The Same Old Story: Why the U.S. Chamber of Commerce Needs a New Tune
Every January, U.S. Chamber of Commerce President Tom Donohue gives a speech detailing the organization’s agenda.
Each year, he touches on the same tired arguments about how America needs more so-called free trade, greater investments in dirty energy, and less government oversight, and then rattles off a laundry list of supposed unfair burdens to business. One of his favorite targets is government oversight through regulation.
2011 – “In recent years, we have seen an unprecedented explosion of new regulatory activity. Furthermore, the administration is likely to turn increasingly to the regulatory agencies now that getting legislation out of Congress could be more difficult. The resulting regulatory tsunami poses, in our view, the single biggest challenge to jobs, our global competitiveness, and the future of American enterprise.”
2012 – “The regulatory avalanche confronting our job creators is unprecedented.”
2013 – “Here’s another big issue for us. We need to address the coming flood of new regulations that will discourage our job creators and damage our competitive edge in the global economy.”
And this year was no exception:
2014– “How will an avalanche of confusing and conflicting regulations on energy, the environment, capital markets, and workplaces impact business operations just as things are starting to hum?”
But bemoaning a purported regulatory attack on business was even less credible than usual following a year where both corporate profits and stock prices have hit all-time highs.