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.
I was thinking the same thing, but man, whatever he’s smoking, I want some!
“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.”
(1) His base could not care less about the Dow and S&P. (2) Those who might care understand that the value of the Dow and S&P have not gone up. Rather, the value of the US dollars buying stocks has cratered. Not a good thing.
Obama has kept his campaign promise to transform America. He has wrecked it.
”State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added].” —Gibbons v. Ogden, 1824.
Actually his policies has helped the corporatists who donated to his campaign.
I used to get high, but I NEVER got delusional.
Anyway, now I’m too old to do anything.
Obozo doesn’t know obama about business.
Bingo!!!!!!!!!!!!!!!!
Yep, I really do think he believes his delusional thoughts.
Besides, you're damn straight it's businessmen's job to complain about regulation.
Unreal,all he has to do is drive down the street and see how many business are for sale.Waste of words they voted him in.
Obama is as knowledgeable about business as Karl Marx, who never set foot in a factory.
Zero is totally, absolutely, undeniably delusional. Toss in that despotic, narcissistic personality, and you have the model of a truly corrupt politician who should NEVER hold the reins of power or authority.
3) The funny money which the fed produces is used for gambling on the stock market rather than investing in new factories and hiring people. The stock market right now is as juiced as Lance Armstrong.
the model of a truly corrupt politician who should NEVER hold the reins of power or authority.
He definitely should not have a key to his padded room...
Hmmmm, pretty much sums up your political philosophy regarding those you desire to destroy.
Oh by the way Obama, how did that last cease fire that you demanded with Hamas work out for you?
Most delusional president in my lifetime!
What would this community organizer know about business?
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