Business leaders say Obama’s economic policies stifle growth

June 23, 2010 09:06

The chairman of the Business Roundtable, an association of top corporate executives that has been President Obama‘s closest ally in the business community, accused the president and Democratic lawmakers Tuesday of creating an “increasingly hostile environment for investment and job creation.”

By Lori Montgomery Washington Post

Ivan G. Seidenberg, chief executive of Verizon Communications, said that Democrats in Washington are pursuing tax increases, policy changes and regulatory actions that together threaten to dampen economic growth and “harm our ability . . . to grow private-sector jobs in the U.S.”

“In our judgment, we have reached a point where the negative effects of these policies are simply too significant to ignore,” Seidenberg said in a lunchtime speech to the Economic Club of Washington. “By reaching into virtually every sector of economic life, government is injecting uncertainty into the marketplace and making it harder to raise capital and create new businesses.”

Seidenberg’s remarks reflect corporate America’s growing discontent with Obama. The president has assiduously courted the nation’s top executives since taking office last year, seeking their counsel on economic policy in the wake of the recession and issuing dozens of invitations to the White House. In return, the Roundtable has generally supported the president’s policies; it was the only major business group to back Obama’s successful push for an overhaul of the health-care system.


Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere:

Interested In Further Reading? Click Here

House to take pass on passing budget this year, Hoyer says

World has a lack of confidence in Obama fiscal policies

Communists running Russia apparently understand tax policy better than the crowd in charge of U.S. tax policy

Spending will kill, not save, our recovery

Paul Ryan says not too hard to be top economics person in congress

Obama’s ‘green’ jobs role model, Spain, is next European bailout

Obama and Oil: Greasing America’s Decline

The best government money can buy -top 20 public sector union paid politicians

The Green Pied Piper from Chicago

The true value of the national debt: $130 trillion

Obama’s Destruction Of Capitalism

No wonder unions will spend over $100 MILLION to keep Democrats in power

Debt is killing jobs, economy

America’s Predicament

Bernanke: Obama and Dems clueless on fiscal strategy

Experts say debt causes 1 million job losses

U.S.’s $13 Trillion Debt Poised to Overtake GDP in 2012: Chart of Day

Study finds increased gov’t spending results in unemployment