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Obama tries to woo business, slams "burdensome" tax
Reuters ^

Posted on 02/07/2011 5:07:57 PM PST by Sub-Driver

Obama tries to woo business, slams "burdensome" tax

By Alister Bull and David Morgan

WASHINGTON | Mon Feb 7, 2011 7:36pm EST

WASHINGTON (Reuters) - President Barack Obama stepped up efforts to woo the U.S. business community on Monday, seeking its help to tackle "burdensome" corporate taxes in a speech to a business group that has long been a fierce critic.

Obama, on a drive to win over business and independent voters before the 2012 presidential election, also repeated a promise to advance trade deals with Panama and Colombia that would help U.S. companies, but he did not lay out a timetable for getting the pacts passed.

"I understand the challenges you face. I understand you are under incredible pressure to cut costs and keep your margins up. I understand the significance of your obligations to your shareholders and the pressures that are created by quarterly reports. I get it," Obama told the powerful U.S. Chamber of Commerce, which has often opposed the president for what it sees as his "big government" agenda.

Members of the Chamber, which the White House has accused of funding ad campaigns against Democrats during last year's congressional elections, listened politely but were mostly noncommittal in response to the president.

White House spokesman Robert Gibbs later told reporters that Obama had not gone seeking applause.

"Another barrier government can remove is a burdensome corporate tax code with one of the highest rates in the world," Obama said.

Calling taxes a burden chimes with the view of the corporate world, and is another example of Obama's efforts to repair relations between the White House and businesses after steep losses by his Democrats in November elections.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: marxistcoup; obamaspeech; obamunism; uscoc
They should have all walked out............
1 posted on 02/07/2011 5:08:01 PM PST by Sub-Driver
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To: Sub-Driver

Obama is a walking lie.


2 posted on 02/07/2011 5:09:47 PM PST by Venturer
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To: Sub-Driver

“Business must make money and use it for good things and share nicely”

The whol place should have told him to shut his stupid incompetant trap and listen to how business works.

The pablum I heard he told them must have really torqued at least SOME of them.


3 posted on 02/07/2011 5:12:32 PM PST by Mr. K (Empty, Stupid Happy Talk is NOT 'Reaganesque'! Palin/Bachman 2012 UNBEATABLE TICKET!)
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To: Sub-Driver

You know he’s lying. Obama taught Marxist theory and redistribution when he was an adjunct professor. That is what he believes in.


4 posted on 02/07/2011 5:14:29 PM PST by Clock King (Ellisworth Toohey was right: My head's gonna explode.)
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To: Sub-Driver

isn’t he repeating what Palin said at the reagan 100th birthday event. If you really believe this, cut corporate taxes


5 posted on 02/07/2011 5:14:29 PM PST by 4rcane
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To: Sub-Driver

Can we just make him a trivia question - tomorrow, next week, sooner? If I never hear that crypto-communist clown’s name again it will be too soon.


6 posted on 02/07/2011 5:16:06 PM PST by OldNewYork (social justice isn't justice; it's just socialism)
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To: Sub-Driver
I understand the significance of your obligations to your shareholders and the pressures that are created by quarterly reports. I get it

Message: I care.

7 posted on 02/07/2011 5:17:51 PM PST by Poison Pill
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To: Sub-Driver

Amazing these Rats’ can talk like they are outsiders when it’s their policies that cause the harm....


8 posted on 02/07/2011 5:26:39 PM PST by jakerobins
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To: Mr. K

9 posted on 02/07/2011 5:33:10 PM PST by BenLurkin (This post is not a statement of fact. It is merely a personal opinion -- or humor -- or both)
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To: Venturer

Corporations DON’T PAY TAXES. They collect them from their customers and pass them on to the government.

But Obastard has no intention of making it easier and cheaper to do business in the US or he would be hiring the heads of the various departments who would be looking to eliminate job and profit killing regulations instead of the big government socialists that he has put into EVERY agency.


10 posted on 02/07/2011 5:43:13 PM PST by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: jakerobins
Amazing these Rats’ can talk like they are outsiders when it’s their policies that cause the harm....

Train wreck-3sm

11 posted on 02/07/2011 5:46:37 PM PST by BobP (The piss-stream media - Never to be watched again in my house)
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To: Sub-Driver
It ain't ‘Bammy...its all of DC.

for business to grow requires deregulation and detaxation...both of which will cause the DC Federal bureaucracy indigestion.

they have forgotten for whom they work...and given a choice between acknowledging responsibility to We the People in Flyover Country..and the accumulation and retention of power to themselves....they are turning the screws on Flyover Country.

12 posted on 02/07/2011 5:47:32 PM PST by mo ("If you understand, no explanation is needed; if you do not, no explanation is possible")
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To: Sub-Driver
Obama's last-ditch effort to try to save his presidency will be to cut corporate taxes.

Watch and see. He will ditch his base and start to run heavy to the right. The economy will start to improve just in time for heavy campaigning '12.

13 posted on 02/07/2011 5:55:13 PM PST by Siena Dreaming
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To: Siena Dreaming
He will ditch his base and start to run heavy to the right. The economy will start to improve just in time for heavy campaigning '12.


That assumes that all the digital inflation created by the FED with QEII does not hit and gas has stayed under $3.50 a gallon.


I'm thinking the summer of 2012 will look alot like 1979 complete with a islamic revolution in Egypt, Iranian nukes, a misery index worse than Jimmy Carter and Hillary either the nominee or making a serious threat to become it...

14 posted on 02/07/2011 6:24:25 PM PST by Nat Turner (I can see NOVEMBER from my house....)
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To: Sub-Driver

Only stupid folks and the media are buying Barry’s crap.


15 posted on 02/07/2011 6:34:08 PM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Oldeconomybuyer

The man is RESPONSIBLE for these burdensome taxes and regulations that are hamstringing businesses! Woo business my foot!!


16 posted on 02/07/2011 6:40:48 PM PST by MasterGunner01 (To err is human; to forgive is not our policy. -- SEAL Team SIX)
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To: Venturer

Oh gee, nonsense, the only time the pear headed little bastard lies is when is blue lips are moving.

Not expecting applause... good thing he was not disappointed.

Business will do what is right for the share holders. Right now holding pat and making tax resistant investments anywhere in the world is the right thing to do. Minimizing exposure to the uncertainty of dollar collapse and taxes here is the other right thing to do.

Screw you barry Boy.


17 posted on 02/07/2011 6:58:23 PM PST by Sequoyah101 (Half the people are below average.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...
also repeated a promise to advance trade deals with Panama and Colombia
wake me when Zero tells the truth about something. Thanks Sub-Driver.


18 posted on 02/07/2011 7:07:46 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: Sub-Driver

“Yeah, I’m gonna get ridda yo burdensome corporate tax. All’s you gots to do is give half y’alls profits to my reelection campaign to qualify.”


19 posted on 02/07/2011 7:11:25 PM PST by Right Wing Assault (Our Constitution: the new Inconvenient Truth)
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To: Clock King

I thought he taught LAW!;)


20 posted on 02/07/2011 10:58:10 PM PST by Frank_2001
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To: Sub-Driver
"I understand the challenges you face..."

He's never so much as owned a lemonade stand. How could he understand 'the challenges' of buisness?

I listened to his reading of the script today. I think he realizes his days are numbered. He tried to come across as reasonable, but it fell flat. Few bought into his empty platitudes.

21 posted on 02/08/2011 1:41:12 AM PST by Islander7 (There is no septic system so vile, so filthy, the left won't drink from to further their agenda)
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To: Islander7

The Chamber of Commerce is usually politically neutral, but they actually came out against Kerry/Edwards because they knew the lawyers backing Edwards had caused untold damage to US businesses. Now that the Kenyan Pirate sees that he’ll have a tough time winning re-election, he has to reach out to the one group many Americans will be looking to for ideas and strategies on job creation: the Chamber of Commerce.


22 posted on 02/08/2011 2:26:35 AM PST by kearnyirish2
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To: Frank_2001

He was supposed to teach a course on law, but he really taught redistribution theory. Many of the students complained to the dean that they weren’t being taught what they signed up for. Even though he wasn’t allowed to keep teaching, Obama was protected by a few higher powers, and kept a cushy job (salary) for doing nothing.


23 posted on 02/08/2011 12:51:42 PM PST by Clock King (Ellisworth Toohey was right: My head's gonna explode.)
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