Originally posted by Tom Borelli on Conservative Review.
Hijacking the lobbying power of big business to advance the progressive agenda is a bedrock of President Obama’s political strategy. Fearing the wrath of big government, too many companies cower at President Obama’s feet and eagerly do the president’s bidding.
The establishment of a corporatist state will be one of the most destructive legacies of President Obama. Obamacare became law because big business wanted it and now a legion of companies are now backing the president’s climate change agenda.
With ObamaCare, fear of harsh regulations prompted pharmaceutical companies to work a deal with Obama on drug prices and drug re-importation. After securing favorable terms, the drug industry aggressively lobbied for ObamaCare including a $150 million advertising campaign.
Fast-forward to 2015 and a number of big businesses are tripping over themselves to participate in Obama’s American Business Act on Climate Pledge.
According to the White House, 81 companies have signed the pledge that includes supporting, “…a strong outcome,” in the upcoming United Nations meeting in Paris on climate change and a commitment “…to reduce their emissions, increase low-carbon investments, deploy more clean energy, and take other actions to build more sustainable businesses and tackle climate change.”
The backers of Obama’s climate change pledge represent a diverse array of companies ranging from technology, to consumer products and industrial companies. While some businesses like renewable energy companies see a profit motive by signing up, others are seeking a public relations benefit by siding with environmental activists and their media allies. Another group of companies see the pledge as a way to cozy up to Obama to prevent a regulatory attack from the government.
Fear, not profit, appears to be the motivation for some companies. Read more.