The Homa Files

Here’s one from the “say what?” file …

At Wednesday’s CEO Summit, execs told Obama that

“ … an overwhelming majority of those in business believe the administration is hostile, with little or no understanding of how this saps the “animal spirits” required for taking risks on expansions and start-ups.”
http://www.ft.com/cms/s/0/1e56086c-0882-11e0-80d9-00144feabdc0.html#axzz18Gn2QqtQ

OK, that’s not new news to most of us.

The President’s rebuttal:

“ …  the president expressed his frustration about the apparent disconnect between productive talks with the executives, and the harsh rhetoric directed at the administration by the business lobbyists they employ.”http://www.ft.com/cms/s/0/ea11431a-087b-11e0-80d9-00144feabdc0.html#axzz18GoEJFOK

After 2 years of vilifying virtually every company (except Google) with the harshest rhetoric on the planet, the President says the problem is biz talking trash about him.

You gotta be kidding me.

Ironic that the fate of his presidency is now largely in the hands of those who he has trash talked.

See FT, Only business can put Obama back on top, December 15 2010
http://www.ft.com/cms/s/0/1e56086c-0882-11e0-80d9-00144feabdc0.html#axzz18Gn2QqtQ

My bet: the execs will continue to sit on cash and slow roll the hiring process.

Why?

They just don’t trust the guy …

This entry was posted on December 17, 2010 at 6:58 am and is filed under Employment - Jobs, Obama Administration. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.