Archive for Tuesday, February 8, 2011

Obama urges CEOs to act for America

February 8, 2011


Echoing John F. Kennedy, President Barack Obama prodded business leaders Monday to “ask yourselves what you can do for America,” not just for company bottom lines, even as he sought to smooth his uneasy relations with the nation’s corporate executives.

Speaking to the U.S. Chamber of Commerce, the president urged the business community to help accelerate the slow economic recovery by increasing hiring and unleashing some of the $2 trillion piling up on their balance sheets.

“I want to encourage you to get in the game,” Obama said.

He enumerated new efforts by his administration to improve the nation’s business infrastructure, spend more to support entrepreneurs and foster greater innovation. He vowed to address “a burdensome corporate tax code,” and go after “unnecessary and outdated regulations.”

But to a polite, subdued audience of about 200 he also offered a stout defense of health care and financial regulation overhauls — two signature administration initiatives that caused some of the most rancorous disputes with the Chamber last year.

“I want to be clear: Even as we make America the best place on earth to do business, businesses also have a responsibility to America,” Obama said.

“As we work with you to make America a better place to do business, ask yourselves what you can do for America. Ask yourselves what you can do to hire American workers, to support the American economy, and to invest in this nation.”

President Kennedy, in his inaugural address 50 years ago, memorably declared, “Ask not what your country can do for you; ask what you can do for your country.”

Reacting, Bruce Josten, the Chamber’s chief lobbyist, said, “Companies first, unlike a government, have to sustain their operation and that requires being able to pay your employees, vendors, suppliers and bondholders.”

“Bottom line, the most patriotic thing a company can do is ensure it is in business and take steps to stay in business; otherwise everyone loses and more people lose their jobs,” he said.

The U.S. Chamber mounted a vigorous lobbying campaign against the health care bill and the financial regulation overhaul, particularly a provision creating a consumer financial protection agency. It also spent at least $32 million in the 2010 elections.


CorkyHundley 7 years, 3 months ago

Is this the 'new' America the Hawaiian Dude has been telling us about? The 'Hope and Changey' new America?....

Pleading and Begging 'Free Market' businesses to give the Hawaiian Dude their money? ....the so called 'President' of the United States?

ha ha

This is what happens when you put a community disorganizer in charge of a 'business', which 'amazingly' the Hawaiian Dude now calls the country.....a business?

In case you all haven't noticed. This Dude, a Nobel Peace Prize Laureate, like 'Arafat' was, is a "Disaster". Iran, The Brotherhood, Putin, Britain, China, Koreas, Trump, Norquist, Harry Reid, Me....ha....know that America has an emotional "Disaster" on its hands.

This just in.....Nobel Peace Prize Laureate Destroys Egypt.

Crazy_Larry 7 years, 3 months ago

OMG, Rush Limbowel! FYI: Nobody with intelligence is buying into the BS you spew. If only we could sit down for a beer I could show you the error of your ways.

Olympics 7 years, 3 months ago

You're gonna need more than one beer (and potentially a willingness to jam a sharp object into your brain stem as a conversational escape plan)

Crazy_Larry 7 years, 3 months ago

Nope, one beer is all it will take; I forgot to mention that Rush's beer will contain Flunitrazepam.

Richard Heckler 7 years, 3 months ago

Should You Pay Your Mortgage?

Learning To Walk: Fear, Shame And Your Underwater Mortgage
By Ryan Grim, Arthur Delaney and Lucia Graves

Nearly 1 in every 4 U.S. homeowners with mortgages owe more on their home than it's worth. Once a month, those 10.8 million are faced with a question that cuts to the core of the American Dream. - Should I pay my mortgage?

Flap Doodle 7 years, 3 months ago

Many Americans spend too much money on having unscrupulous companies pollute the air with internal combustion lawn care machines when they should be cutting their own lawns with reel mowers.

George Lippencott 7 years, 3 months ago

You are joking - right. You really do not expect 70 year olds to use a reel mower on 1/4 of an acre?? Or are you one of those that demand they give up their home of thirty years because they are old. Whoa – what did we raise???

George Lippencott 7 years, 3 months ago

Good politics but otherwise a useless and arrogant gesture.

Flap Doodle 7 years, 3 months ago

Does that mean Dear Leader will take his boot off their neck?

just_another_bozo_on_this_bus 7 years, 3 months ago

His lips have been firmly planted on their butts since his inauguration, which makes it physically impossible to put a boot on the neck.

tomatogrower 7 years, 3 months ago

Why should companies care? Quit the carrot stuff, and go for the stick.

George Lippencott 7 years, 3 months ago

How? Our system does not give the Pres a lot of authority over busainess.

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