GOP conservatives make it rough for business

Donna Cassata, Associated Press
July 9, 2012

WASHINGTON (AP) -- Wherever you look, conservatives are giving business fits in Congress this year.

It took months of pleas and negotiations to overcome conservative opposition to reauthorizing an export financing bank that the U.S. Chamber of Commerce, the National Association of Manufacturers and major companies like Boeing and Caterpillar all want.

A transportation infrastructure bill wanted by the asphalt and steel industries also got hung up.

Now businesses are pressing the Senate to ratify a treaty governing the high seas, saying it would open a new path to oil, gas and other resources and produce thousands of jobs. But conservatives argue the Law of the Sea Treaty would forfeit U.S. sovereignty.

Republican Sen. Jim DeMint of South Carolina says government-big business cronyism is corrupting politics.