They may be right about the entrepreneurial spirit but that only means that the big dollars guys will take their capital where they can make more money. Right now that isn't by having US plants with US workers.
But according to high level officials at the Kremlin, er, the Obama White House, Obama loves businesses..........
Former White House Chief of Staff Rahm Emanuel isn't known for mincing words, and in a conversation with a CEO of a large company last month, he lived up to his reputation. "How come," he demanded to know, according to a person with direct knowledge of the conversation, "you guys aren't hiring more?"
The CEO's answer, the person says, went something like this: "I know you're paid to do the president's bidding, but I'm paid to answer to shareholders and a board of directors and your health-care plan is costing me $1.5 billion, your tax increases another $1 billion, and regulation another half a billion. So I might have to lay off people rather than hire them."Emanuel's response was, according to this person, somewhat incoherent: All the conditions are there for corporations like his (in the Fortune 20) to put people back to work again. The stimulus package stopped the economy from falling into the abyss (despite persistently high unemployment), the economy is on the mend (despite slowing GDP growth), and President Obama isn't really anti-business (despite all his business-bashing on the campaign trail).
Incoherent might also describe the economic policies of the Obama administration. An administration official bragged to me that the president could have publicly supported the foreclosure moratorium, and unleashed Attorney General Eric Holder to join state attorney generals, investigating the alleged fraud in the foreclosure process—but Obama didn't after hearing from banks that the vast majority of people being foreclosed upon aren't the victims of fraud and have defaulted on their mortgages.
Now your average "progressive" like to fashion themselves as smart. But if you are so smart, how can you not see that the inconsistent, almost schizophrenic, attitude towards American commerce does nothing to fuel confidence in the American economy?
When I last worked in corporate America, I had to deliver a really bad report critical of another department. Prior to the report release we had a big time meeting between departments. After the meeting my supervisor ripped me a new one because the meeting wasn't negative enough.
Quoting him "We've got bad news to report. We needed to start consistently planting that seed early and often in that meeting. Now these people are going to feel blind sided and manipulated."
It was a lesson I always remember and one that I always employ when I believe I have bad news to deliver to a taxpayer/client........ Your communication and actions should be consistent with your beliefs.
You cannot rip businesses and the rich on the stump, increase the costs of doing business in this country and then try and get a warm fuzzy hug from these people by telling them you love them.
Of course, Obama would know these things given his wealth of business experience as a community organizer, student/professor, and Harvard Law Review editor.
More......
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