President Obama’s greatest strategic accomplishment during his first term was his recruitment of big business to join the existing collection of special interest groups within the Democratic Party.
The national impact of Obama’s collusion with big business can’t be overlooked. Big business helped deliver his biggest political achievement, ObamaCare, and it recently contributed to his victories with the fiscal cliff negotiations and the temporary extension of the debt ceiling.
The addition of huge corporate lobbying infrastructures to the existing left-wing coalition of unions, environmental activists, minority and feminist interest groups will fundamentally transform the special interest lobbying force in Washington. And as long as big business can profit from an expanding government, CEOs representing many corporations will support the progressive agenda of increased spending and government control over individual lives.
Last November, President Obama rallied leaders of big business to pressure Republicans to support his plan to avoid the fiscal cliff. After meeting with Obama’s key big business allies, General Electric CEO Jeff Immelt became a visible spokesperson for his goal of raising taxes.
During a December 2012 interview on “CBS This Morning” on the fiscal cliff, Jeff Immelt said, “We need revenue, everybody knows we need revenue…” and he added, “…Speaker Boehner is the only guy who can lead us in that… He’s gotta take the heat and I trust that he can do it.”
Read More at Real Clear Markets . By Tom Borelli.
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