President Obama: U.S. Gotten a Bit "Lazy" on Attracting Businesses

Fox News ^ | 13 Nov 2011 | Kimberley Schwandt

[Rummyfan]

HONOLULU - President Obama said that the United States has gotten a "little bit lazy" when it comes to bringing in new businesses in to the states. He made the comments at a CEO summit as part of the APEC conference Saturday, when asked by Boeing CEO James McNerney about looking at the world from a Chinese perspective and what they might consider as impediments to investing.

Obama said it's important to remember that the U.S. is still the largest receiver of foreign investment in the world and things like stability, openness and innovative free market culture are attractive. He also said there are a lot of things that make foreign investors see the U.S. as a great opportunity - like stability, openness, our innovative free market culture.

"But we've been a little bit lazy, I think, over the last couple of decades. We've kind of taken for granted -- well, people will want to come here and we aren't out there hungry, selling America and trying to attract new business into America, Obama said.

[PeterPrinciple]

“But we've been a little bit lazy, I think, over the last couple of decades.

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My city of ames Iowa isn't lazy. Their idea of economic development is to hire a $100,000 person to explain all the rules and regulation to new business. If we just explain the regulations well enough, we will attract business.

[elpadre]

On the one hand you invite businesses to come, perhaps with some short term incentive, and on the other hand load them up with impossible requirements and regulations making it cost prohibitive. Is he as ignorant as it appears??

[MayflowerMadam]

Interesting word (”lazy”) coming from a man who’s never had a real job in his entire life.

[trisham]

"In Africa, you often see that the difference between a village where everybody eats and a village where people starve is government. One has a functioning government, and the other does not.
Which is why it bothers me when I hear people say that government is the enemy. They don't understand its fundamental role."

~Barack Obama

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[Tallguy]

Obama said it's important to remember that the U.S. is still the largest receiver of foreign investment in the world and things like stability, openness and innovative free market culture are attractive.

Something I'm sure that you'll 'rectify' should you be elected to a second-term, Your Highness! /sarc