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Ear to the Ground

Obama Makes Nice with Business Bigwigs

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Posted on Dec 16, 2010
White House / Pete Souza

President Obama makes a statement about his tax-cut plan as he readied to meet with executives from 20 companies Wednesday.

Bill Clinton and now big business—all in a week’s work for President Obama in his ambitious push to improve relations with parties with whom he’d at least appeared to be at odds since he took office.

On Wednesday, the president met for a lengthy huddle with a big group of executives from various market sectors to hold out a gilded olive branch and discuss the still-dismal state of the economy and how to improve the job market.  —KA

The Washington Post:

In a session with 20 chief executives, including the heads of Google, General Electric and American Express, Obama—whose sharp rhetoric about pay on Wall Street has annoyed some executives—declared, “I want to dispel any notion we want to inhibit your success,” according to a source in the room.

Obama’s tone in the closed-door session, which covered trade, jobs and education, was similar to that of a meeting two weeks ago with congressional Republicans, during which the president promised to work closely with his political adversaries after Democrats were badly defeated in the November elections. Like the GOP, much of corporate America strongly opposed the financial-regulatory and health-care bills that dominated Obama’s first two years, and businesses groups such as the U.S. Chamber of Commerce spent millions of dollars supporting Republican congressional candidates.

“I feel very confident we made some good progress,” Obama said in brief remarks after the meeting, which was held at Blair House, across the street from the White House.

Jim McNerney, president and chief executive of Boeing, said after the meeting, “We have a chance for a new beginning.”

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By Big B, December 16, 2010 at 4:27 pm Link to this comment

You could not have hit it any harder blueworld, Barry has surrounded himself with the same kind of corporate boot lickers that whispered in W’s ear for 8 years.

Don’t fret fellow liberals, for Barry is just working on a better deal with Big Business. This time, after they are done but slamming him, he thinks he can convince them to let him buy them dinner, give them a ride home, buy their kids something nice for christmas, and then go off into the corner and just die. All this, and no reach-around. What a deal.

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By blueworld, December 16, 2010 at 1:13 pm Link to this comment

Yes, Tiny Tim has a lot of nerve even pretending to criticize Scrooge.  He stuffs his staff with Wall St. sycophants & butt kissers.  He promotes legislation that enriches them further every week.  No prosecutions anywhere for any of the financial fraud that has driven this country to its knees.  And they’re affronted because he yaps about their pay?  He’s said a lot worse a lot more frequently about sanctimonious liberals & his base.  I can’t recall his meeting with any of them including the economists who have the nerve to criticize his so-called compromises.  Is it too late for us to mail industrial strength chapstick & knee pads to the WH for Xmas?  God bless us, everyone.

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By JJW, December 16, 2010 at 10:34 am Link to this comment
(Unregistered commenter)

The article doesn’t disclose the list of 20 to-do corporation that attended.  However we do know that GE paid no income tax in 2009 and Google only pays 2.6 percent rate as they use off shore tax haven. 

So it seems a large part of the problem is that these global corporations and their CEOs are parasites that contribute little to nothing.

Since the engine of employment are small businesses, Obama meeting with these arogant CEOs and banksters will do no good.

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By Michael, December 16, 2010 at 9:50 am Link to this comment
(Unregistered commenter)

How about a meeting with labor?

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By aacme88, December 16, 2010 at 7:38 am Link to this comment

Thare is one group with whom he needs to improve relations worse than any other, but it may be too late. The only thing that would win back the people who actually voted for him, and might be expected to again, would be a complete policy reversal, almost a total repudiation of his presidency thus far. It looks like that’s not going to happen, so he’s making friends where he can.

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