
Ten Things the Democrats Can Do to Hold Corporations Accountable
By Charlie Cray and Phil Mattera, TomPaine.com
Posted on December 22, 2006, Printed on December 23, 2006
http://www.alternet.org/story/45775/The midterm election demonstrated a deep dissatisfaction with the Bush administration's handling of the war and with the cornucopia of corruption that infected the Republican-controlled Congress. Yet it was more than a partisan victory for the Democrats. It also represented a popular backlash against business-friendly policies that have left many Americans behind.
The new Congress faces a staggering list of corporate abuses that have been ignored by lawmakers for years -- including executive pay levels that remain out of control, rampant contract fraud and war profiteering in Iraq and at home, widespread corporate tax avoidance, the offshoring of well-paying jobs, and the shredding of health, safety and environmental standards. It's enough to keep many congressional committees working overtime for years.
But the election must be seen as much more than a rejection of government of the Halliburtons, by the Enrons and for the Pfizers. It was also a sign that the myth of the good corporate citizen providing for broad prosperity has been punctured, providing an opportunity for deep change in the entire relationship between government and big business.
Some of the initial measures planned by Democrats, such as a minimum wage increase and a rollback of oil industry tax breaks, will begin to rectify the situation. But much more needs to be done. Twelve years ago, when the Republicans won control of Congress, they proposed a Contract with America. Now is the time for what might be called a Contract with Corporate America -- an effort to put limits on the power of big business.
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