Quick & to the point.
Excerpted from WSJ: Bonfire of the Populists , Jan. 28, 2010
The president’s anti-Wall Street rhetoric is not good for the economy, and may hurt his party politically.
FDR was re-elected in 1936 for many reasons, but among them was his fiery denunciations of “economic royalists,” “economic tyranny,” and “economic slavery.”
Business knew it was in the president’s crosshairs and put its capital on strike. The economy didn’t recover until the war.Team Obama is already witnessing a is already witnessing a repeat.
A venture capitalist recently remarked to me that the uncertainty the administration has created is “nothing short of paralyzing.”
Nobody will invest in an industry that might be the next to be overtaxed, overregulated, or publicly disemboweled.
Full article:
http://online.wsj.com/article/SB10001424052748704878904575031640091592622.html?mod=djemEditorialPage
Real business guys tell me that they are, in fact, holding off hiring until “things settle down”. Further, they fear draconian reprisals from Team O if they show any resistance to the anti-business initiatives or rhetoric.
So how can businesses fight back?
Easy. Just ‘recast’ each potential new hire as a vote for Obama’s policies … and refuse to pull the lever.
It’s called passive aggressive behavior.
The Homa Files 
February 1, 2010 at 9:44 am |
You’re missing the more important lesson for the business community: NEVER back an anti-business candidate in hopes of placating him once he’s in office.
As the past 12 months have proven: NOTHING is inevitable and many “smrt” business people acted stupidly in the 2008 campaign.
June 7, 2010 at 7:51 am |
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