July 14th, 2010
01:17 PM ET
8 years ago

Business group attacks Obama on jobs

New York (CNNMoney.com) - The U.S. Chamber of Commerce slammed President Obama's economic policies Wednesday, saying administration officials "took their eyes off the ball" and "neglected" to focus on job creation.

A letter posted to the business group's site and a summit planned for later in the day were the latest moves in an ongoing battle between big business and the Obama administration.

The two are at odds over the best way to keep the recovery from slipping into a double-dip recession. The group believes tax cuts are key to job creation. The Obama administration, however, has focused on stimulus and spending to create jobs.

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Filed under: Chamber of Commerce • CNNMoney.com • Economy • President Obama
soundoff (65 Responses)
  1. Kitty

    Maybe they're just upset about the new bank bill?

    July 14, 2010 01:28 pm at 1:28 pm |
  2. heavyd23

    They're all pot-belly folks who still believe in the primitive way of thinking, however, the president should see through that all monies are well spent or directed to designated areas of job creation and not been pocketed by same financial criminals.

    July 14, 2010 01:28 pm at 1:28 pm |
  3. False conspiracy fears are Taliban tactics

    Tax cuts. . . . What a novel idea. Every dollar from tax cuts generates $1.02 to the economy, while every dollar spent on unemployment benefits spurs $1.65 in growth. Sounds to me like conservatives are not very bright.

    July 14, 2010 01:29 pm at 1:29 pm |
  4. Steph

    Cut taxes! Loosen regulations! Yeah, um, we tried that, and it didn't turn out so well. How 'bout you play by the rules, pay your fair share in taxes, run a respectable business, and become part of the solution instead of greedy, sneaky, ends over means, profit over everything else corrupt business men that you currently are.

    By the way....if you didn't outsource our jobs to cheaper markets, you would have jobs available to give us Americans. DUH!

    July 14, 2010 01:29 pm at 1:29 pm |
  5. Hammerer

    obama gives every indication that he does not want the economey to improve or the jobless to find jobs. With recovery the chance for one world government will slip and a crisis would be lost.

    July 14, 2010 01:30 pm at 1:30 pm |
  6. Dutch/Bad Newz, VA

    The Chamber of Commerce believes in trickle down economics. Tax breaks for the wealthy is not the answer. Haven't you idiots figured that out by now? 95% of middle class families got a tax break that was long overdue. The President has his eye on the ball and he's has the country heading in the right direction.

    July 14, 2010 01:30 pm at 1:30 pm |
  7. Tony 140

    BUSINESS..........Our Administration has no idea what that is. All professional politicians, government lackeys or career academics. Not a bit of REAL WORLD expertise in the bunch. Throw in the lack of any kind of leadership skills – what else should we expect. Go Harvard – keep producing these guys.

    July 14, 2010 01:33 pm at 1:33 pm |
  8. Hendrik

    This is the same Chamber of Commerce that fought tooth and nail to stop health care reform. I understand their position but let them do something that is constructive. Chamber of Commerce, you succ.

    July 14, 2010 01:33 pm at 1:33 pm |
  9. jim atmadison

    The Chamber used to be a nonpartisan organization that cared about Mom and Pop and their grocery store, but for at least ten years they have a GOP dominated organ solely looking out for Big Business.

    The notion that they're criticizing President Obama merits as much attention as any other Republican naysayer. None.

    July 14, 2010 01:34 pm at 1:34 pm |
  10. Jon

    It is long overdue. Obama has spent 3 trillions of taxpayers' money he doesn't have and created a big "0" job from the private sectors, who are the job creation engines in the country. The jobs he and the democRatic congress cliamed they have created are those in the government and public sectors. These jobs will go with Obama sooner or later because there will be nobody paying tax to keep these jobs.

    July 14, 2010 01:35 pm at 1:35 pm |
  11. TomInRochNY

    The key to job creation and retention is to stop outsourcing every job you possibly can to give executives bonuses they don't deserve for destroying our economy while not increasing the wages for the people who drive 2/3 of the economy.

    July 14, 2010 01:36 pm at 1:36 pm |
  12. Ted

    The US Chamber of Commerce is clearly a Republican organization. It criticizes but does not offer solutions, very similar to the Grand Obstructionist Party.

    Right now the GOP is holding up unemployment benefits for millions of Americans. Yeah, that is creating jobs. If they extended the benefits, the money would go into the economy. But this affectts little people and not the C of C members.

    How about some ideas from the GOP and the Chamber? Criticism is easy to give. Ideas and Solutions require brain power and it is in short supply with the GOP.

    July 14, 2010 01:37 pm at 1:37 pm |
  13. JES

    I just heard that Obama said he has created 3 million jobs this year with stimulus money. I say BS on that and where are they.

    Obama is so full of it I don't even know if he can tell the truth.

    July 14, 2010 01:38 pm at 1:38 pm |
  14. unshrub

    Wasn't it these people along with the republicans who caused this mess in the first place? Why are people so gullible to forget who got us in this mess.

    July 14, 2010 01:39 pm at 1:39 pm |
  15. Obama Sucks

    I pray for the day when Obama no longer walks the halls of the white house. He is a deceiver, a socialist, a liar. He has betrayed our country. Creating jobs for legal Americans should be a top priority, not defending and protecting the ILLEGAL persons within our borders. He gives money to mexico and gives the finger to hard working Americans struggling to support their families. We pay and pay, only to be lied to our faces and spit on when we're down.

    Obama is a negative entity that will tear our country from the hands that hold and protect it everyday.

    July 14, 2010 01:39 pm at 1:39 pm |
  16. Chuck Anaheim, Ca

    Who pays for the tax cuts? The middle class, what's left of us, that's who. Besides there were tax cuts given by the war criminal bush that have cost us how much in revenue and how many millions of lost jobs over the last 8 years? Old policies that dont work! Look, I am tired of "trickle down" economics espesialy when the people trickling down on us eat asparugus before they trickle on us.

    July 14, 2010 01:40 pm at 1:40 pm |
  17. GP

    Were are all those jobs NAFTA was suppose to create? Were are all those jobs the Bush tax cuts were suppose to create?

    And now they want more tax cuts? Really?

    July 14, 2010 01:40 pm at 1:40 pm |
  18. Pete in Guilford

    The only jobs Obama can create are government jobs and if he does, he's called a socialist (he's called that anyway, however untrue). It's up to BUSINESS to create jobs. I've heard reports that many businesses are sitting on piles of cash, waiting to see what's going to happen. The uncertainty that business leaders feel could be partially eliminated if they got off of their a$$es and started putting people to work. It's their responsibility to make things happen, as well as the government's to create conditions that are favorable. That's the only way this situation is going to turn around.

    July 14, 2010 01:44 pm at 1:44 pm |
  19. Susan L.

    The US Chamber of Commerce has decided to completely ally itself with the Tea Partiers and the Republican Party. They are not in any way, shape, or form a bipartisan or non-partisan organization. Anything and everything they say should be filtered as if it came directly from the headquarters of the Republican National Committee. No difference between them whatsoever.

    July 14, 2010 01:45 pm at 1:45 pm |
  20. Eric

    "The two are at odds over the best way to keep the recovery from slipping into a double-dip recession."

    Too late, we're already there.


    July 14, 2010 01:46 pm at 1:46 pm |
  21. WhatIsTheDifference

    If the federal government provides "stimulus" money to help the economy NOW or provides a tax cut to provide "stimulus" money to any business (those making a profit or not) FOREVER, what, pray tell, is the difference. In either case, there isn't a company in this great land of ours that is going to GUARANTEE that they are going to create jobs or fund investment in other small businesses (that is directed at the banks and other lending institutions) if they get a reduction in capital gains or other business related taxes. They want the American people to GUARANTEE them an increase in their profit (by taxing their earnings less they are making more profit) but will not guarantee a return on that investment. Providing funds in the form of a stimulus package can be ended a lot faster than trying to repeal a tax cut.

    July 14, 2010 01:48 pm at 1:48 pm |
  22. Charlie in Maine

    Here is what Obama is too much a gentllman to say:

    Well if you feel that way then it's the last time I'm going to save your sorry assets from a depression. Honestly these guys are ungrateful SOBs

    July 14, 2010 01:49 pm at 1:49 pm |
  23. T'SAH from Virginia

    EVERYONE wants to SLAM President Obama!!! To me, that means he's getting the JOB done and don't mind who he pisses off!!! In the end, it will iron out and EVERYONE will eat their words!!!

    1. create a growth and jobs tax policy; ...........HOW?
    2. restore fiscal health; .......... HOW?
    3. expand trade and export-driven jobs; ........... HOW?
    4. rebuild and expand infrastructure; ......... HOW?
    5. ease regulatory burdens; .......... HOW?
    6. eliminate uncertainty for business owners. ....... and HOW?

    July 14, 2010 01:49 pm at 1:49 pm |
  24. bobden

    Why is it OK for these creeps to call themselves the "U.S. Chamber of Commerce" when they aren't. They are a republican lobbying organization. They do not represent U.S. business.

    Tax cuts have been tried. No new jobs resulted. The tax cuts put more money into executives pockets.

    July 14, 2010 01:49 pm at 1:49 pm |
  25. Rick McDaniel

    Exactly! Show us the proof of the "jobs created". Yeah, the MONEY vanished......but the jobs DIDN'T materialize!

    July 14, 2010 01:51 pm at 1:51 pm |
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