Wednesday, June 23, 2010

Obama: The anti-business president

Simply put, Barack Obama is the most anti-business president ever. In fact, with the possible exception of Franklin D. Roosevelt--look up the National The National Recovery Administration--he is our only anti-business president.

From the Washington Post:

The chairman of the Business Roundtable, an association of top corporate executives that has been President Obama's closest ally in the business community, accused the president and Democratic lawmakers Tuesday of creating an "increasingly hostile environment for investment and job creation."

Ivan G. Seidenberg, chief executive of Verizon Communications, said that Democrats in Washington are pursuing tax increases, policy changes and regulatory actions that together threaten to dampen economic growth and "harm our ability . . . to grow private-sector jobs in the U.S."

"In our judgment, we have reached a point where the negative effects of these policies are simply too significant to ignore," Seidenberg said in a lunchtime speech to the Economic Club of Washington. "By reaching into virtually every sector of economic life, government is injecting uncertainty into the marketplace and making it harder to raise capital and create new businesses."


Seidenberg's remarks reflect corporate America's growing discontent with Obama. The president has assiduously courted the nation's top executives since taking office last year, seeking their counsel on economic policy in the wake of the recession and issuing dozens of invitations to the White House. In return, the Roundtable has generally supported the president's policies; it was the only major business group to back Obama's successful push for an overhaul of the health-care system.
And I'm sure they are regretful about that.

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1 comment:

Omnibabe said...

I'd really like to believe that Obama is exhibiting all the signs of the Dunning-Kruger Effect... writ large... but I begin to wonder if Obama is more than the anti-business president. Isn't he really the very first anti-American president?