Posted on 08/03/2014 6:10:32 PM PDT by jazusamo
President Obama says he has been “friendly” to business, but understands why they are “frustrated” with many of his regulations in a new interview published in The Economist.
“They always complain about regulation,” Obama says of business leaders. “That's their job.
“I would take the complaints of the corporate community with a grain of salt,” he adds. “If you look at what our policies have been, they have generally been friendly towards business.”
Speaking of the Dodd-Frank financial reforms, Obama says his regulations helped hold the global economy together at a time of crisis.
Obama explained that there are “core” areas, such as the financial markets, “where, yes, we're placing constraints on them. It probably cuts into certain profit centers in their businesses.”
“I understand why they would be frustrated by it, but the flip side of it is that they'd be even more unhappy if the global financial system unravels. Nobody has more of a stake in it than them,” Obama said.
The president pointed to a record stock market, as the Dow Jones industrial index and the S&P 500 have both reached new highs under the Obama administration. At the close of business on Friday, the Dow was pushing 16,500, while the S&P has toppled 1,900.
Obama also said corporate profits are high, job growth has continued for 52 consecutive months, though at a mild pace, and the national deficit has been cut in half.
“I think you'd have to say that we've managed the economy pretty well and business has done OK,” he said.
Does he even hear the words coming out of his mouth?
He lies!
But, we knew that.
Jack the Ripper: My policies support life...
I’m sure government workers, unions, and law firms just love him....
(among his favorite cronies that benefit at OUR expense....)
Liars gotta lie.
If this is being “friendly” to business imagine what
it would be like if he was “unfriendly”.
Can you say “War on the Kulaks”.
“Exterminate the Class enemy”?
He’s partially correct.
There’s a long list of crony capitalists who have prospered during the Baraqqi regime.
And the reporters listening to him are smilling, nodding, clapping in applause! Rather than laughing at his stupidity and haterd.
Oh, by the way, all that stock market gains he is so proud of?
Made up of people (peak baby boomers just before retirement) who HAVE NO OTHER PLACE TO PUT MONEY other than the stock market 9401K and IRA’s) and who HAVE TO BUY every month.
He is totally delusional.
He’s not being delusional. He’s lying with impunity.
Hamas: “We do not target civilians”
0bama: “My policies have been business friendly”
While I consider 0bama a God-less atheist, he sure lies like a Muslim terrorist.
They are Jarretts words. He's just the 'suit' reading them.Sort of like Beckel on "The Five" regurgitating the morning DNC talking points and not knowing in the slightest what he has just said.
It will be interesting to see how many biographical books describe Zero was delusional after we rid ourselves of that plague.
Absolutely, and the sun is made of blue cheese, with Penicillium roquefortii the primary fungus inoculant involved. I was also born last week.
Amazing how someone who has ZERO experience in business and private enterprise still thinks he knows so much about it.
Well little buddy, if you like your “business friendly” policies, you can keep your “business friendly” policies.
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