Thursday, November 25, 2010

Tea Party going after "rent seekers" - firms that cultivate government favor to enhance their profitability and prospects

Jesse Jackson isn't the only activist that can use corporate boycotts for political purposes. Starting next year, the huge Tea Party organizer FreedomWorks will urge supporters to punish huge corporations like General Electric and Johnson and Johnson for backing President Obama's progressive agenda.

In an exclusive review for Whispers of their plan, FreedomWorks president Matt Kibbe says: "Tea Party activists are willing to tackle progressive CEOs just as they tackled progressive politicians. Judging by the results of the midterm elections, progressive CEOs should buckle up, because Tea Party activists are going to give them a very bumpy ride."

His project partner, Tom Borelli, director of the National Center for Public Policy Research's Free Enterprise Project, added: "Big businesses are now on notice that there is a measurable business risk for actively supporting the Obama, Reid, and Pelosi progressive public policy agenda."

Their initial focus will be on consumer firms that lobbied for passage of Obama's agenda items that helped their firms. "We are going after the rent-seeking corporations feeding at the public trough," said FreedomWorks' spokesman Adam Brandon.

The groups released a new Wilson Research

Strategies poll to Whispers which shows how companies could suffer when conservatives are told of their support for Obama's agenda. The poll found that when customers are told of a consumer product firm's support for healthcare reform, bailouts, cap-and-trade energy policies or other issues pushed by the administration, their favorability among conservatives plummets.

A few examples:

-- General Electric. The firm has a 51 percent favorable image, but when poll takers were told of it's support for the Obama economic stimulus plan, only 20 percent had a favorably impression of the consumer giant.

-- Johnson and Johnson. Nearly 69 percent had a favorable impression of the health company before Johnson and Johnson's support for health reform legislation was detailed to survey-takers. Afterward, that favorability dropped to 16 percent.

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