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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsObama makes peace with business
WASHINGTON American big business leaders, from Wall Street to boardrooms around the country, backed Mitt Romney to the hilt in 2012, but they and President Barack Obama have rushed into one anothers arms in the wake of his re-election.
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I am passionately rooting for your success, Obama said in remarks Wednesday to the Business Roundtable in Washington before a closed-press question-and-answer session, replacing Octobers presidential rhetoric of demanding that the wealthy pay their fair share with new emphasis on the role of business in the economy. If the companies in this room are doing well, then small businesses and medium-sized businesses up and down the chain are doing well," he said to the group that represents the biggest American businesses.
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And in an interview Tuesday with Bloomberg and outlet selected by the White House for its business viewership Obama was asked by Julianna Goldman if he would bring a business executive onto his economic team.
Not only is it something I'm considering, I'd love to do it, Obama said.
http://www.buzzfeed.com/zekejmiller/obama-makes-peace-with-business
otohara
(24,135 posts)Success = outsourcing, insourcing, bigger CEO paychecks
dballance
(5,756 posts)who are complaining about the ACA, laying people off and reducing the hours of their workforce so they're part-time and don't have to be offered health care.
Why don't you just have the Waltons over and have a discussion about fair wages and working conditions?
HughBeaumont
(24,461 posts)You want to talk about compromise, CEOs?
Look at the charts above and reconcile this 32-year THEFT before you start running your yaps about "shared sacrifice".
ProSense
(116,464 posts)from the speech:
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And I've said this to some of the small groups, let me repeat it to the large group -- I am passionately rooting for your success, because if the companies in this room are doing well, then small businesses and medium-sized businesses up and down the chain are doing well. If companies in this room are doing well, then folks get jobs, consumers get confidence, and we're going to be able to compete around the world.
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So what we've said instead is lets allow higher rates to go up for the top 2 percent -- that includes all of you, yes, but not in any way thats going to affect your spending, your lifestyles, or the economy in any significant way; lets make sure that 98 percent of Americans don't see a single dime in tax increases next year, 97 percent of small businesses don't see a single dime in tax increases next year -- and by doing that alone we raise almost a trillion dollars without any adverse effects on the economy.
Lets combine that, then, with some additional spending cuts and some long-term entitlement reform that can get us to a number close to $4 trillion, which stabilizes our debt and our deficits relative to GDP for at least a decade, perhaps more.
That's our plan. That's what we've presented. The holdup right now is that Speaker Boehner took a position I think the day after the campaign that said we're willing to bring in revenue but we're not willing to increase rates. And I just explained to you why we don't think that works. We're not trying to -- we're not insisting on rates just out of spite or out of any kind of partisan bickering, but rather because we need to raise a certain amount of revenue.
Now, we've seen some movement over the last several days among some Republicans. I think theres a recognition that maybe they can accept some rate increases as long as its combined with serious entitlement reform and additional spending cuts. And if we can get the leadership on the Republican side to take that framework, to acknowledge that reality, then the numbers actually aren't that far apart. Another way of putting this is we can probably solve this in about a week; its not that tough. But we need that conceptual breakthrough that says we need to do a balanced plan; that's whats best for the economy; that's what the American people voted for; that's how we're going to get it done.
Let me make one last point and then I'll start taking questions. There had been reports -- and these are not necessarily confirmed, and maybe some of you have more insight than I do on this -- that perhaps the Republicans go ahead and let the middle-class tax cuts get extended, the upper-income tax cuts go up, otherwise we don't get a deal, and next year we come back and the thinking is Republicans will have more leverage because there will be another vote on the debt ceiling and we will try to extract more concessions with a stronger hand on the debt ceiling.
I have to just tell you that is a bad strategy for America. It is a bad strategy for our businesses. And it is not a game that I will play.
- more -
http://www.whitehouse.gov/the-press-office/2012/12/05/opening-remarks-president-business-roundtable
President Obama should stand by his proposal.
Obama offers GOP an ambitious, progressive debt-reduction plan
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