The House’s rejection of the Treasury’s Wall Street rescue plan was a defeat not only for the congressional leaders who backed it but also for the business groups that had urged Congress to act.
The U.S. Chamber of Commerce and National Association of Manufacturers warned lawmakers over the weekend that it would “score” the vote, meaning a “no” vote would affect the ratings these groups give to lawmakers at the end of each legislative session.
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It was a tough sell: lobbying against provisions that appear to be consumer-friendly, like empowering judges to rewrite mortgage terms, but for an overall bill that seems like a bailout of rich Wall Street executives who made bets on bad debts.
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After the House vote, the warnings from business groups seemed to become more explicit.
http://thehill.com/leading-the-news/crushing-failure-for-lobbyists-2008-09-29.htmlAw. The CofC and NAM are unhappy.