This past week, The Huffington Post’s Paul Blumenthal offered up a piece of agitprop masquerading as trenchant political analysis. It seems – well, not seems inasmuch as Blumenthal pretty much declares outright – that he isn’t much of a fan of the U.S. Chamber of Commerce’s antipathy toward shareholder proxy resolutions promoting political spending disclosure policies. Likewise, writes Blumenthal, three other “usual suspects” – the Business Roundtable, the National Association of Manufacturers and The Wall Street Journal – are aligned with the Chamber against all that the left considers right and proper regarding corporate political transparency and disclosure.
In the article, tellingly titled “The Chamber of Commerce Is Fighting Fiercely to Stop the Scourge of Corporate Transparency,” Blumenthal writes as if guided by the hands of the Center for Political Accountability’s Bruce Freed and the religious activists at As You Sow and the Interfaith Center for Corporate Responsibility:
This spring, shareholders in more than 100 companies will introduce resolutions calling for greater disclosure of corporations’ political and lobbying activity. Six major companies — Dean Foods, Eastman Chemical, H&R Block, Marathon Oil, U.S. Steel and Valero Energy — have already reached agreement with New York state Comptroller Thomas DiNapoli, who oversees the third largest pension fund in the nation, to adopt political spending disclosure policies in exchange for the comptroller’s office withdrawing its resolutions.