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Is Obama bad for business?
MSN Money ^ | 14 Feb 2007 | Business Week

Posted on 02/14/2008 2:39:42 PM PST by oblomov

On Sunday, after he learned he'd won that day's Democratic presidential primary in Maine but before his appearance on CBS's "60 Minutes," Sen. Barack Obama (D-Ill.) sat down at the keyboard of his computer to write an e-mail. Not to a media consultant or a delegate counter, but to banker Robert Wolf, chief executive of UBS (UBS, news, msgs) Group for the Americas.

The two men exchanged notes about the Senate-passed economic stimulus package and that weekend's G-7 economic summit, Wolf says.

...

Obama has also been in touch with former Federal Reserve Chairman Paul Volcker, who endorsed the freshman senator in January.

"When I sat down with him, I found him to be unbelievably refreshing and smart and thoughtful," says Wolf, who first met Obama at the offices of financier George Soros. The UBS chief has gone on to raise more than $1 million for the Obama campaign.

The rest of corporate America may not be persuaded as easily.

...

Plus, the U.S. Chamber of Commerce gives him the lowest rating of any of the three major contenders for the presidency, behind Sen. Hillary Clinton (D-N.Y.) and Sen. John McCain (R-Ariz.). But Obama's sweep of the "Potomac Primary" in Maryland, Virginia and the District of Columbia makes him a very real contender for the Democratic nomination.

So what would an Obama presidency look like for business?

"It would be a pragmatic, center-left administration," says Democratic political strategist Steve McMahon, who is unaligned with a presidential candidate this year. "He's been pretty clear that business would have a seat at the table, but business wouldn't be able to buy all the chairs."

(Excerpt) Read more at articles.moneycentral.msn.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: barackhusseinobama; lendmeyourears; nobama; obama; obambi; socialism
>>"It would be a pragmatic, center-left administration,"

Translation: if you speak out what we are doing to the economy, we will get the IRS to audit you, or simply destroy your reputation.

1 posted on 02/14/2008 2:39:44 PM PST by oblomov
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To: oblomov
"He's been pretty clear that business would have a seat at the table, but business wouldn't be able to buy all the chairs."

Translation: Better pay up- the unions and trial lawyers already have all the good seats snatched up.
2 posted on 02/14/2008 2:45:11 PM PST by philled ("Pacifism ... can only be preached behind the protective cover of the Royal Navy."-- Orwell)
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To: oblomov
Pragmatic? Center-left? Grab your wallet.

If Obama Could Enact All Of His Campaign Proposals, Taxpayers Would Be Faced With Financing Over $850 Billion In New Spending Over One White House Term:

Obama’s Health Care Plan Will Cost Up To $65 Billion A Year; Equal To $260 Billion Over Four Years. “[Obama] campaign officials estimated that the net cost of the plan to the federal government would be $50 billion to $65 billion a year, when fully phased in, and said the revenues from rolling back the tax cuts were enough to cover it.” (Robin Toner and Patrick Healy, “Obama Calls For Wider And Less Costly Health Care Coverage,” The New York Times, 5/30/07)

Obama’s Energy Plan Will Cost $150 Billion Over 10 Years, Equal To $15 Billion Annually And $60 Billion Over Four Years. “Obama will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial-scale renewable energy, invest in low-emissions coal plants, and begin the transition to a new digital electricity grid.” (Obama For America, “The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 25)

Obama’s “Global Poverty Act” tax would commit the U.S. to spending 0.7 percent of its gross national product on foreign aid, which amounts to a phenomenal 13-year total of $845 billion over and above what the U.S. already spends.

3 posted on 02/14/2008 2:47:27 PM PST by 3AngelaD (They screwed up their own countries so bad they had to leave, and now they're here screwing up ours)
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To: oblomov
banker Robert Wolf, chief executive of UBS (UBS, news, msgs) Group for the Americas.

UBS is a Swiss concern. Maybe he was just checking up on some late funds transfers.

4 posted on 02/14/2008 2:47:35 PM PST by Don Corleone (Leave the gun..take the cannoli)
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To: oblomov
The UBS chief has gone on to raise more than $1 million for the Obama campaign.

"UBS Writes Down $13.9 billion"


5 posted on 02/14/2008 2:48:49 PM PST by montag813
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To: oblomov

Is our most preferred Chinese business partner bad for business, or are we still fine with that?


6 posted on 02/14/2008 2:50:01 PM PST by familyop ("Don't worry, they'll row for a month before they figure out I'm fakin' it." --Deacon, "Waterworld")
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To: oblomov
Is Obama bad for business?
Is vomit bad for applesauce?
7 posted on 02/14/2008 2:55:20 PM PST by samtheman (McCain: Not as good as a real Republican, not as bad as a real Democrat.)
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To: samtheman

DISASTROUS


8 posted on 02/14/2008 2:57:53 PM PST by JaneNC (I)
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To: oblomov

Hell, he would be bad for everything concerning this country.


9 posted on 02/14/2008 3:02:45 PM PST by HANG THE EXPENSE (Defeat liberalism, its the right thing to do for America.)
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To: oblomov
So what would an Obama presidency look like for business?

Zimbabwe

10 posted on 02/14/2008 3:04:36 PM PST by Regulator
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To: oblomov
Is Obama bad for business?

Was Lenin bad for the Tsar?

11 posted on 02/14/2008 3:07:08 PM PST by 3niner (War is one game where the home team always loses.)
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To: Regulator
Zimbabwe

Spot on!
12 posted on 02/14/2008 3:14:08 PM PST by loungeSerf (If the theatre is on fire it's ok to shout Fire!)
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To: imahawk

That about covers it,right on.


13 posted on 02/14/2008 3:25:24 PM PST by Unicorn (Too many wimps around.)
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To: samtheman
"Is vomit bad for applesauce?"

Is that equivalent to that "thing" floating in the punch bowl?

14 posted on 02/14/2008 3:28:45 PM PST by verity ("Lord, what fools these mortals be!")
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To: oblomov
Is Obama bad for business?

Not if you own an abortion clinic.

15 posted on 02/14/2008 3:30:22 PM PST by TexasNative2000 (Is this tagline governed by McCain-Feingold?)
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To: samtheman

Bad for business and everything else. A 5 or 10 year old would do less damage to our Nation.


16 posted on 02/14/2008 3:32:37 PM PST by mulligan
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To: oblomov

YES, YES, YES!!!!! If you want communistic price controls, more government intervention, vote omama.


17 posted on 02/14/2008 3:46:57 PM PST by vpintheak (Like a muddied spring or a polluted well is a righteous man who gives way to the wicked. Prov. 25:26)
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To: oblomov
who first met Obama at the offices of financier George Soros.

not even feeling the need to hide it!

18 posted on 02/14/2008 4:23:33 PM PST by gusopol3
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To: 3AngelaD

>>
“Obama’s “Global Poverty Act” tax would commit the U.S. to spending 0.7 percent of its gross national product on foreign aid...a phenomenal 13-year total of $845 billion over and above what the U.S. already spends.”
>>

THIS IS CONFISCATORY WEALTH TRANSFER - PURE & SIMPLE!


19 posted on 02/14/2008 4:36:19 PM PST by SatinDoll (Desperately seeking a conservative candidate.)
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To: oblomov

lefitsts always suck up to the extremely rich. what’s new about this?


20 posted on 02/14/2008 4:38:31 PM PST by the invisib1e hand (anyone can be a soldier in peacetime.)
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To: oblomov

Is Obama bad for business? He’s bad for America!


21 posted on 02/14/2008 4:44:39 PM PST by No Dems 2004 (No Dems in 2008 either)
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To: Regulator

Nailed it!


22 posted on 02/14/2008 4:46:21 PM PST by TigersEye (This is the age of the death of reason.)
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To: oblomov

Time to pull accounts from UBS, folks.

Pass the word.


23 posted on 02/14/2008 4:48:38 PM PST by A_Former_Democrat
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To: oblomov

Is Osama Obama against Free Enterprise? Does a bear s—t in the woods?


24 posted on 02/14/2008 5:12:01 PM PST by 2harddrive (...House a TOTAL Loss.....)
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To: oblomov
OBAMANAMANON


25 posted on 02/14/2008 5:19:57 PM PST by jdogbearhunter (Ceterum censeo, HRC delenda est.)
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To: oblomov

....remember to shelter you IRA’s


26 posted on 02/15/2008 5:26:30 AM PST by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: oblomov
Would he be bad for business. Now! That is one of the stupidest things I have ever heard. Is socialism bad for business?
27 posted on 02/15/2008 7:52:22 AM PST by Piquaboy (22 year veteran of the Army, Air Force and Navy, Pray for all our military .)
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