Posted on 08/03/2014 6:10:32 PM PDT by jazusamo
President Obama says he has been “friendly” to business, but understands why they are “frustrated” with many of his regulations in a new interview published in The Economist.
“They always complain about regulation,” Obama says of business leaders. “That's their job.
“I would take the complaints of the corporate community with a grain of salt,” he adds. “If you look at what our policies have been, they have generally been friendly towards business.”
Speaking of the Dodd-Frank financial reforms, Obama says his regulations helped hold the global economy together at a time of crisis.
Obama explained that there are “core” areas, such as the financial markets, “where, yes, we're placing constraints on them. It probably cuts into certain profit centers in their businesses.”
“I understand why they would be frustrated by it, but the flip side of it is that they'd be even more unhappy if the global financial system unravels. Nobody has more of a stake in it than them,” Obama said.
The president pointed to a record stock market, as the Dow Jones industrial index and the S&P 500 have both reached new highs under the Obama administration. At the close of business on Friday, the Dow was pushing 16,500, while the S&P has toppled 1,900.
Obama also said corporate profits are high, job growth has continued for 52 consecutive months, though at a mild pace, and the national deficit has been cut in half.
“I think you'd have to say that we've managed the economy pretty well and business has done OK,” he said.
Media: applause
He sure hasn’t been very “friendly” to the coal mining businesses - among others.
The June jobs report is horrible, making its presentation as good news for the Obama Administration one of the most comical acts of media malpractice in recent history. They’re so eager to give Obama a “win” that they can’t be dragged kicking and screaming to the truth, but I’ll give it a try.
This is very simple: full-time jobs CRATERED in June. There’s no “robust growth” here. It’s a massive jump in the ongoing transformation of American into a part-time economy. It’s awful news, the sort of thing that would be making Americans howl for new leadership and new ideas, if it was reported accurately.
No. Because they’re coming out of his rear end.
And he lies everyday. Do you think he needs steel support beams, to support his ever growing nose?
Obama Recovery: 88% of Jobs Created in 2013 are Part-Time!
http://www.ijreview.com/2013/10/86908-obama-recovery-88-jobs-created-2013-part-time/
I’ve felt the number of “29ers” created by Obamacare regs has actually helped the “unemployment” stats.
Obama sees business as an adversary. Business's job is to make money by lobbying the government and bending the rules. The government's job is to administer the rules and get as much money as they can from business to finance electoral campaigns.
All taxpayers fall into the same category in Obama's world. They are either with you or against you. and you use the power of the government to help your supporters and to punish your enemies.
I just love these satire articles.
Hey John, try to outdo this one.
Rather, the value of the US dollars buying stocks has cratered. Not a good thing.
How many Obamabots understand that? They only hear what he says, don’t pay attention to what he does.
they have generally been friendly.....
this clown may never in his entire lifetime actually been FORTHRIGHT
Fixed it.
Oh, he’s business-friendly...to friendly businesses. If you know what I mean and I think you do.
I thought John Semmens wrote this. I actually looked.
He’s delusional - He lives in his own fantasy world.
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