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President Obama’s Relationship with the Business Community

As an owner of a small business myself, I’ve been somewhat disappointed in how anti-business President Obama seems to be.  We already knew he lacked experience in private business and never owned one, but I’ve been really surprised at how disinterested he is in the private sector – considering how important it is to lift the country out of the economic problems we’re facing.  After all, the real jobs that provide long term solutions are created by American business, particularly small businesses.  But now,
a comparative study by Michael Cembalest, the chief investment officer for JP Morgan Private Bank, reveals how out of balance this administration is on the issue compared with previous presidents.

In comparing the balance of private versus public sector cabinet appointments of presidents between 1900-2009, Obama has the lowest number of private sector cabinet members by far.  While most previous presidents had at least 50% of their cabinet advisors with private sector experience hiring and firing, and running a business, President Obama’s cabinet has less than 10% with such expertise.  His cabinet is dominated by public employees.  Since the dominant engine of job growth is private business, it’s very surprising how little the president cares about hearing from that community.

Heather MacDonald, writing at secularright.org, was quoted in the Wall Street Journal regarding many who really are anti-business these days:

“The anti-business mindset . . . is worthy of a pampered adolescent who is searching for a cause with which to display his unique moral sensibility. It is not worthy of an adult who should be able to use his imagination, if not actual experience, to appreciate the extraordinary human effort that has gone into creating the delightful tools that we daily take for granted. On my desk sit various humble objects—a tiny clock, a stapler, a paper clip box, a Lucite cook book stand for holding up drafts and other papers while I type. Each object represents a fractal geometry of complexity, composed as it is of parts that themselves require enterprise to manufacture, assemble, and deliver, all born along on waves of energy and infrastructure to which yet another set of entrepreneurs contributed. The fact that all of those distributors and manufacturers tried to make a profit does not detract from the fact that they offered goods which enhance our lives. . . .  It is the ingratitude that kills me the most among anti-business types. The materials that furnish a single room in an American home required daring, perseverance, and organizational skill from millions of individuals over generations. I hope they all got filthy rich.”

What do you think?

 

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7 Comments

  1. It really doesn’t matter. All of these studies and polls and essays and observations have done nothing to affect the man. Even a sound referendum on his policies in Massachusetts has done little to sway him from his stances and goals. Certainly we can wax on an on ad infinitum about Obama’s every failing, it is our right as Americans to do so, but all the good advice in the world means nothing when it falls on deaf ears.

    Obama will always seek to make his ideals happen by means of government intervention in the lives of the people. He has made it clear by his actions that he has no interest in restoring work and dignity for the millions without jobs or hope.

    I have no confidence in the man other than the confidence I have that he will not ever truly care about the people.

  2. Just this past week I read that small businesses are going to get incentives to hire part time employees. Great! Now half the workforce will be cut again and only part time jobs will become available – but the poor folk that get them will have to have open availability so getting 2 or 3 part times jobs will be extremely difficult.

    That will fix the statistics so that it looks like everyone is working. The unemployment figures will go down, and the current administration will be all over the news touting a fixed problem.  

  3. It was pretty clear during the campaign what direction he was going to take the country on matters of economic policy.  Although Obama will pay lip service now and then to helping “small business,” and “working families,” (tax cuts of $7 a month – wow!!), he is one of the most liberal and ideological President we’ve had in quite a while on matters of the economy, i.e. the federal government is the cure for our economic woes and that private enterprise (i.e. “Wall Street”/banks) are the root of our problems.  It’s not just populist BS meant for the liberal-socialist class, – he really believes it. 

  4. I have to agree with you on this, Emilio, “but all the good advice in the world means nothing when it falls on deaf ears.”

  5. California DUI, what business man is running the country? Obama has no experience with either owning or operating a business, large or small? How recently were you pulled over?

  6.   what ever decisions made by obama is true and good… the country’s economy is in the hands of business man… for oppose recession we need some good trends and new business tricks…. all the work did by obama is really going to help many people…

     

    Thanks for the wonderful article…

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