Monday, November 22, 2010

What the Secret Donors Want

You heard about all the secret donors to the US Chamber of Commerce. What do they want and why do they want to be secret?
According to tax records unearthed by Bloomberg News, the health insurance lobby secretly gave $86.2 million to the U.S. Chamber of Commerce in 2009 to try to prevent the health care bill from becoming law. The huge contribution — 40 percent of the chamber’s spending for that year — allowed the group to run ads against the bill without tainting the insurance industry, which was negotiating with Democrats on the bill at the same time.
Keeping donors secret allows corporate interests to advertise for what they want without the public being able to see their self-interest in action. Since when is it a good business model to do things which the public finds objectionable?

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