After four years of stimulus and bailouts advocated by the Bush and Obama administrations, and economy still in a shambles, Obama has given up and is asking business people for advice on how to sop up the unemployed and get him out of trouble.
The news is all over the business press, but we doubt you will see it anywhere else. This is a very targeted bit of outreach.
Think he’ll listen to what they say? Of course he will, as long as they advise starting, maintaining or increasing any or all of the hundreds of existing government programs, ostensibly aimed at just that goal. Otherwise, forget it.
The article says Obama told the North Carolina business group:
… Washington’s current preoccupation with the deficit and debt is really all about job creation, as he sought to assure the public that whatever abstract debate they’re hearing, he’s focused on their top economic concern heading into his re-election campaign. Meeting with a group of business leaders in politically important North Carolina on the day of the first major GOP presidential debate, Obama heard concerns about everything from difficulty getting small business loans to regulatory burdens on airlines.
Abstract debate? Excuse me? Abstract debate? No, cutting spending, eliminating whole federal departments, lowering personal and corporate income taxes, dropping the endless regulations… that’s as concrete as you can get.
But that is just our opinion. What steps do you think are necessary to lower unemployment and get our economy up off of the floor?