We all know that Businesses in the US are sitting on trillions of dollars, that need to be spent to jump start the economy. We are in tough times, and the conflict between Obama's Socialist tendencies, and the free enterprise, low tax tendencies of American business, seem to be in a stalemate that is destroying out economy. maybe Obama will blink.
Last fall, JPMorgan Chase Chief Executive Officer Jamie Dimon showed White House staff a chart comparing the percentage of Cabinet Secretaries and top aides with business experience under Administrations going back to Teddy Roosevelt. President Barack Obama had the fewest by far. The President's sometime adversarial relationship with business wasn't helped by the departures of Chief of Staff Rahm Emanuel and National Economic Council Chairman Lawrence H. Summers. Exasperated executives often consulted the two aides, even if the lines of communication weren't always clear. "The fundamental problem," says Steve Reinemund, former PepsiCo CEO and now dean of the Wake Forest University School of Business, "is the sense the President doesn't consider business a noble profession."
Big Business takes on Obama
GOP balk at Obama tax breaks they've backed
Obama's corporate messaging
..Democrats close to the Administration say the White House wants to make amends and will make its relationship with business a priority after the midterm elections.
Obama wants a détente with business leaders - Business - Bloomberg Businessweek - msnbc.com