Friday, October 15, 2010

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When Facism comes to America it will be 
wrapped in the flag and
carrying a cross.
 Sinclair Lewis
American Writer, 1885-1951
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Chamber’s Latest Lie

Chamber’s Latest Lie: Our Foreign Fund Raising Program Isn’t Part
of The Chamber

Last week, ThinkProgress published an exclusive story about the U.S. Chamber of Commerce’s foreign fund raising operation. We noted the Chamber raises money from foreign-owned businesses for its 501(c)(6) entity, the same account that finances its unprecedented $75 million dollar partisan attack ad campaign.

While  the Chamber is notoriously secretive, the thrust of our story involved the disclosure of fund raising documents U.S. Chamber staffers had been distributing to solicit foreign (even state-owned) companies to donate directly to the Chamber's 501(c)(6). We updated our investigation with a chart showing over 80 foreign companies giving at least $885,000 to the Chamber.

We documented three different ways the Chamber fund raises from foreign  corporations:

(1) An internal fund raising program called  Business  Councils used to solicit direct, largely foreign contributions to the Chamber,

(2) Direct contributions from foreign multinationals like BP,  Siemens, and Shell Oil, and

(3) From the Chamber’s network of AmCham affiliates, which are foreign Chambers of the Chamber composed of American and foreign companies.

The Chamber quickly acknowledged that it receives direct, foreign money, but simply  replied: We are not obligated to discuss our internal procedures. 

Instead of providing any documentation or proof to demonstrate foreign money is not being used  for electioneering purposes, the Chamber launched an aggressive media strategy to first: attack ThinkProgress with petty name-calling and second, to confuse the media by highlighting the Chambers relatively minor AmCham fund raising, which the Chamber says (also without documentation) totals approximately $100,000 from all 115 international AmCham chapters.

The media largely ignored ThinkProgress’ revelation about the Chamber’s large, direct foreign fund raising to its 501(c)(6) used for attack ads, and helped the Chamber bury our scoop with misinformation. Now it is peddling a new spin.

Yesterday, the Chamber’s Tom Collamore alleged that the Chamber’s foreign Business Councils are run as independent organizations. Repeating that myth today on hate-talker Glenn Beck’s  program, Chamber lobbyist Bruce Josten claimed that the Chamber’s foreign Business Council fund raising programs are completely unaffiliated with us. However, the Chamber’s own website refutes Josten’s claim.

The Chamber’s U.S.-Bahrain Business Council states that it is under the  administrative aegis of the U.S. Chamber of Commerce and is intended to operate as a tax exempt business pursuant to Section  501(c)(6).  Similar language applies to the other Business Councils.

The Business Councils are hosted on the U.S. Chamber’s website domain, and the Chamber Business Councils highlighted by ThinkProgress are all staffed by U.S. Chamber of Commerce employees.

All of the Chamber Business Council fund raising applications highlighted by ThinkProgress direct applicants, including foreign corporations, to make their checks out to the U.S. Chamber of Commerce, with related documents specifying its general 501(c)(6).

Promotions to join the Chamber have included promises that foreign firms obtain access to the U.S. Chamber of Commerce and everything that it does as well as pledges to help foreign firms promote free trade policies in America.

Staffers from the Chamber’s Business Councils have claimed they help their foreign (and domestic) members wage a two-front battle to knock down trade barriers abroad and keep our markets open at home. Currently, the Chamber has attacked Democratic lawmakers for resisting a free trade deal with Korea.

The  Chamber could have asked its foreign members and other foreign businesses to deposit their contributions in the Chamber’s Center for International Private Enterprise, an international Chamber-run 501(c)(3) nonprofit that does not run ads or any other type of political expenditure.

Instead, ThinkProgress revealed that the Chamber had asked foreign businesses to donate to the Chamber’s 501(c)(6), a tax identity allowed to run unlimited political attack ads.

On top of the Chamber’s latest deception about its foreign fund raising program, it has little credibility. The Chamber illegally moved money from AIGs tax exempt foundation to fund its attack ads in 2004. The Chamber also claims its current attack ad campaign is about issues.

But the Chamber begged President Obama to pass the stimulus (as long as he stripped out tough buy-American provisions), and is now running attack ads. Many of the ads the Chamber is currently running are filled with misinformation and flat out lies.

In fact, some responsible local television stations have even refused to run some of the Chamber’s partisan attack ads.

On Tuesday, appearing on Fox News, Josten claimed that only 60 multinational companies are members of the Chamber, and it receives only $100,000 from its foreign affiliations.

However, ThinkProgress blew this claim out of the water with proof that the Chamber is accepting at least $885,000 in direct donations from over 80 other foreign firms (in addition to the multinational members of the Chamber like BP, Siemens, and Shell Oil) against Democrats for voting for the stimulus.

Redistribution of Wealth to the Top--Mexican Style

Question: What caused the economy to tank in Mexico? Answer: Carlos Slim has all the money. He runs all the telecommunications. How did he get all that money?  Is he smart? Is he handsome? (I threw that one in. He’s uglier than a Chihuahua. No offense to Chihuahuas. They’re cute compared to Carlos.)

Here is what Forbes has to say about Uncle Carlos:

Net Worth: $53.5 bil
Fortune: Self Made
Source: telecom
Age: 70
Citizenship: Mexico
Residence: Mexico City
Education: Universidad Nacional Autonoma de Mexico,
                Bachelor of Arts/Science
Marital Status: Widowed, 6 children

The telecom tycoon pounced on privatization of Mexico's national telephone company in the 1990s. Today he is the world's richest person for the first time after coming in third place last year. Net worth up $18.5 billion in a year.

He recently received regulatory approval to merge his fixed-line assets into American Movil, Latin America's biggest mobile phone company. His construction conglomerate, Impulsora del Desarrollo y el Empleo, builds roads and energy infrastructure.

Slim is the son of a Lebanese immigrant. He also owns stakes in financial group Inbursa, Bronco Drilling, Independent News & Media, Saks and New York Times Co. Newspaper outfit's stock popped in early March on talk he might buy a controlling stake; he denies the rumor. He has donated $65 million to fund a research project in genomic medicine with American billionaire philanthropist Eli Broad.