Business group blows $29 million on election losers
November 9th, 2012
08:45 AM ET
1 year ago

Business group blows $29 million on election losers

Washington (CNNMoney) – Most of the $36 million that the U.S. Chamber of Commerce spent on its pro-business agenda this election went down the drain.

According to federal records compiled by the Center for Responsive Politics, a watchdog group, $29 million of the money was spent in races that the Chamber's favored candidate lost.

FULL STORY

Filed under: 2012 • Chamber of Commerce • CNNMoney.com
soundoff (35 Responses)
  1. Rudy NYC

    More and more Americans are wising up to the fact that the right wing promises simply do not fit the facts. I will remember this election as the 'The Fact Checker Election', which is significant because the Romney campaign announced that they would let their message be dictated by fact checkers.

    November 9, 2012 08:55 am at 8:55 am |
  2. Squigman

    How many people could have been helped, jobs secured, businesses kept solvent, and stock holders appeased with these funds. Instead, the funds have to be squandered for the sake of political folly. Why try to reason with people like this?

    November 9, 2012 08:56 am at 8:56 am |
  3. plain&simple

    Just throw money at it.....We have plenty! Common theim in political circles. This last election was reassuring in that people actually paid attention to ideas,policy and information!

    November 9, 2012 08:58 am at 8:58 am |
  4. Wake up People!

    All that money down the drain and you found out you couldn't buy the White House. Too bad they couldn't have become job creators with that money.

    OBAMA 2012!!!

    November 9, 2012 09:00 am at 9:00 am |
  5. Pete

    Wall street and the rest of those ignorent racist investors,you know who you are must be ticked off because it was told from day one from intelligent political stratigist that of all the candidates it was Romney that the president wanted..And you know what you ignorent corporate elitist fell for it hook ,line and sinker ..Must also be lousey knowing now that Boehner,McConnell and your other obstructionists have their political backs up against the wall,the president will extend his hand in bipartisanship or he'll have his people in democrates show you the door.You lost and now the ball is in our court so play to help us get this country untracted or head on home ,the choice is yours because Americans have shown just how ticked off we are by sending most of your tea brained reps home and that's a sign if you don't work with us more of you to follow,get to work republicans or hit the road,the door swings both ways but not for you!!

    November 9, 2012 09:09 am at 9:09 am |
  6. Ancient Texan

    The PRO_BUSINESS group has the same rights as the ANTI-BUSINESS Obama administration. THe administration's re-election insures that small businesses will NOT start hiring for four more years. Over regulation, higher taxes, and the cost of Obamacare will haunt small businesses and throw the profitability into the porcelain receptacle.

    November 9, 2012 09:15 am at 9:15 am |
  7. GI Joe

    If corporations can waste that much money trying to push the bagger policies down our throats, they can afford to pay higher taxes and create jobs. The republicans will lose lots of seats in the House in 2014 if they continue their obstruction or keep attaching abortion bills to jobs bills. The jobs bills need to be sent thru both the House and the Senate with no amendments at all. They ran on jobs jobs jobs in 2010 – which was a bald-faced lie, now we have a chance to see jobs. If the REPUBLICANS FAIL AGAIN, they will be out the door. You heard it here first.

    November 9, 2012 09:46 am at 9:46 am |
  8. Mike-WA

    Make no mistake, the corrupt have been repudiated this round but they will be back. As long as they can so easily manipulate the minds of the hillbillies and the evangelical "fake" christians, they will also have power.

    November 9, 2012 09:55 am at 9:55 am |
  9. Ray

    Peanuts compared to what the successful unions paid so they can gouge the American taxpayer with higher pay and benefits than most make for similar work in the private sector.

    November 9, 2012 10:17 am at 10:17 am |
  10. Evergreen

    You can not have customers for your good and services if people do not have jobs. Creating jobs expands your customer base.

    November 9, 2012 10:19 am at 10:19 am |
  11. BLKMANinAmerica

    Wow, and all of it was because of HATE...............DISGUSTING! America has so far to go and really needs to grow-up. HATE is costing everyone in this country.

    November 9, 2012 10:24 am at 10:24 am |
  12. Sniffit

    "THe administration's re-election insures that small businesses will NOT start hiring for four more years. "

    And in 4 years, when Obama has created more jobs than Regan and both Bushes did, following in the grand tradition of Dems consistently doing so whiel GOPers claim that their own economic policies are actually better, then we'll all have a good laugh about the inaccuracy of your prediction and tighten our belts as the forgetful, imbecile America public likely elects another GOPer because we like to switch it up a bit and give the other guys a turn.

    Guess what? Experts had already been predicting the creation of approximately 12M jobs over the next 4 years. That's why Mittens was making that promise in the first place during the campaign.

    November 9, 2012 10:31 am at 10:31 am |
  13. Ancient Texan

    Ray- 100% correct. The unions' high wages and benefits are exactly why the car companies are in the shape they were and cities and states are broke from the ridiculous benefits that were given the unions in order to get their support in elections. The vicious circle continues.

    November 9, 2012 10:33 am at 10:33 am |
  14. Ray E. (Georgia)

    Well Lessee,
    With Obama Care being jammed down our throat employment will probably be stagnent over the next 4 years. In fact it may get worse. But let's see how it is 6 months from now. The Stock Market took a nose dive after the election. Some of you can't see the problem. The Bill is overdue and the people that voted for this monstracity will pay for it. So far all Omama has done is talk a good game. Why do some of you want someone else to pay your freight? Sorry. There is no more money Only Debt.

    November 9, 2012 10:40 am at 10:40 am |
  15. God bless EVERYONE IN A America

    Wesley Snipes said it best in passenger 57 always bet on black. I am playing I am not a racist so PLEASE do not get your panties in a bunch. I am glad that big business did not win out this time. I am hoping the nation can heal from this divisiveness and grow together.

    November 9, 2012 10:42 am at 10:42 am |
  16. Marie MD

    Money is important for a better life, sois education, but it's ice to know that we mericans cannot be bought by hating racists and liars.

    November 9, 2012 10:44 am at 10:44 am |
  17. Rudy NYC

    If conservatives are so RIGHT about everything, why is the planet still here? How come the sun rose the day after Election Day? What happened to all of your doomsday scenarios?

    Some people on the right are truly false prophets, especially the ones who believe that the Christian God would actually condone rape?

    November 9, 2012 10:45 am at 10:45 am |
  18. Malory Archer

    To borrow a quote from the Simpsons' Nelson Muntz: HA ha!

    November 9, 2012 10:47 am at 10:47 am |
  19. Rudy NYC

    Ray E. (Georgia) wrote:

    "....Some of you can't see the problem. The Bill is overdue and the people that voted for this monstracity will pay for it....."
    -----------------
    Want to see the problem. Look at the facts. Look in the mirror. Look at what the most recent decade of trickle down economics did to the annual deficit. It went from +$300B to -$1.5T, which is nearly a two trillion dollar difference.

    Conservatives are right about one thing, though. We need to stop spending so much money, especially on ridiculously expensive tax cuts for the elite and special interests.

    November 9, 2012 10:49 am at 10:49 am |
  20. Larry IN Houston

    Thank You Ms. Sniffit – for your response – Your last sentence beginning with "guess what" says it all. 12 million was going to happen, no matter what.

    Thank You CNN, for letting the PEOPLE express Their Opinions !!

    The PEOPLE has VOTED – Big Money didn't control THIS ELECTION, like it has done for the last 50 years !

    November 9, 2012 10:51 am at 10:51 am |
  21. Kirk in michigan

    Ray, your clueless about unions, public sector unions like teachers dont make ridiculuos salaries, its the non union employees, like school superintendants making 200k + salaries, detroit, warrren county, one of five buroughs in detroit, has 40 chiefs of police, not a union position, but at or near 6 figure salary that is where the lions share of the budget goes, same with uaw, hot shot 25 year old car designers making hunred million a year, yet you hear nothing about that, only how much union wages are the problem, same thing in bell county california

    November 9, 2012 10:57 am at 10:57 am |
  22. Malory Archer

    Ray

    Peanuts compared to what the successful unions paid so they can gouge the American taxpayer with higher pay and benefits than most make for similar work in the private sector.

    ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    Instead of hating on union workers who we all should thank for the 40-hour work week, overtime, child labor laws, safe working conditions and what few bennies non-union workers now get, why don't you demand that your employer provide you with ALL the bennnies afforded to unions. If it weren't for unions we'd all be much worse off. The only people who hate unions are greedy business owners who don't want to compensate their employees with livable wages, and their ignorant lackies who whine about union workers. Which one are YOU?

    November 9, 2012 11:01 am at 11:01 am |
  23. Kirk in michigan

    County municipalities should open theirbooks to the public, so they can see what position is making what, the fact that they are so secretive is how bell county california went bankrupt, mayor, police cheif, city manger, making 550k – 750k, that is why they dont show you, citizens would be peeved if they only knew the good ole boy politics are hurting your communities

    November 9, 2012 11:03 am at 11:03 am |
  24. Ray

    The Chamber of Commerce actually serves a purpose in growing business thats why they tried to oust our dismal failure of a President. Obama has been the most antibusiness President of my lifetime.

    November 9, 2012 11:04 am at 11:04 am |
  25. Sniffit

    "Thank You Ms. Sniffit"

    I'm a Mr., not a Ms. hehe

    November 9, 2012 11:05 am at 11:05 am |
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