Friday, July 9, 2010

Once-supportive CEOs meet w/ Obama and marvel that he's economically a boob

Concerned CEOs who supported Obama and have started to worry about his policies, met with him recently. Not only were they not reassured on his anti-business policies but, during the Q&A session, they were struck by Obama"s total ignorance about economic matters. His answers were reported to be naive and, indeed, inane! Economics is not his strong suit.

( Actually, one wonders if he HAS a strong suit...besides politics! An admiring Prof Charles Ogletree at Harvard Law School marveled that, when Obama was running for President of the Harvard Law Review, after an Obama speech all sides would think Obama was in favor of their position! Obama actually won with the support of the conservatives among the editors of the Law Review.)

The CEOs even failed to appreciate the Chicago-style of bribery: pols like Obama have their hands out during campaigns but DON'T STAY BOUGHT! Wall Street CEOs, especially, gave much more money to Obama during the campaign than to McCain. Health insurance companies endorsed Obamacare as did drug companies, the AMA (admittedly, the AMA only represents a tiny fraction of MDs, and mostly newly-minted ones, at that) and AARP. All thought they had "appeased" the dangers to their interests. Appeasement never works.

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