Chamber of Commerce logoThe Chamber of Commerce has a plan to improve health care: Do Nothing. If you can’t force nothing to happen, enact the policies of George Bush the (hopefully) Last. This is a comprehensive plan, applying to financial regulation and energy policy, among others.

Take health care. Oh yes, the Chamber wants changes.

We have been a consistent advocate for the expansion of health care IT, an emphasis on prevention and wellness, and pay-for-performance. Sen. Kennedy’s bill has some positive aspects, such as health care Gateways (allowing one-stop shopping for health insurance) and guaranteed coverage without regard to preexisting conditions.

But don’t do anything else. Employer mandates will cause layoffs and firings. The public option is an unfair competitor to the private health plans. Then there’s this unintelligible jewel:

A minimum benefits package might force all health plans to be expensive "gold-plated" plans. Health reform needs to be affordable, or it will not be successful.

On health care, at least, the Chamber has stepped out in front of some of its largest members. From Bloomberg:

In an opinion editorial earlier this month, Wal-Mart President and Chief Executive Mike Duke said health care “is too important to let special interests choose sides, go to their corners and battle it out.”

Other employers agree. A coalition including AT&T and Intel says:

“We think it’s important to take a deep breath and look at things calmly,” she said. “When we see a whole bill we will be able to have a rational reaction.”

The Chamber is ramping up its irrational reaction, claiming its members have sent 36,000 letters, faxes and e-mails since June 17 on the health care issue. We can expect greater and greater doses of e-mails, visits to congressionals and staffers, and the usual campaign contributions.

And lobbying. Jill Richardson at La Vida Locavore does the spadework and tells us that the Chamber leads the list of spending on lobbying for the first quarter with $9,996,000.

On financial regulation, the Chamber has the same do-nothing plan: better regulators and a bit more information for them to work with; maybe some minor changes to the derivatives markets. But protection for investors and borrowers, systemic risk regulation, proxy access so shareholders can protect themselves from rapacious corporate managers, and “inflexible regulation”, NO. Do nothing. Because, after all, the big problem is Capital Formation. And here I thought the big problem was the ocean of money coursing through the financial system, and destabilizing everything in its lust for higher returns. And you have to love the conclusion, apparently written by someone who hadn’t read the rest of the position paper:

We hope the Administration has not listened to those who only want to tinker at the edges. We believe it will be best for our long term recovery to emerge from the crisis with a comprehensive overhaul and modernization of the regulatory system. If not now, when?

More of the same on energy: cap and trade is a tax increase that will increase dependence on foreign oil and get people fired from the oil industry and other jobs. We need to drill here and right now. We need to give the oil industry more favorable tax treatment. We need to encourage spending on natural gas. It does seem like this might have had some input from Exxon Mobile, the number two in lobbyist expense in the first quarter, at $9,320,000, heading the six oil contributors in the top 45, with a grand total of $30,900,000.

If it weren’t for all their money, no one would pay any attention to the continued efforts of the Chamber to enact Bush policies.

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