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Is Obama a Pro-Business President?

Friday, 9 Jul 2010 | 2:51 PM ET
President Barack Obama
Getty Images
President Barack Obama

The theme of this evening's Kudlow Report is getting America back on the path to prosperity. Many corporate executives and investors, however, believe that the policies of the current administration are creating obstacles to that goal. This leads to today's Kudlow Caucus question...

Is Obama a pro-business president?

Take our poll below and tell us what you think! Watch "The Kudlow Report" tonight at 7pm ET and find out what out caucus members have to say or check back here later for a summary from our caucus members.




The Kudlow Caucus Breakdown

No
Jerry BowyerEconomist, CNBC Contributor
Unless by pro-business, you mean pro-business taxes; pro-business regulation; pro-business litigation; pro-business nationalization. He loves businesses so much that he wants to run them all himself.

No
Kellyanne ConwayCEO and President
the polling company™
He is the most anti-business President in history. His policies on taxation, spending, regulation and the role of government are punishing businesses and extinguishing the dreams of entrepreneurs everywhere.

No
David P. GoldmanSenior Editor
First Things
By running the largest peacetime deficits in history he has turned the US government into a giant vampire squid that consumes all the savings and balance sheet available in the financial system.

Yes
David GoodfriendLawyer
Not only is the Dow thousands of points higher now than when the president took office; not only have we averted a banking crisis; not only has the U.S. economy added private sector jobs every month for the last six months (as opposed to losing over 700,000 jobs a month like we were doing two years ago), but President Obama's policies have helped to improve our exports, expand investment in new technology through refundable tax credits and other incentives, and maintain a stable interest rate environment.

No
Jim LaCampPortfolio Manager, Portfolio Focus, RBC Wealth Management
Co-Host, Opening Bell Radio Show, Biz Radio Network
Of course not. When he was running, he talked of jobs (police, fire teachers), all government jobs. Now it's Higher taxes, regulation, payroll taxes, healthcare costs, union treatment (GM, Chrysler, card check), cap and trade, need I go on? No wonder employers won't hire.

No
Art LafferFmr. Reagan Economic Advisor
Chief Investment Officer, Laffer Investments
No. Let me count the reasons… On second thought, I’m not sure I can count that high.

No
Donald L. Luskin Chief Investment Officer, Trend Macrolytics LLC
The only sense in which Obama is pro-business is the sense in which a wolf is pro-sheep. He needs to keep enough of them alive to reproduce so he can always have plenty to eat.

No
Daniel J. Mitchell
Senior Fellow
Cato Institute
A few companies still support Obama because they know how to use the political system to get taxpayer money and/or undermine competitors, but most of the business community now understands that a never-ending stream of more taxes, more spending, and more regulation is bad news in a competitive global economy. The White House may be able to get the support of Goldman Sachs for the Dodd-Frank bailout bill, and they may be able to get the support of BP for the cap-and-trade regulation bill, but companies generally have figured out that the favors politicians distribute almost never offset the burdens politicians impose.

No
Steve MooreSr. Economics Writer, The Wall Street Journal Editorial Board
Obama is the least pro-business President since Herbert Hoover.

No
Peter Navarro
Business Professor
University of California, Irvine
What is this, the Comedy Channel? Of course not. It’s not just the higher taxes and more regulations and failure to engage China on trade reform. It’s the higher interest rates that businesses will be faced with in the out years of this deficit-generating fiasco.

No
James Pethokoukis
Money & Politics Columnist
Reuters
YES. He's pro-business -- if you are big company that, say, sells prescription drugs or carbon offsets, etc. He loves targeted tax breaks and handouts. Crony Capitalism. But he is not pro-market. He doesn't believe that market forces can, without the heavy hand of government, produce a society that is safer, stronger, better and more prosperous.

Yes
Mark Walsh
Political Strategist and Campaign Innovator
Yes and No. He does not understand business as much as he should, but he is convinced that Jobs is the way to a healthier US and that good jobs come from robust business and growth. NO because he listens to the wrong advice on which industries to encourage and which industries to try to rein in and reconfigure and regulate. I wish he had more “savvy” on this last point.

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  • Lawrence Kudlow is a CNBC senior contributor. Previously, Kudlow was anchor of CNBC's prime-time program "The Kudlow Report"