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Big business prepares for a less friendly Washington

November 7, 2008

After years of playing offense, big business is getting ready for the less familiar role of playing defense following President-elect Barack Obama’s victory and legislative gains by other Democrats.

 

Corporate America enjoyed favorable treatment under the Bush administration for almost eight years and for most of the era of Republican control of Congress from 1995 to 2007.

Now unions may gain a stronger hand, and business is bracing for greater financial regulation, worker-friendly policies and an emphasis on social spending.

 

From a guarded view on trade to expanded collective-bargaining rights, there’s a new wind blowing through the Capitol and big business groups are bracing for a storm.

One reason they’re sure to find a less sympathetic ear is that members of groups such as the National Association of Manufacturers and the U.S. Chamber of Commerce spent big bucks trying to defeat Democrats in congressional races.

 

Read Article: Miami Herald

 

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