Posted on 04/18/2016 4:31:20 AM PDT by expat_panama
President Obama came into office railing against “fat cat bankers” and “corporate jet owners.” He’s going out much the same way...
...first target: Set-top boxes cable companies typically rent...
...cable industry, clearly surprised by Obama’s latest move, fought back, faulting the president for “inflammatory rhetoric” and for politicizing a matter that ought to be handled by independent regulators. No matter. Obama says his administration plans to take more such actions...
...With the exception of his support for free trade, Obama is center-left on most economic issues, favoring higher taxes on the wealthy... ...more rules and regulations to rein in business behavior isn’t surprising. What is surprising is the broader shift in public attitudes toward corporations, which have become the bogeymen blamed for stagnating middle-class living standards.
The insurgent presidential campaigns of Republican Donald Trump and Democrat Bernie Sanders are built squarely on the anger many Americans feel toward corporate elites... ...no presidential candidate dares stand up for the corporate class, as Mitt Romney did in 2012.
Obama may feel emboldened by the anger... ...pushed hard for tougher new environmental rules that limit the use of coal, causing severe hardship for coal producers... ...wind, solar and natural gas production, are the beneficiaries, yet Obama has offered little sympathy toward those displaced...
...The question for corporate America is whether the anti-business sentiment animating the presidential election will intensify or abate once Obama is gone and the next president takes office. The worst scenario for big business and Wall Street would be a Democratic sweep that puts Hillary Clinton in the White House and flips both houses of Congress into the D column, leaving business exposed to the more activist party. That’s unlikely, but so is the popularity Trump and Sanders have gained with disgusted voters. Even Obama may be surprised...
(Excerpt) Read more at beta.finance.yahoo.com ...
No they don't force me and no I don't pay.
imho the big problem we got these days is that it's so much easier for most Americans to decide they're helpless and blame others, then it is to simply pick from what's available or create something that's not there yet. Yeah, I know it's more work but it's a lot more satisfying.
My experiance is that I can get pegged as the bad guy any time nite'or'day and what I do or don't do doesn't make any difference. As far as I can tell you and me just have to hunker down and watch who we deal with, although if you ever figure out some way to change another person's mind and heart please let me know.
Do you drive a Lexus or BMW? :)
Oh, I’m hunkered in, alright! :)
A used Ford! :)
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