Wednesday, October 06, 2010
DPNM Condemns Chamber of Commerce Ads Funded by Foreign Dollars, Calls On Pearce, Barela to Renounce Them
The Democratic Party of New Mexico (DPNM) today denounced the latest attack ads produced by the U.S. Chamber of Commerce in Congressional Districts 1 and 2. The reason: foreign funds donated to the Chamber helped produce the ads. The DPNM released the following statement about the advertising by Javier M. Gonzales, DPNM Chairman:
At a time when America’s small businesses continue to lose jobs that are outsourced to countries overseas, the U.S. Chamber has produced attack ads funded by foreign contributions. Both Martin Heinrich and Harry Teague, the respective candidates in these Congressional Districts, are fighting to keep jobs here in the U.S. and voted to close tax loopholes that send American jobs overseas. Congressman Pearce and lobbyist Jon Barela promised to protect certain tax cuts for companies which ship jobs overseas. When Pearce was in Congress, he voted for $42 billion in tax breaks for American companies that shipped jobs overseas.
Meanwhile, lobbyist Jon Barela vigorously lobbied George W. Bush for unfair trade deals to make it easier for corporations to ship American jobs overseas. It now seems foreign companies who got rich off Barela's actions are thanking him by funding viscous and misleading attack ads by padding the pockets of the U.S. Chamber of Commerce.
The Party asked Pearce and Barela today if they will publicly condemn the Chamber’s ads and request they be taken down. No response has yet been reported.
Chamber's Campaign Spending Huge
A report yesterday by ThinkProgress had this to say about the U.S. Chamber's political attack ads and the foreign money that is part of their funding:
The largest attack campaign against Democrats this fall is being waged by the U.S. Chamber of Commerce, a trade association organized as a 501(c)(6) that can raise and spend unlimited funds without ever disclosing any of its donors.
... As of Sept. 15th, the Chamber had aired more than 8,000 ads on behalf of GOP Senate candidates alone, according to a study from the Wesleyan Media Project. The Chamber’s spending has dwarfed every other issue group and most political party candidate committee spending. A ThinkProgress investigation has found that the Chamber funds its political attack campaign out of its general account, which solicits foreign funding. And while the Chamber will likely assert it has internal controls, foreign money is fungible, permitting the Chamber to run its unprecedented attack campaign. According to legal experts consulted by ThinkProgress, the Chamber is likely skirting longstanding campaign finance law that bans the involvement of foreign corporations in American elections.
Here's how it works:
... the Chamber has ... spearheaded an effort to raise money from foreign corporations, including ones controlled by foreign governments. These foreign members of the Chamber send money either directly to the U.S. Chamber of Commerce, or the foreign members fund their local Chamber, which in turn, transfers dues payments back to the Chamber’s H Street office in Washington DC. These funds are commingled to the Chamber’s 501(c)(6) account which is the vehicle for the attack ads.
Bahrain, India, China, Saudi Arabia, Russia ...
As examples, the article points out that the U.S. Chamber of Commerce has created a large presence in the small, oil-rich country of Bahrain, a similar set up in India, and many foreign “AmChams” or Business Councils that "operate outside the direct sphere of the U.S. Chamber of Commerce but nonetheless send dues money back to the U.S. Chamber of Commerce." In addition, the U.S. Chamber of Commerce "appears to rely heavily on fundraising from firms all over the world, including China, India, Egypt, Saudi Arabia, Brazil, Russia, and many other places."
Why are the U.S. Chamber of Commerce and its foreign corporate funders so hot to defeat Democrats?
The Chamber has repeatedly sent out issue alerts attacking Democratic efforts to encourage businesses to hire locally rather than outsource to foreign counties. The Chamber has also bitterly fought Democrats for opposing unfettered free trade deals.
Government Takeover by Foreign Corporations?
Ironic that the tea party types are hysterically afraid because of some myth concocted by Republican operatives that the U.S. has been taken over by Muslim, socialist, foreign-born Barack Obama. As we see from these developments, it sure looks like our government is actually in danger of being taken over by right-wing candidates supported by organizations with funding from foreign corporations -- even those that are controlled by foreign governments. I wonder if the Albuquerque Journal or the TV news boys will cover any aspect of this story. I won't hold my breath.
Marjorie Childress over at the New Mexico Independent has more.
October 6, 2010 at 09:44 PM in Corporatism, Jon Barela, NM-01 Congressional Race 2010, NM-02 Congressional Race 2010, Political Ads, Rep. Harry Teague (NM-02), Rep. Martin Heinrich (NM-01), Steve Pearce | Permalink
The US Chamber and their filthy money are literally buying our government or at least trying to. They have so much money from American corporations (if there is such a thing as truly American corporations anymore) and these foreign nations that run slave labor camps to produce goods for sale around the world that they are now trying to buy state governments not just US Senate and House seats.
The Republicans here are only too happy to work hand in hand with these forces working to take all our jobs overseas. Republicans like to run on supporting small businesses and creating jobs yet they are the beneficiaries of huge amounts of money and advertising from the very people who are making sure the jobs aren't here.
I can't believe voters would be so naive and support corporate shills like Barela, Pearce and Susana Martinez. But anything is possible with the same corporations owning the media.
Posted by: Stop Corporate Takeover | Oct 7, 2010 9:05:55 AM
This should be the issue Democrats should push in this election.
the U.S. Chamber of Commerce has created a large presence in the small, oil-rich country of Bahrain, a similar set up in India, and many foreign “AmChams” or Business Councils that "operate outside the direct sphere of the U.S. Chamber of Commerce but nonetheless send dues money back to the U.S. Chamber of Commerce." In addition, the U.S. Chamber of Commerce "appears to rely heavily on fundraising from firms all over the world, including China, India, Egypt, Saudi Arabia, Brazil, Russia, and many other places." [emphasis mine]The "US" Chamber of Commerce is really the Multinational Chamber of Exploitation.
Posted by: Proud Democrat | Oct 7, 2010 1:00:20 PM