By Tina Grazier
President Obama, wearing his best business friendly face, spoke to a meeting of the Chamber of Commerce on Monday. His speech included cheery words of encouragement for America’s businessmen and included a promise to “knock down barriers that make it harder for you to compete”. One suggestion was a reduction in corporate tax which would definitely be helpful. Although the idea is good Democrat support for it in Congress is questionable so this was a fairly risk free bone to throw the private sector. I hope the President wins that particular argument.
President Obama also urged businesses to stop “sitting on the sidelines” and spend some of that “nearly two trillion dollars on their balance sheets.” “Ask yourselves what you can do to hire more American workers,” he said. It’s unfortunate that he has no business experience. If he did he would know that companies can’t hire people when new orders are not coming in and when customers aren’t flocking through their doors. Private sector companies hire when they have more work than they can handle. Companies don’t need employees who do nothing more than drink coffee and shoot the breeze; that’s what customers do at places like Starbucks or Barnes and Noble. If you followed both links you discovered those companies and franchises aren’t doing well. The “coffee and chat” business hasn’t exactly been booming lately.
You know, it’s as if the president thinks that business owners are being deliberately stubborn. But this stagnation isn’t a matter of holding back or not wishing to participate so although the President means well, he still just doesn’t get what it takes to get people working once again. The president speech was meant to be positive and to give the impression that his position has shifted. Certainly his tone is more business friendly but the words offered little more than a promise to “work together to solve problems”. In reality the President continues to believe that central planning and government control works best:
“If we’re fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line,” President Obama told the Chamber of Commerce on Monday morning.
Mr. President please familiarize yourself with the word private. It carries a specific meaning in the business world. “We” can make suggestions but ultimately business decisions are made privately, are different for every business, and they are none of “our” business. Right now a heck of a lot of people would be happy just to have a job and the sense that they might have a chance to save and build for their own futures,
In the White House, it seems, the more things ‘change’ the more they stay the same.
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