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.
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.
Donald L. LuskinChief 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.
Daniel J. Mitchell
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.
Steve MooreSr. Economics Writer, The Wall Street Journal Editorial Board
Obama is the least pro-business President since Herbert Hoover.
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.
Money & Politics Columnist
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.
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.