Pages: 1 2
A top business executive, however, may be a better fill for the position of chief of staff, now that Rahm Emanuel has left to run to be Chicago’s mayor and David Axelrod will be running Obama’s campaign headquarters, also in Chicago. That is, if a high-ranking business executive would even consider such a post.
Tapping a true capitalist would not only be startling in an Obama administration, but Obama’s unforced errors have almost completely alienated him from American business. Since taking office, he has shown no hint of appreciation for the wonders of the free market and private enterprise. It was because Obama has seemed infatuated with what he considers the “best and brightest Ivy League types” that he chose Lawrence Summers, former president of Harvard.
Obama might have avoided much of the business backlash if he had brought in a few business people into his entourage or if he had brought a prominent business person into his cabinet, pondered The Economist. What is surprising, the column said, is that “some of the President’s biggest supporters’ have so publicly derided his policies, even at the risk of hurting their ability to influence the party in the future.”
Obama may now be seeking reconciliation with the corporate community after business leaders sank millions into the midterm election to defeat Democrats. But two years of frustration are more than enough for many executives who say “they won’t be won over by another round of private lunches and photo opportunities at the White House,” said a Politico story. If the President has any hope of a truce with industry in time for his reelection campaign, he needs to drop the name-calling and step forward with some specific positive proposals.
“No amount of relationship-building is a substitute for policy,” said Johanna Schneider, executive director for external affairs at the Business Roundtable, which once was an enduring corporate ally. She added: “We have to see some concrete policies that will help grow business because everyone’s goal is to grow jobs. This isn’t hocus-pocus. There are concrete steps to take for job growth.”
The administration is considering an appearance by Obama at the U.S. Chamber of Commerce, which spent about $75 million to help Republicans in the November election. Many from business and industry believe that Obama just doesn’t get them. No one in the White House has had corporate experience or been “steeped in the daily challenges of operating in a global economy,” as Politico put it.
Cooperation with the business community is essential for expanding the economy and providing jobs. That’s why finding a top economic adviser who understands this is so critical.
Pages: 1 2