Transcript of "President obama on american business"
President Obama and American Business.
Obama has “invested” over a trillion dollars into the U.S. economy. Heused money out of worlds largest slush fund, also known as TARP 2, hespent 800 billion on so called shovel ready jobs, boughtclunkers, provided billions in guaranteed loans to green energybusinesses, and spent tax payer money in a myriad of other ways. Theresults are an economy that is likely recovering more slowly then if hewould of done nothing.
Potential job growth if pro-energy policies implementedOf course there were millions of shovel ready jobs justwaiting on the Presidents okay and they would not costthe American Tax payer a dime. The energy sector andthe Keystone pipeline projects alone could supplymillions of jobs if President Obama would let them!
So What Do America’s CEOs Think Of The President’s Economic Policies?
“The President is over his head on economic issues”Andrew Puzder of CKE Restaurants said in an Cavuto Show interview with Stuart Varney
He doesnt know how tomake a payroll, he doesntunderstand the problemsbusinesses face. I would tryto explain that the plight ofthe businessman is veryreactive to Washington. AsWashington piles onregulations andmandates, the impact istremendous. I dont thinkhes a bad guy. I just thinkhe has no knowledge ofthis.Bernie Marcus, Home Depotcofounder to IBD
The head of Boeing Co. on Tuesday expressed frustration with what hesaid was a lack of business knowledge inside theObama administration, part of a wider rebuke of political logjams in Washington affecting the private sector. Jim McNerney, Boeings chief executive, said the dialogue between the private sector and the administration was challenged because "veryfew people" in Washington had business experience, Wall Street Journal May 9, 2012
I was enthusiastic in thebeginning and Im very muchless enthusiastic now. I washoping that wed get—despite the rhetoric of thecampaign—Clintonomics.We ended up gettingCarternomics. Jimmy Carterseconomics were a disasterand were headed down thatsame path right now. SoObama is the new JimmyCarter, economically.CEO T J Rodgers of Cypresssemiconductor to Business Week
"I think this groupdoes notunderstand what ittakes to createjobs.“ (Referring toPresident Obamaand theDemocrats.)Intel CEO Paul Otellini at theTechnology Policy Institutes AspenForum
Obama is creating an "increasingly hostileenvironment for investment and job creation.“Verizon CEO Ivan Seidenberg, in a June speech at the Economic Club of Washington
AN ADDITIONAL 18 CEOS WROTE ANOPEN LETTER TO TIMOTHY GEITHNER AND PRESIDENT OBAMA WARNINGTHEM OF DIRE CONSEQUENCES FOR THE ECONOMY IF THEY CONTINUEDOWN THE ROAD THEY ARE ON, NO WORD IF THEY READ IT
"I dont remember corporate leadersspeaking out this vehemently in thepast” said Gary Shilling of A. GaryShilling & Co to MSN. Gary is right, theoutspokenness of today’s CEO’s isunprecedented in modern times. Asure sign that the current strategy ofthe White House has got them runningscared!Story Here
Small Business is the Backbone of the U.S. Economy. So What is Their Take on the President’s Handling of the Economy?
“they vilified industries while embarking on an ill-advised sourceof government expansion, major tax increases, massivedeficits, and job-destroying regulations," U.S. Chamber ofCommerce in an open letter to President Obama referring toWhite House and the Democratic congress in 2010.
Gallup Poll of Small BusinessesA poll of U.S. small-business owners who aren’thiring (85% of those surveyed fall into this category)are most likely to say the reasons they are not doingso include not needing additional employees;worries about weak business conditions, includingrevenues; cash flow; and the overall U.S. economy.Additionally, nearly half of small-business ownerspoint to potential healthcare costs (48%) andgovernment regulations (46%) as reasons. One infour are not hiring because they worry they maynot be in business in 12 months.
President Obama’s “crazy programs and agenda are anti-business”Harry Alford, president and CEO of the National Black Chamber of Commerce on Laura Ingram
“As PresidentObama is readinghis speech, I wouldlike to see a tickeron the bottom ofthe screen thatmentions all of hisanti-small businesspolicies,”American SmallBusiness League(ASBL) PresidentLloyd Chapmanspeaking about thePresidents 2012State of the UnionAddress .
They are “coming up with ways to rob me (Obama likes the word“redistribute”) and damage my businesses on a daily basis? It’stime to get the message. Whether by mistake or onpurpose, Obama and the progressive left are damaging anddestroying more small businesses by the day.”Small Businessman Wayne Allyn Root , read more here
If President Obama is not helpingbig business and small business say he is against them then that begsthe question what kind of business does the President support?
FederalGovernmentjobs look to have boomed under Obama.