CEOh! Ed Morrissey opines on awakening of private sector leaders on impact of Obama’s policies- Category:Christian_Conservative_News
CEOh! Ed Morrissey opines on awakening of private sector leaders on impact of Obama’s policies
CEO’ OH
Business Leaders who Ignored Warnings and Facts about Obama are Speaking Volumes with their Actions in Response to his Policies
If ever there was a CEO that seemed to fully endorse the economic policies of the Barack Obama administration, it was GE’s Jeffrey Immelt, who has enjoyed time on Obama’s Economic Advisory Board as well as a heightened profile as a result of his closeness to the president. That’s why it raised eyebrows when he was rather overtly, if mildly critical of Obama’s regulatory policies at a private dinner party for Italian businessmen.
The potential for that incident to have a significant ripple effect throughout the private sector likely contributed greatly to the White House reaching out to Immelt almost immediately in order to minimize the PR damage. The reality is that if Immelt holds those views, what about CEO’s with far less of a connection to the president?
As a lead writer for HotAir.com, Ed Morrissey is available for interviews to discuss what he sees as a potential awakening among private sector leaders as well as the impact Obama’s policies are having on their decision making. As Morrissey points out, the facts about Obama’s record and inexperience were always available to business leaders that voted for him. Perhaps it’s a testament to how far charm can take you.
Someone once famously said, “If you want to get to the bottom of something, follow the money.” The same holds true if you set out to determine why business owners are not investing in expansion or the hiring of new employees. What you’ll find is that instead of investing in such things, business owners are hoarding their cash. The reason? A perception that is gaining traction within the private sector: Obama is anti-business and the uncertainty that ensues from such a perception is causing business leaders to play it safe.
In a recent post, Morrissey takes issue with solutions to this problem posed by Washington Post writer Fareed Zakaria who amazingly prescribes another stimulus to solve the problem.
Says Morrissey: “Oddly, Zakaria offers a hair-of-the-dog solution in the short term, demanding another government stimulus package in the summer.” He then takes the alcoholic metaphor one step further, demonstrating the blatant illogic of such a position.
“Zakaria spends most of his column showing how destructive the government interventions have been, and then argues we can’t live without just one more round, like an alcoholic who promises to swear off the bottle tomorrow.”
In a way not too dissimilar from CEO’s who voted for Obama and are likely regretting it in large numbers, proponents of Keynsian style economics are being confronted with cold hard realities. The one difference is that the latter doesn’t seem prepared to change course and act according to those economic realities. Whether pride, ignorance, naiveté, or just good old fashioned stubbornness, there’s one thing these CEO’s seem to have that advocates of endless government spending don’t – an ability to make decisions rooted in laws of economic physics.
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