Posted on 07/11/2010 12:01:11 PM PDT by NormsRevenge
WASHINGTON (Reuters) Some business groups, upset about budget and regulatory policies they say are costing jobs, are accusing President Barack Obama of pursuing an agenda that is hurting the U.S. economic recovery.
The criticism comes amid a tepid pace of private-sector job creation and the White House is responding by saying a lack of regulations triggered the economic crisis and that a balance is needed to protect Americans.
The issue could give Republicans a potent weapon in the November elections in which they hope to overturn the dominance in the Congress of Obama's Democrats.
The U.S. Chamber of Commerce, a lobby that represents big businesses, is to lay out its concerns with Obama's policies at a "jobs for America" summit Wednesday in Washington. Chamber CEO Tom Donohue is to issue an open letter to Obama and Congress that will urge "immediate action to address the new regulatory stranglehold placed on America's job creators."
Douglas Holtz-Eakin, an economist who was a top adviser to 2008 Republican presidential candidate John McCain, said Obama's agenda has "nothing in it" for the business community.
"We are growing too slowly," said Holtz-Eakin, a former director of the Congressional Budget Office. "Households are broke. Governments have to retrench. The only places to get strong growth are in the business community and in net exports and that's where they have nothing."
Longtime Obama adviser Valerie Jarrett, the White House point person for outreach to the business community and other outside groups, said the administration's agenda is fostering growth, not stifling it.
"The facts are clear that President Obama's policies have been instrumental in bringing back our economy from the brink of the largest economic meltdown since the Great Depression," she told Reuters.
(Excerpt) Read more at news.yahoo.com ...
message in this.. ? maybe, like..
Obama&crew, move to EUrope, They love you there.. EUroMarxists belong together.
actually, EUrope likes him no more than the rest of the world some 19 months into his madness... which is not well at all.
Stop crying about it and do something.
Get more actively and openly against Obamas policies, defy Obama, mock Obama, laugh at his failed agenda.
Find his so called “eastern front” and make him work hard using all his resources to defend it.
Its there its just that nobody has the guts to go there.
And all of us who are still employed are working our guts out to keep the ship afloat so that Zero can implement his Socialist Utopia. American corporations are grinding all their employees into powder so that they can stay afloat under this regime.
They are all just suspicious of Obama due to His middle name.
“The facts are clear that President Obama’s policies have been instrumental in bringing back our economy from the brink of the largest economic meltdown since the Great Depression,”
Had someone other than Obama been elected the economy
would have self corrected and stabilized by now.
It’s the constant tinkering with the basic foundations
that is plugging uncertainty into the mix.
Nixon defined a recession as “any time the American people
loose faith in the future.” That my friends is where
we are now, and obama only promises us more confusion
and dispair.
They continue with the Canard that they have brought us back from the Brink! how? by tripling the Spending of George Bush? Why doesnt someone ask them when they say, Ws policies brought us too the Brink,what policies for instance? If W brought us to the brink how come Obama said his stimulus was making up for the past 8 years of Bush ignoring the poor? For 8 years all the Democrats did was say Bush was not doing ENOUGH,Now they say he drove us into a ditch at the same time Obama triples what Bush spent,
I know The democrats like to have it both ways but it IS PAST TIME TO CALL THEIR BLUFF
Nixon was very right. Obama is making it clear to us all that he plans to crush our future, narrow our horizons, and punish us for our dreams.
It's odd...I just read a thread where people were rejoicing in the fact that nobody is buying on credit anymore. What they don't realize is that credit indicates that you have faith in the future. Most people mean to repay their debts, and they think that their wages will go up, their property will gain in value, etc. and they will thus have more money in the future to pay off the debt commitment they have made.
When people stop borrowing and pull in their horns and freeze, it means that they have no faith at all in the future and just hope they will be able to retract and survive. This is what Bambi's horrible policies have brought us to.
Glad to see that nothing gets by these bright CEO’S, this is the same thing that anyone with an IQ above 30 knew prior to him buying his election.
One big problem- ever since the bailouts, the business community’s credibility with the American public hasn’t been high.
Even the liberal useless idiots are waking up the fact that government doesn’t create wealth, it only confiscates, redistributes, and diminishes wealth.
Longtime Obama adviser Valerie Jarrett, the White House point person for outreach to the business community and other outside groups, said the administration’s agenda is fostering growth, not stifling it. <<<
Prove it Valerie you lying ***************
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