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Another business CEO warns Obama that anti-business policies will cost jobs

How can anyone think Obama cares about business?


By Michael Whipple—— Bio and Archives--February 28, 2011

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Another business CEO warns Obama that anti-business policies will cost jobs. According to FT.com 3M’s chief, George Buckley, said “We know what his instincts are - they are Robin Hood-esque. He is anti-business.”

Another business CEO warns Obama that anti-business policies will cost jobs. According to FT.com 3M’s chief, George Buckley, said “We know what his instincts are - they are Robin Hood-esque. He is anti-business.”

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Just last September former head of GE Jack Welch said “President Barack Obama’s administration has an “anti-business” bias which manifests itself through intimidation, trade, taxes and regulation.” A year ago a Bloomberg survey showed that 77% of US investors thought of Obama as anti-business. Jeff Immelt, CEO of GE is reported to have said business did not like the US president, and the president did not like business. Immelt has since backtracked after becoming an Obama insider.

Former Obama supporter and consistent leftist Mort Zuckerman wrote and opinion piece in US News saying:

“This predilection to blame business is manifest in the unnecessary and provocative anti-business sentiment revealed by President Obama in a recent speech that was supposed to be seeking the support of the business community for a doubling of exports over the next five years.”

He went on to point out that burdensome rules and regulations being instituted by the Obama administration and the then Democrat controlled congress:

“Consider the new generation of regulatory rules, increased bureaucracy, and higher taxes created by the Obama administration. For example, the new financial regulation bill includes nearly 500 “rule-makings,” studies, and reports, compared with just 14 in total for the controversial Sarbanes-Oxley bill, passed after the financial scandals of Enron and WorldCom.”

“The U.S. economy faces hurricane force headwinds and the government is at the center of the storm, making an economic recovery very difficult,” said William Dunkelberg, chief economist for National Federation of Independent Business.

Speaking of businessmen, Charles Gasparino a senior correspondent for Fox business Network had this exchange with John Stossel:

“If you talk to some of these guys, you talk to Jamie Diamond the CEO of JP Morgan Chase, big Obama supporter, he said listen I voted for Obama because yes I wanted change. I wanted to help people. I didn’t want to create new entitlements you know, I didn’t want to sort of redistribute wealth.

This is what they really thought. They thought he was a moderate.

You know what I said to these guys? I said have you ever heard of Jeremiah Wright? I mean Jeremiah Wright, his racist rhetoric, its there, but he’s also a Marxist. He teaches liberation theology. How can you vote for a man who considers, and you’re a businessman, considers a Marxist to be his spiritual mentor?”


Michael Brush at MSN Money pointed out more complaints about Obama’s antibusiness attitude in his article “Why CEO’s can’t stand Obama”:

Consider the following attacks on Obama and the Democrats in recent months:

  • Intel CEO Paul Otellini, referring to Obama and the Democrats, said in an August speech to the Technology Policy Institute’s Aspen Forum, “I think this group does not understand what it takes to create jobs.”
  • Verizon CEO Ivan Seidenberg, in a June speech at the Economic Club of Washington, accused Obama of creating an “increasingly hostile environment for investment and job creation.”
  • Cypress Semiconductor’s Rodgers told me last week that he had “started out happy with Obama because we had broken through the white male barrier” and made “a step forward for equality.” But Rodgers added: “I have become deeply disappointed with him. It is amateur hour in Washington. The guy hasn’t got a clue about the economy, how jobs are created, how wealth is created. It reminds me of the Jimmy Carter years, only worse.”
  • Blackstone Group CEO Steven Schwarzman seemed to compare the Obama administration to Hitler by saying in a recent private meeting that Washington’s push to increase taxes on private-equity firms is war, “like when Hitler invaded Poland in 1939,” according to Newsweek.

Bernie Marcus Home Depot co-founder told Neil Cavuto that we will never be able to pay off this debt and that if we continue these policies we will be ‘dead in the water’. ‘I don’t know what he’s smoking’ he said of VP Biden’s stimulus propaganda. He said Obama administration doesn’t “have a clue” on small business.

Who could forget Anita Dunn former White House interim communications director and chief Fox-basher who praised communist China’s revolutionary murderer Mao as one of her two favorite political philosophers. Or Bill Ayers early Obama friend, political supporter and unrepentant domestic terrorist who coauthored the Weather Underground Manifesto. Author Stanley Kurtz exposed the influence of Bill Ayers in the political development of Barack Obama.

And can we really believe that Obama was unaware of the Mao ornament on the White House Christmas tree?

His appointments reflect his socialist Marxist ideology. His science czar, Holdren, and his recent appointment to Medicare & Medicaid, Berwick have both espoused beliefs in the ‘spread the wealth’ philosophy which is Marxism. Marxism is inherently anti-business.

Obama’s pick for his top economic advisory position, Gene Sperling, is a ‘spread the wealth’ attorney with little real economic experience. Sperling wrote “Those who create great wealth do so on the backs and shoulders of previous generations of taxpayers…” and “The notion that ‘you earned it’ is more correctly, ‘you earned it with the indispensable help of the government.’”

Sperling is also a former Fellow at The Center for American Progress which is a George Soros funded left wing think tank that includes radical communists like Van Jones a former Obama White House staffer.

Among Obama’s leading advisers were the head of Center for American Progress John Podesta and at least ten additional CAP experts. Bloomberg wrote about it as the Soros-Funded Democratic Idea Factory Becomes Obama Policy Font.

The plain and simple truth is that Obama is a Marxist. He told us in the campaign that he wanted to ‘spread the wealth around’. He sat at the feet of avowed Marxist Jeremiah Wright for 20 years and claimed him as a mentor. He had a self proclaimed communist revolutionary on his White House staff as a ‘Green Jobs’ czar in Van Jones. In his own book Obama states that he sought out ‘The Marxist Professors’ in college and points out that he ‘went to socialist conferences’.

Even the mainstream Forbes ran an article proclaiming Obama as a Fabian Socialist as early as the day before the 2008 election. Considering what has happened in the two years since this was written it is amazingly prophetic:

Fabians believed in gradual nationalization of the economy through manipulation of the democratic process. Breaking away from the violent revolutionary socialists of their day, they thought that the only real way to effect “fundamental change” and “social justice” was through a mass movement of the working classes presided over by intellectual and cultural elites. Before TV it was stage plays, written by George Bernard Shaw and thousands of inferior “realist” playwrights dedicated to social change.

That’s the Fabian MO, relentless cultural and journalistic attacks on everything that is, and then a hard pitch for the hope of what might be.
That’s Obama’s world.

He’s telling the truth when he says that he doesn’t agree with Bill Ayers’ violent bombing tactics, but it’s a tactical disagreement. Why use dynamite when mass media and community organizing work so much better?

So here is the playbook: The left will identify, freeze, personalize and polarize an industry, probably health care. It will attempt to nationalize one-fifth of the U.S. economy through legislative action. They will focus, as Lenin did, on the “commanding heights” of the economy, not the little guy.

It may not be health care first; it might be energy, though I suspect that energy will be nationalized much more gradually. The offshore drilling ban that was allowed to lapse legislatively will be reinstated through executive means. It may be an executive order, but might just as well be a permit reviewing system that theoretically allows drilling but with endless levels of objection and appeal from anti-growth groups. Wind and solar, on the other hand, will have no permitting problems at all, and a heavy taxpayer subsidy at their backs.

An American Thinker article by Dupes author Paul Kengor relating the interview with Obama’s fellow Marxist from his days at ‘Moscow of southern California’ Occidental College:

Kengor: You said that Obama was introduced to you at Occidental College as a Marxist? Because you were one [a Marxist] at that point?

Drew: Yeah, that’s embarrassing for me, but I studied Marxist economics when I was at the University of Sussex in England. I had a junior-year scholarship over there and I did my senior honors thesis on Marxist economics when I was at Occidental College. And I also founded [the] Democratic Student Socialist Alliance, you know, under a different name, in 1976.

Kengor: John, now you had told me before, and I’m reading from my own book here, “Obama was already an ardent Marxist when I met him in the fall of 1980. [Quotation from above continued.]”

Drew: Yeah, that’s exactly right. Obama believed, at the time I met him - this was probably around Christmastime in 1980 - because, you know, I had flown out during Christmas break from Cornell, where I was doing my graduate work. Young Obama was looking forward to an imminent social revolution - literally a movement where the working classes would overthrow the ruling class and institute a kind of socialist utopia in the United States. I mean, that’s how extreme his views were his sophomore year of college.

Kengor: And you would know this because you were a comrade, so to speak.

Drew: Yeah, I was a comrade, but I was kind of more what Michael Savage called the “Frankfurt School” of Marxism at the time. I was, you know, I felt like I was doing Obama a favor by pointing out that the Marxist revolution that he and [our friends] were hoping for was really kind of a pipe dream, and that there was nothing in European history or the history of developed nations that would make that sort of fantasy - you know, Frank Marshall Davis fantasy of revolution - come true.

And there was the famous slip up Obama had with Joe the plumber during the election where he revealed his true philosophy of ‘spread the wealth around’. And he is doing plenty of that. Every major bill Obama supports is a transfer of wealth. They either take directly from those who have money and give it to others or he uses deficte spending to force future generations to pay it.

Alan Greenspan explains the Obama anti-business game plane in his prescient 1966 article¬† “Gold and Economic Freedom”:

Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.

Deficit spending is simply a scheme for the confiscation of wealth.

How could any reasonable person think that Obama cares anything about business? To Obama and his leftover sixties hippie advisers who have spent their entire lives either in the shelter of government or in quasi governmental academia, business is evil and the manifestation of all that is wrong with capitalism.

Michael Whipple, is the Editor of usACTIONnews.com


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