Obummer's overtures towards business falls flat

[PokerGuy]

http://www.msnbc.msn.com/id/38640292/ns/business-eye_on_the_economy/

This is a real shocker. You create a hostile environment towards business, create a lot of uncertainty, create layers and layers of overhead and regulation, create massive new government spending programs, and then there's surprise that corporate leaders are leaving you in droves?

Interesting parts:

But his charm offensive has hit a rocky patch.

But it is noticeable that not a single former corporate executive is in his Cabinet or among his top economic advisers.

So not a single cabinet member with significant corporate business knowledge. No wonder these people are running the economy into the ground.

The truth is that not even the Franklin Roosevelt administration was as hostile to and ignorant about free enterprise as this administration is

Gee, I wonder why we haven't seen the magical "summer of recovery" yet?

 

[Carmen813]

The guys who ran us face first into the greatest recession in 80 years are unhappy that Obama isn't taking their advice?

I'm so upset that I just don't know what to do with myself.

 

[khon]

Obama is only hostile towards business in the same way the cops are hostile towards citizens. If you do nothing wrong nothing will happen to you, but if you break the law ....

Should be how every president handles things, but businesses have gotten used to being able to break the law with impunity, and now they're crying because that's no longer the case.

 

[Genx87]

Obama is only hostile towards business in the same way the cops are hostile towards citizens. If you do nothing wrong nothing will happen to you, but if you break the law ....

Should be how every president handles things, but businesses have gotten used to being able to break the law with impunity, and now they're crying because that's no longer the case.

Health care and environmental regulation and possible tax increases has nothing to do with breaking the law. The uncertaintly this administration is putting into the market is causing business to wait it out.

 

[Pens1566]

Troll thread

 

[spidey07]

Wow. MSNBC turning on Obama by puslishing an AP article? The article is dead on. He is doing this on purpose as his end goal is to destroy the economy and country and rebuild it in his marxist view. Pay attention to this man, listen to his words, watch his actions. It's VERY apparent what his goals are.

Everybody knows that business is very wary of the actions and communist rhetoric of this administration. They're just making sure they survive the obama nightmare by holding onto capital.

 

[jpeyton]

So not a single cabinet member with significant corporate business knowledge.

So his cabinet isn't lined with big business execs? That's a good thing.

 

[umbrella39]

zzzzzzzzzzzz

 

[IGBT]

ok..lets hear it. Isn't all this bushes fault??

 

[Brainonska511]

ok..lets hear it. Isn't all this bushes fault??

No, nothing is Bush's fault. It's all Carter and Clinton's fault. Everyone knows this.

 

[Doc Savage Fan]

Obama's created a ton of animosity and uncertainly with corporate America and small business alike...then acts surprised that they aren't hiring? Good plan....really good plan.

 

[Red Dawn]

ok..lets hear it. Isn't all this bushes fault??

He's just part of it, the real Bush, Clinton and Reagan are as capable as Obama and GW Dumbfuck.

 

[her209]

Health care and environmental regulation and possible tax increases has nothing to do with breaking the law. The uncertaintly this administration is putting into the market is causing business to wait it out.

Obama raising taxes? Nah. Its the Republicans 2001 and 2003 that are raising taxes.

 

[Doc Savage Fan]

Obama raising taxes? Nah. Its the Republicans 2001 and 2003 that are raising taxes.

Dems are in the driver's seat here and can do damn near anything they please. Nice twist...but I don't think anybody's buying.

 

[Lemon law]

Obama's created a ton of animosity and uncertainly with corporate America and small business alike...then acts surprised that they aren't hiring? Good plan....really good plan.

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Gee, Obama wants to lay out his plan to business so business is less uncertain, the GOP filibusters everything basically trying to reduce the certainty, and then DSF blames Obama for the uncertainty.

But its no news that Business wants the freedom from regulations so they can do anything they diddly darn feels like doing, and every time we let the business do so, too much freedom backfires on everyone, especially big business itself.

But point granted, too much government regulation is bad for everyone too.

Mission impossible, find that happy medium. But GWB clearly went too far in dismantling existing regulations and business went nuts and melted down the economy. Now Obama is trying to reimpose some re-regulation, and quite predictably it becomes a political hot potato no one can rationally talk about.

 

[her209]

Dems are in the driver's seat here and can do damn near anything they please. Nice twist...but I don't think anybody's buying.

Twist? The only twisting here is trying to blame the Dems for not extending a sunset deadline put in by Republicans.

 

[First]

If 1M+ jobs have been added this year, well over half of them private sector, you can't really be "killing" an economy, especially after historic multi-million job cumulative losses for consecutive months at the beginning of 2009. It's rare (maybe unprecedented, haven't looked at the precise numbers year) to go from 1.5M job losses in 2 consecutive months to just the opposite, job gains, 12-18 months later. It'll take time, but based on the uncertainty of all 3 classes of consumers (poor, middle class, and rich) and leading indicators like tech and increased hourly work weeks, and historic interest rates, there's likely to be pent-up demand that takes right off in the form of spending and investment in near future. Whether that's next month or in 6 months is always hard to say, but the market prices in the future ~9 months ahead of time so the indicators are good despite the last quarter of slowdown which almost certainly is a direct result of the European debt scares, not weak domestic economic strength.

 

[StageLeft]

If 1M+ jobs have been added this year, well over half of them private sector, you can't really be "killing" an economy, especially after historic multi-million job cumulative losses for consecutive months at the beginning of 2009. It's rare (maybe unprecedented, haven't looked at the precise numbers year) to go from 1.5M job losses in 2 consecutive months to just the opposite, job gains, 12-18 months later. It'll take time, but based on the uncertainty of all 3 classes of consumers (poor, middle class, and rich) and leading indicators like tech and increased hourly work weeks, and historic interest rates, there's likely to be pent-up demand that takes right off in the form of spending and investment in near future. Whether that's next month or in 6 months is always hard to say, but the market prices in the future ~9 months ahead of time so the indicators are good despite the last quarter of slowdown which almost certainly is a direct result of the European debt scares, not weak domestic economic strength.

I know you're a big cheerleader on the economy but it's still a fvcking catastrophe.

 

[PokerGuy]

But GWB clearly went too far in dismantling existing regulations and business went nuts and melted down the economy

Could you please provide some specific examples of existing regulations that GWB "dismantled" that led to the economic meltdown?

 

[Fern]

Twist? The only twisting here is trying to blame the Dems for not extending a sunset deadline put in by Republicans.

The tax cuts were passed using the reconciliation process, which is for bugetary matters (e.g., spending and tax law changes).

The reconcilliation process itself requires that "sunset deadline". I.e., that's the way it works.

Fern

 

[spidey07]

Could you please provide some specific examples of existing regulations that GWB "dismantled" that led to the economic meltdown?

Here's a huge one that GWB passed. Although I hate that regulation. Sabanes/Oxley.

http://en.wikipedia.org/wiki/Sarbanes–Oxley_Act

 

[IGBT]

the big lie needs to be serviced yet again. There was never a recovery. The obama needs another CYA story.

 

[Fern]

Could you please provide some specific examples of existing regulations that GWB "dismantled" that led to the economic meltdown?

Yeah, I'd like to see that too.

Everybody else knows the major modification was done under Clinton (and that Frank and Dodd have been refusing Fannie/Freddie reform - another problem area).

Fern

 

[StageLeft]

Sarbox is a pain in the ass but I've never, ever heard it responsible for the meltdown. Glass steagall is the big one I hear people blame this on if they have to pick something and that was undone when clinton was in charge.

 

[Lemon law]

Could you please provide some specific examples of existing regulations that GWB "dismantled" that led to the economic meltdown?

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I am more than eager but I will let this link make the case.

http://www.ombwatch.org/node/3877

There is a 11+ MB pdf you can download if you care to but plenty to read also.

And if you don't like that link, I can find so many more just as fast.