Obama Claims He is not Anti-Business
At CNBC’s Town Hall meeting on September 20 President Obama denied claims that he is vilifying business. The claims stem from many harsh statements over the years blaming Wall Street for the economic meltdown.
Obama’s tone was more conciliatory at the Town Hall meeting. He said: “We benefit from entrepreneurs and innovators who are going out there and creating jobs, creating business. Government can’t create the majority of jobs. And, in fact, we want to get out of the way of folks who’ve got a good idea and want to run with it and are going to be putting people to work.”
Obama has been criticized by business for his selection of consumer advocate, Elizabeth Warren, to spearhead the new Bureau of Consumer Financial Protection. She is widely believed to be anti-business. However, the public is still very negative about the financial bailouts and appointment of a strong consumer advocate is seen by others as a way to get the public on board with the financial reforms.
Obama’s support of the Small Business Jobs Act is another way Obama has banked on being seen as more pro-business. It remains to be seen whether this bill will actually do anything to stimulate business or will merely add to the deficit. Most Republicans believe passage of the full slate of tax cuts, including those for top-earners would do more to stimulate the economy than the Small Business Jobs Act.
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How is it that the president who brought the nation and probably the world back from almost certain fall into full economic depression is so reviled by business?
George Herbert Walker Bush left the country with the legacy of almost non-stop wars (Panama and Iraq, going after two of his old CIA “assets” from his years as CIA director, Somalia, Serbia, Grenada, etc.; PLUS a major recession [remember the farm auctions, and business and home foreclosures?];
Plus total shut down of the U.S. timber, petroleum exploration and metals mining industries.
Clinton/Gore reduced the federal govt. payroll by tens of thousands and removed hundreds of thousands of pages of redundant and antiquated rules and regulations.
Clinton balanced the budget, eliminated the deficit and paid down about a Half Trillion of Poppa Bush’s debts — Which exceeded the combined
debts from all previous administrations.
Clinton left a program in place to have the total national debt paid off this year.
EXCEPT –
DubYah Bush organized almost 20 years of the combined wars, left u with nearly $12-TRILLION IN DEBT, and another trillion in the 2008-2009 and 2009-2010 budgets.
He organized the first TARP in August-Sept-Oct of 2008, with no controls over how the recipients used the money.
Rinally, he left us with 700,000 lost jobs monthly from October through Jan., 2009 — Considering a new administration could not possibly achieve adequate change before May — from Oct-June — DubYah organized about THREE to FOUR MILLION LOST JOBS.
Executives in one “Bail out” bank allotted the bank’s entire TARP bailout to management bonuses, mostly for themselves — only $13-Billion.
There was gross mis-conduct by banks, bank leadership, financial services executives and corporate executives.
Remember the GOP congressional outrage when AUTO MAKER executives flew into D.C. via private jets to beg for corporate welfare?
The actual legislation urged by Pres. Obama is some of the most business friendly activity we’ve had in eighty years.
He has reopened virtually all foreign markets and secured support from world leaders across the board.
Several countries have doubled their troop commitments in Afghanistan, and economic aide from other countries has increased greatly.l
This is leadership, not bombastic posing.
This president will not strut across a carrier deck in a Jet Jock’s flight suit under a huge Mission Accomplished banner.
Sorry, I must have missed something. Do the banks want another 900 billion dollars?
Can someone please tell me something. Are the Republicans the party of fiscal conservatism? Is it fiscally conservative to add 700 billion dollars to the deficit? Is it fiscally conservative to sacrifice the many to appease the few? Oh and the Plague on America…was created to give them culpable deniability. You can’t hold them accountable for anything because they don’t say what they are going to do.