Search This Blog

Thursday, October 28, 2010

U.S. Chamber wants to make it easier for U.S. Corps to bribe foreign states

Under George Bush prosecution of U.S. companies for foreign bribery virtually disappeared. The Obama administration is being a little more proactive and has collected $1.2 billion in fines in the first two months of 2010. By contrast, in 2007, the Bush administration collected $87 million in the entire year.

Either corruption has blossomed under Obama or the Bush administration turned a blind eye, as they did to so many things.

The U.S. Chamber of Commerce is campaigning to loosen the definitions of 'foreign official' and to exempt subsidiaries of U.S. Corporations. A couple of million goes a long way when corporations donate to the Chamber, the one that Glenn Beck says helps the "average American" and also accepts foreign funds for political campaigns in the U.S. even though they deny it vehemently.

More here.

No comments: