Dissing Obama's Overtures to Job Creators

From Progressive - I don’t know why Obama felt the need to bow down to the chieftains of American business on Wednesday. But there he was, sounding like a composite of Calvin Coolidge and Ronald Reagan. Like Coolidge, who said, “The business of America is business,” Obama told the 20 CEOs: “We want to be boosters because when you do well, America does well.” But wait just a second here.

Corporate America is already doing quite well, thank you. They’re making record profits. And yet the rest of America is not doing well at all. Real wages are stagnant, if not falling. 15 million Americans are officially unemployed—and many more unofficially. And several million Americans have lost their homes.

So what was Obama talking about? Then he went on, like Reagan, and said, “I believe that the primary engine of America’s economic success is not government. It’s the ingenuity of America’s entrepreneurs.” This bromide only serves to undercut the much-needed role of government in our economy especially when times are tough, like now. Obama acted as the supplicant to the CEOs: “I want to dispel any notion that we want to inhibit your success,” he said. And to top it off, Obama said, “We need to redouble our commitment to fiscal discipline.” That’s precisely the wrong medicine to prescribe right now when we need to resuscitate the economy. Read full column here:

Dissing Obama's Overtures to Job Creators