UTX CEO says Trump is handling business ‘in a way the last administration had never done’

United Technologies CEO Greg Hayes says that, since the election, an increase in consumer sentiment has reflected positively in the company's bottom line.

"The current administration has reached out to business in a way the last administration has never done," Hayes told "Mad Money" host Jim Cramer on Friday.

"I think getting a chance to go to the White House to have your voice heard is very, very important and I think the Trump administration is trying to do the right thing to bring jobs back to America, to grow the American economy and we're certainly supportive of all of those things."

Hayes confirmed that its Otis Elevator business has the largest backlog seen since 2007. In fact, the only problem Otis is facing is finding enough people to install the elevators.

In the beginning of the year, Hayes anticipated the U.S. economy would grow about 2 percent....

I had an Economic professor who argued that good times were inspired by leadership. One only has to look at Reagan and now Trump. I see it in my 401k and it is manifesting itself in businesses hiring people, manufacturers will increase production and house sales and building will spike.

The President has a lot of influence in many subtle ways. What he says about the economy and business carries a lot of weight. Obama was the most anti-business president the country has ever known and only 10% of his cabinet people and other top administration people had any private sector business experience. Between the failed stimulus, the huge drag of Obamacare, and his constant excoriation of business, it's no wonder the nation's businesses were in a miserable funk. It is such a breath of fresh air to have an optimistic President whose speeches and meetings are driving businesses to invest again.

Obama is most anti-business president I've ever seen

March 23, 2012
By Gary Shapiro, President and CEO of the Consumer Electronics Association

I believe the Obama administration has hurt job creation in two big ways:

First, President Obama himself is the most anti-business president in my lifetime. With rhetoric not befitting a president he has attacked oil companies, banks, airplane users, Wall Street and anyone who makes money. Yet, he seems to forget that if you are making money you are in the best position to create jobs.

When the president of the United States is using the bully pulpit to excoriate business at every turn and push the 99 and one percent rhetoric, he is leading by dividing. CEOs are understandably reluctant to invest and hire when they believe the nation’s CEO is out to get them.

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.