As the economic recovery stalls and the debt debate in Washington fuels market uncertainty, business leaders — many of whom were once close to the White House — are increasingly airing their fears that President Obama’s policies are stifling job creation.
Kimberly-Clark Corp. Chairman and CEO Thomas J. Falk told a Senate panel this week that the administration’s proposal to raise the tax on foreign earnings of American-based firms “would put U.S. companies at a significant disadvantage.”
The move “would slow economic growth in the U.S. and impede the creation of U.S.-based jobs,” Mr. Falk, whose global company makes Kleenex, Huggies and health care products, said Wednesday at a hearing of the Senate Finance Committee.
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So can you have sympathy for these business leaders when they continue to feed Obama and the Democrats money for their election campaigns? Dupes and fools – did they really think the rabid policies of ant-business/anti-capital would not eventually land at their company doorsteps?
Quote from the article: ” Corporate leaders are sitting on about $2 trillion in capital, and gaming magnate Steve Wynn, a self-described “Democratic businessman,” told investors two weeks ago that business leaders will be “sitting on their thumbs” until Mr. Obama leaves office. ”
Sort of says it all about the American economy and the Stock Market as long as Obama is still ” In charge “. ( The Stock Market isn’t only for rich folks because our pension plans and peoples’ RRSPs and other investments are also subject to Market fluctuations ).
The ” in charge part ” being mostly ironic or ” moronic ” ……
LOL.
Seems potus has been sending tweets etc and using his initials. He shouldn’t do that, those initials mean something else to a lot of people.