of Commerce and individual corporations are signaling the national Chamber does not represent their interests, then why choose the Chamber as target for outreach? Why not reach out to those splintering from the Chamber’s explicitly anti-Democratic stance?

Furthermore, the companies whose interests the Chamber largely did boost this election have no interest in hiring. With money so cheap (thanks Helicopter Ben), they’re better off just playing more financial games than actually making something someone wants to buy.

Sure, Obama needs to listen to businesses to learn a little something about what will keep or create jobs in this country. But talking to Thomas Donohue about how to ship jobs away is not the way to do that.

Emptywheel Twitterverse
emptywheel RT @TimothyS: BAE buys IN-Q-TEL funded imagery and analytic company, firming up its intel ops. http://t.co/onrzEPCYpt
33mreplyretweetfavorite
emptywheel RT @mollyknefel: Misdemeanor arrests under de Blasio are higher than Bloomberg, with same racial disparity (86% black or Latino) http://t.c…
44mreplyretweetfavorite
emptywheel According to CIA Inspector General David Buckley, David Buckley didn't mean David Buckley's criminal referral to DOJ http://t.co/ThMsontX2z
45mreplyretweetfavorite
emptywheel @nickmanes1 It? You can get them all in one place without having to walk between gorges?
47mreplyretweetfavorite
emptywheel @nickmanes1 You gonna do it? It'd make a great storify if we cut it off before you exploded.
49mreplyretweetfavorite
emptywheel @sanasaleem "can" someone? Yup. But it'll get you branded a terrorist and jailed for decades.
1hreplyretweetfavorite
emptywheel RT @SAI: Google is taking apart its mystery barge that was going to be used for selling Google Glass http://t.co/OPlWfXt9wl
1hreplyretweetfavorite
JimWhiteGNV @bmaz @trog69 GNP had three versions when we bought. These were mid-price. Cat included for size reference. http://t.co/HOyOcpxLFE
1hreplyretweetfavorite
emptywheel Paul Ryan is lucky Eric Cantor exists to distract people from the fact he's almost as big of a clown.
1hreplyretweetfavorite
bmaz @JimWhiteGNV @trog69 Huh, just did little reading on GNP. Interesting! Looks interesting. Send me a picture of them, curious what look like
2hreplyretweetfavorite
emptywheel I learn from this Daily Beast article that John McCain is a Democrat. http://t.co/a9gGJYABms
2hreplyretweetfavorite
August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31