Posted on 08/30/2014 5:45:29 PM PDT by Hojczyk
US News and World Report Chairman and Editor-in-Chief and publisher of The New York Daily News, Mort Zuckerman argued that President Obama “has lost the confidence of the business community” on Friday’s broadcast of “The McLaughlin Group.”
“[The economy] has...grown by about 2%, 2.1%, for the last five years, which is the lowest rate of growth coming out of a recession we have had ever, since the Great Depression.
And what’s more, that only took place, not because of the fact that the economic environment was that good, it's because we have a hugely stimulating monetary policy and fiscal policy. We have run up huge national debt and we have undermined the value of the dollar, and this is in my judgment not representing a good economic policy” he argued.
And “he [Obama] has lost the confidence of the business community and the business world in terms of where it counts, which is investment, and new plant[s] and equipment.”
Zuckerman concluded that the national debt would “restrict what we are going to be able to do as a country for decades,” adding that “we have a situation where we are losing the competitive edge that we had, not totally, but in many, many areas.”
(Excerpt) Read more at breitbart.com ...
The fool loved OBAMA in 2008
The notion that he ever had the confidence of any real businessperson is laughable on its face.
True business savvy entrepreneurs tagged him, out of the gate, as the commie redistributionist he is.
He warned anyone who would listen in 2008 exactly what he had in mind, no cryptic phrases, no innuendo, plain english. It’s a little late for them to be whining about it now
If that’s true, the real mystery is why he ever had the confidence of the business community to begin with. You can’t lose what you don’t have.
The question should have been asked: “Why would Zero have any credibility with the business community in the first place? What were his credentials and experience?”
Question is how did he gain it in the first place?
Wow, Mort, really?? What a brain.
TRANSLATION: “Legalize 30,000,000 Democrat voters and they will love you again.”
Duh!
The only sector of the economy that has experienced any real growth has been oil and gas production and that has been entirely despite Obama not because of him.
Totally unexpected.
Oh, yeah. And keep on supporting the dummiecrats you big dummy and you’ll get more of it.
And soccer-moms hooking part-time.
The question should have been asked: “Why would Zero have any credibility with the business community in the first place? What were his credentials and experience?”
I’d be willing to bet that they were guaranteed virtual monopolies and the destruction of the small business sector in return for their ‘support’. Like all people that think that way, they didn’t take into account that they NEED a secure customer base to buy their goods and services.
Obama’s policies and regulations insured that their customer base has shrunk and that those people are now reliant upon government handouts now.
Mr. Skittles has lost the confidence of everyone, except the race baiters, the free-stuff crowd and the muzzies.
The Rats don’t want him anywhere near them come election time, but hopefully, all of that is a little too late. He’s an albatross around their neck and it stinks. Maybe the rest of “you didn’t build that” America will finally wake up.
To the extent that they were a normal business, trying to make their way, following traditional rules...business was Juanita Broaderick.
Hey Zuckerman welcome to 5 years ago...
I was thinking the same thing; this is hardly news. Here in NJ we’ve had so many businesses close since the recession started I can’t believe the business community has had any confidence in Obama for years...
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.