Ecce POTUS Obama, enemy number one of... corporate America!
Considering just about everything since February of 2009, that is quite a bold anti-meme to play, and yet, read this:
"There’s no doubt that Obama is unpopular in the business world. On Wall Street, he’s persona non grata, thanks to his push for financial reform and his rhetorical sallies against fat-cat bankers. Private-equity managers hate him for trying to take away their lucrative carried-interest tax break. The Chamber of Commerce has attacked him for having “vilified industries” and enacted “job-destroying regulations,” while the publisher and real-estate investor Mort Zuckerman declared that Obama heads “the most hostile administration to business... in decades.” Some of this is just political posturing—when haven’t businesses wanted less regulation?—but it also reflects a real conviction among American businesspeople that Obama has made profit seem like a dirty word...Obama’s tone...is dampening the spirits of business leaders, making them unwilling to take risks."Thats Mr Sourwiki at the Knickerbocker News. He's played this tune several times before of course. You'd think Obie was welcoming wrath from Wall Street's dark side, like that great cripple from the Dust Bowl years, instead of what... buffing Jamie Diamond's toenails?
Ace columnist Sourbraten here drops the POTUS as profiteer bounty hunter amidst an utterly routine pranging of our great corprate trolls for not spending their trillions in cash on shiny new machinery, added "outlets", brilliant new products and ad campaigns, and of course, hiring loads of upskilled new staff wranglers.
The notion that Obie is bad for business is dispelled, of course, and quite right too: "It's the economy" that's causing corporates to cash hoard, not fear and loathing of a scornful POTUS, according to this precision detail-oriented bigfoot.
Crap like this tries to shape the response to the White House limited-liability ass lick, at least among Manhattan wannabes: At the end of the day, despite all Obie's well intended moves.... Sure, he's flunked, but hey, he's trapped by economic forces not of his making and way beyond his control, and err... well... at least the right people hate him, eh?
Comments (3)
The Chamber of Commerce has attacked him for having ... enacted “job-destroying regulations,” ....
See, the Chamber does care about the joblings. And I always thought that the unmentionable profits were their sole focus.
Posted by Flak | July 27, 2010 9:18 PM
Posted on July 27, 2010 21:18
Most hostile administration to business in decades?
P'ah. That's not saying much.
Posted by Mike Flugennock | July 27, 2010 10:53 PM
Posted on July 27, 2010 22:53
It's a matter of method; the US Chamber of Commerce is supportive of actual slavery, while the hedge funds and other private equity milieus are sometimes content with grand larceny subsidized by the US Treasury. The outcome of both may be mass violence and misery on a global scale, but the distinction allows for style to supplant substance in the minds of the politically illiterate.
Posted by Jay Taber | July 27, 2010 11:03 PM
Posted on July 27, 2010 23:03