- Posted July 9, 2012 by
This iReport is part of an assignment:
Are Conservatives Hurting Business?
The generally accepted maxim is:
conservative = good for business liberal = bad for business
But is this accurate?
Do conservatives and conservative lawmakers take positions and stands which are hurtful or detrimental for business and the business climate?
Conservative Republicans have roughed up the business community this year — and it's not over yet.
The U.S. Chamber of Commerce, the National Association of Manufacturers and major companies like Boeing Co. and Caterpillar Inc. all wanted quick reauthorization of the Export-Import Bank, which helps finance American companies' overseas sales. Congress had reaffirmed the independent federal agency some two dozen times since its creation in 1934. But this year it took months of pleas, briefings and negotiations to overcome conservative opposition.
Similarly, industries ranging from asphalt to steel pressed for the popular transportation bill to rebuild the nation's infrastructure. Conservatives wanted to give authority to the states. Nine short-term extensions later — and almost three years after the last transportation bill expired — businesses finally prevailed last month.
The business community is now pressing the Senate to ratify a treaty governing the high seas, arguing that it would open a new path to oil, gas and other resources and produce thousands of jobs. Prospects are uncertain as conservatives stand united in opposition. They condemn the pact as a threat to U.S. sovereignty.
Perhaps the most telling clue is that proponents call it the Law of the Sea Convention — shorthand LOSC — while opponents refer to it as the Law of the Sea Treaty — LOST.
Republicans like to tout themselves as the best friends of business, and the rhetoric only grows louder in an election year. They talk forcefully about their job-creation agenda and determination to undo the burdensome regulations they say arise out of President Barack Obama's policies.
Yet when it comes to many of industry's top legislative priorities, conservative Republican lawmakers and like-minded groups including the Club for Growth and Heritage Action have thrown up roadblocks to tasks that had been easy before the 2010 elections sent a large class of conservative tea party insurgents to Congress.
They and their ideological leaders argue that the marketplace should dictate what businesses thrive and falter, not Washington.
"What we find now is this cronyism and this corporate welfare, it's corrupting the politics because there's nothing now that goes through that doesn't have a corporate interest," Republican Sen. Jim DeMint told The Associated Press in an interview. "It's not just the Ex-Im Bank. It's the transportation bill that has huge entities involved. The farm bill basically guarantees large corporate farmers."
The South Carolina lawmaker warned that the combination of big government and big industry is creating a nation that is becoming "too big to succeed."
Democrats also are giving the business community fits beyond the normal ferment over workplace and union issues.
Industry and corporations are pushing for Congress to approve permanent normal trade relations with Russia this month, now that Moscow is slated to join the World Trade Organization. Normal trade ties would open Russian markets to more U.S. goods and investments. Russia has the ninth largest economy in the world, but its imports from the U.S. were a paltry $11 billion in 2011.
Democrats, led by Sen. Ben Cardin of Maryland, want to impose tough sanctions on Russian human rights violators, and Senate Finance Committee Chairman Max Baucus, D-Mont., has signaled he will link the human rights legislation to any bill normalizing trade relations.
Both Democrats and Republicans acknowledge that business prospects in Congress could become even more difficult next year if the November elections, as expected, increase the ranks of conservatives in the DeMint mold — especially in the Senate.
Do conservative lawmakers need to re-think their positions?
Do both Republicans and Democrats need to stop the posturing and do what is in the best interest of the nation to allow business to succeeed?
Are lawmakers keeping the economy hostage and sluggish for politiccal gain?
From the Cornfield, in politics there are never "best friends for life". There is only what is the most beneficial for the next election.
Some how, some way we need to change the mindset in Washington, DC.