Daily Archives: Dec. 1, 2012

Pro-con: Is President Obama too hard on business?

Most businesses’ main interaction with government is paying taxes. Government doesn’t help them succeed but rather only erects barriers to overcome. The cost of government taxes and regulations are part of the overhead of a business. The greater the cost of the government overhead, the fewer people a business can hire. The major challenge for President Obama is to realize there is little he can do to help the average business in our country. We want to make a profit so that we can invest to grow our businesses or reward our employees and ourselves for successfully taking on the challenges and uncertainty of business. We also would welcome a little respect for the long hours we put in without any guarantees of reward. We would appreciate some common sense on regulation where absolutes can’t apply but cost-benefit analysis makes sense. – Peter Rush

The canard that President Obama is anti-business is a propaganda remnant from Mitt Romney’s failed presidential campaign. Obama, after all, was the president who bailed out Wall Street with the Troubled Asset Relief Program. TARP and other Obama corporate rescue programs, after all, benefited such goliath corporations as Bank of America, Citigroup, AIG, General Motors and Chrysler – saving tens of thousands of jobs. Obama’s American Recovery and Reinvestment Act, the economic stimulus package of 2009, provided direct and indirect assistance to small and large businesses through the hiring of construction firms and related firms to rebuild roads, highways, rail lines, airports and telecommunications infrastructure. Obama actually is saving American capitalism by reining in its excesses and plowing under its inequities. – Wayne Madsen