Wednesday, October 6, 2010

This is how much Think Progress is standing by its story on the Chamber of Commerce

Faiz Shakir has put up a new story following up on the revelation that the U.S. Chamber of Commerce is using foreign money for its attack ads against Democrats. The funny thing is, in the U.S. Chamber of Commerce's vehement denunciations of Think Progress hasn't exactly translated into anything like a denial of the basic facts of the story. So, now we can assume the following as fact:

1) The Chamber acknowledges that it receives foreign sources of funding.


2) The foreign funds go directly into the Chamber’s general 501(c)(6) entity.


3) At least $300,000 has been channeled from foreign companies in India and Bahrain to the account.


4) The foreign sources include foreign state-owned companies, including the State Bank of India and the Bahrain Petroleum Company.


5) The Chamber’s 501(c)(6) entity is used to launch an unprecedented $75 million partisan attack ad campaign against Democrats.

Nothing the Chamber has said in response to our story refutes those basic set of facts. The right-wing business group claims that it has a “system” in place to ensure that money is not being used for illegal purposes, namely to influence U.S. elections. But the Chamber refuses to explain how that “system” works, and is instead demanding that the public simply trust-but-not-verify.