Wednesday, July 20, 2011

Disgruntled CEOs Abound

Steve Wynn ragged on Obama the other day. He was, however, not the only CEO who has called out the thug antics of Obama. Investor's Business Daily has a few more:
• 3M's George Buckley, who blasted Obama last February as anti-business. "We know what his instincts are," Buckley said. "We've got a real choice between manufacturing in Canada or Mexico — which tends to be more pro-business — and America," he told the Financial Times.
• Boeing's Jim McNerney, who in the Wall Street Journal last May called Obama's handpicked National Labor Relations Board's suit against his company a "fundamental assault on the capitalist principles that have sustained America's competitiveness since it became the world's largest economy nearly 140 years ago."
• Intel's Paul Otellini, who told CNET last August that the U.S. legal environment has become so hostile to business that there is likely to be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe — this is the bitter truth."
• Home Depot co-founder Bernie Marcus, who observed to radio host Hugh Hewitt last month that Obama "never had to make payroll," that "nobody has ever created a job in this administration" and that the president is "surrounded by college professors."
• GE's Jeffrey Immelt, one of Obama's biggest supporters, who hit out at the president last year. "Business did not like the U.S. president and the president did not like business," the FT reported him saying. "People are in a really bad mood. We have to become an industrial powerhouse again, but you don't do this when government and entrepreneurs are not in sync."
• Berkshire Hathaway CEO Warren Buffett, another Obama backer, who blasted Obama's bank tax in January 2010 as a "guilt tax," once called Obama's carbon tax idea "regressive" and this month denounced Obama's obsession with corporate jets.
These aren't the only ones. CEOs of battered oil companies like Chevron and Exxon Mobil, media companies like Fox News and Forbes, and business groups like the Chamber of Commerce have also spoken out. When the creators of jobs and wealth are saying the same thing, isn't it time for the White House to listen up?
I would prefer the White House to continue ignoring the CEO smart guys. It is time for Obama supporters to listen up and realize they've been conned.

The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.

1 comment:

Anonymous said...

If our northern cousins can do it,so can we. Don