In it, but not of it. TPM DC

Financial Firm Claims it Had No Position on Employee Free Choice -- While Lobbying On It

In a transparent attempt to rewrite history to qualify for $2 billion in TARP assistance, the Principal Financial Group, issued a statement last night asserting that it has not taken a position on the Employee Free Choice Act. The public record indicates otherwise.

Principal disclosed lobbying on the Employee Free Choice Act throughout 2007 and 2008 in six separate reports filed with the U.S. Congress. Principal is also funding opposition to the Employee Free Choice Act through its membership in two leading business associations, the Financial Services Roundtable (FSR) and the Business Roundtable, that are also lobbying against the Act. In fact, Principal's Chairman, J. Barry Griswell, is on the board of directors of the FSR, which lobbied against the Act in 2007 and 2008 and has made it a legislative priority in 2009.