Chamber of Commerce Vows to Stop Obama Agenda

U.S. Chamber of Commerce President Thomas Donohue attacked President Obama's domestic agenda Tuesday, criticizing Democratic efforts on climate change, health care and oversight of the nation's financial system.

And he pledged to use the chamber's might in November's elections to take on the president's allies in Congress.

Donohue, speaking at the chamber's annual State of American Business event, called health care legislation pending in Congress "a prescription for fiscal insolvency and an eventual government takeover of American health care." He was equally critical of the climate change bill passed by the House last year, saying it  "would tie economic activity in knots and eliminate jobs from one end of the country to another."

The chamber will carry out "the largest, most aggressive" campaign in its 100-year history as it works to influence the outcome of mid-term congressional elections and stop legislation it views as harmful to the economy, he said. "As Americans choose a new House and senators this fall," Donohue added, "the chamber will highlight lawmakers and candidates who support a pro-jobs agenda and hold accountable those who don't."