1bad65
07-01-2010, 01:47 PM
Wow! When CNN is upset at a liberal Democrat President, you know things are getting bad.
""There's a sense that whenever he speaks about them it is only to bash them, only to accuse them of greed or something like that, and then there are all these assertions of greater regulatory power, the assertion of governmental power over everything from the banks to BP to the auto companies," Zakaria told CNN.
"I think Obama was dealt a bad hand. You had to do something about the car companies, you had to do something about the banks, you had to do something about BP. But now he needs to recognize that the collective effect of all that has been to scare businesses."
Zakaria said that business leaders he's talked to, most of whom supported Obama's campaign, have "a feeling that he really doesn't get what they do in the private sector. He has no trusted adviser who comes out of the private sector. It's the first time you have no CEO in the Cabinet; it's the lowest level of business representation in government in at least 60 or 70 years."
We have the highest corporate tax rate in the world. It used to be the second highest, but Japan just cut its corporate tax rate. We have to realize that these things have an impact."
Source:
http://www.cnn.com/2010/OPINION/07/01/zakaria.obama.business.fear/index.html?hpt=T2
""There's a sense that whenever he speaks about them it is only to bash them, only to accuse them of greed or something like that, and then there are all these assertions of greater regulatory power, the assertion of governmental power over everything from the banks to BP to the auto companies," Zakaria told CNN.
"I think Obama was dealt a bad hand. You had to do something about the car companies, you had to do something about the banks, you had to do something about BP. But now he needs to recognize that the collective effect of all that has been to scare businesses."
Zakaria said that business leaders he's talked to, most of whom supported Obama's campaign, have "a feeling that he really doesn't get what they do in the private sector. He has no trusted adviser who comes out of the private sector. It's the first time you have no CEO in the Cabinet; it's the lowest level of business representation in government in at least 60 or 70 years."
We have the highest corporate tax rate in the world. It used to be the second highest, but Japan just cut its corporate tax rate. We have to realize that these things have an impact."
Source:
http://www.cnn.com/2010/OPINION/07/01/zakaria.obama.business.fear/index.html?hpt=T2