From passive aggressive to active aggressive behavior … Business groups tell Obama: “Let’s rumble …”

In a couple of posts dating back to last year, we’ve pointed to the passive aggressive behavior of corporations and their CEOs.  Knowing that the vindictive Administration would be all over them if they openly opposed the Obama agenda, they kept quiet and simply kept their employment offices closed.

Well, now the passive aggressive stage is becoming active aggressive.  The Chamber of Commerce led the way (and got dis-invited from the White House).  The Business Roundtable went public a couple of weeks ago with a 60 page list of grievances.

Now, the U.S. Chamber of Commerce, the Business Roundtable and the National Federation of Independent Businesses — are forming a united front  in their confrontation with the Obama administration over economic policy, calling on the White House to cut taxes, expand royalty-earning oil drilling and timber harvesting, sign stalled trade agreements  and curb its regulatory over-reach.

Business groups’  list of concerns is summarized in an open letter to the President that reads in part:

The congressional leadership and your administration have taken their eyes off the ball.

They neglected America’s number one priority — creating the more than 20 million jobs we need over the next 10 years for those who lost their jobs, have left the job market, or were cut to part-time status—as well as new entrants into our workforce.

Instead of continuing their partnership with the business community and embracing proven ideas for job creation, they vilified industries while embarking on an ill-advised course of government expansion, major tax increases, massive deficits, and job-destroying regulations.

This approach has failed to return our economy to a path of robust growth, which is a critical prerequisite to significant private sector job growth.

In some cases, wrong policy choices are actually eliminating good job opportunities for American workers.

By straying from the proven principles of American free enterprise, policymakers are needlessly prolonging the economic agony of the recession for millions of Americans and their families

Today, more than 16% of American workers are unemployed, underemployed, or have simply given up looking for a job.

Consumer confidence remains low, housing prices are still depressed, the stock market has trended downward, the global recovery is sputtering, and there are growing concerns about the prospects of a double-dip recession.

Through their legislative and regulatory proposals — some passed, some pending, and others simply talked about— the congressional majority and the administration have injected tremendous uncertainty into economic decision making and business planning. This is why

  • Banks are reluctant to lend
  • American corporations are sitting on well over a trillion dollars in cash
  • America’s small businesses and entrepreneurs, the engines of innovation and job creation, are starving for capital and are either struggling
    to survive or unable to expand.

The business community shares the view of most Americans that the current approaches are not working.

We are offering an achievable road map to greater economic growth and more jobs, and we don’t care who gets the credit.

Full letter to the President (worth reading):
https://createpdf.adobe.com/cgi-pickup.pl/FINAL%20-%20READY%20FOR%20LAYOUT%20-%20Open_Letter-%207%2012%2010.pdf?BP=IE&LOC=en_US&CUS=64b295f11e9e6c402b22f65989ef84df&CDS=4C3D49A7-0917-28BB03

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