July 14th, 2010
03:09 PM ET
12 years ago

Business leaders: Obama policies 'job-destroying'

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 with 500 business leaders 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 Chamber believes tax cuts are key to job creation. The Obama administration, however, has focused on stimulus and spending to create jobs.

The Chamber said in its letter that the administration "vilified industries while embarking on an ill-advised course of government expansion, major tax increases, massive deficits and job-destroying regulations."

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soundoff (97 Responses)
  1. Henry Miller, Libertarian

    The only kind of "job creation" Obama &co is interested in is the creation of vast numbers of essentially parasitic government jobs–jobs to be filled, of course, by AFSCME and SEIU members.

    One of the objectives of Obama and the far left is to slither the tentacles of government in to every aspect of every business and into every facet of everyone's lives. This requires legions of petty, annoying, drivers-license-office-style, bureaucrats, and that's exactly what Obama is trying to achieve.

    July 14, 2010 03:34 pm at 3:34 pm |
  2. Lori in St Pete

    The chamber of commerce is nothing more than a bunch of fascists who DEMAND local governments pour money into making their businesses successful for them.

    Their comments might actually mean something if their members hadn't been sending jobs overseas for the last 30 years and importing slave labor to fill the jobs they couldn't outsource. Most damning though was the acceleration of offshoring/inshoring – just like they said they would – when their bought and paid for whores were voted out of the majority in 2006. However, that doesn't begin to touch on the crassness of business owners who left empty boxes on their employees' desks on innaguration day.

    If the chamber and their fascist members had their way, we'd all be working 16 hour days for 25 cents an hour, and they'd still be whining and crying that the government is being unfair to them.

    July 14, 2010 03:36 pm at 3:36 pm |
  3. Bing

    The Obama administration is anti-business and most everyone that has a business will agree. I never thought we would have a President that puts community organizing and activism over jobs and our economy. It has wounded our economy and shocked even those of us who thought Obama might do well as President.

    July 14, 2010 03:36 pm at 3:36 pm |
  4. Hugo

    What did you expect? Creation of commerce or expansion of bureaucracy, what to do, what to do? I think I'll play a round or two of golf while 6 million racists or more wonder where they will come up with next months mortgage payment and food.

    July 14, 2010 03:37 pm at 3:37 pm |
  5. Augsbee

    Hey, what do you expect when you hire a non-electrician to do electrical work around the house, sooner or later you're going to have serious problems or your house simply burns down due to bad wiring.

    July 14, 2010 03:37 pm at 3:37 pm |
  6. Georgia

    Apparently the Chamber of Commerce – as is the Republican Party – is just another PROPAGANDA communication arm of Fox News!

    Why is it that the Richest are looking for more tax cuts from their current 35% rate when they once paid their fair share at 73% or more in the late '50s and early '60s???

    Why is it that the richest are now looking for the poorest to pay taxes (lately Fox has been pushing this on us)???

    Why do the people that Fox is speaking against are the most avid targets of their PROPAGANDA???

    July 14, 2010 03:39 pm at 3:39 pm |
  7. Sara

    The Chamber of Commerce lies, lies, lies!

    President Obama cut taxes for small businesses
    President Obama has been providing loans to small businesses through the SBA
    President Obama has created 3 million jobs with the Stimulus

    And The Chamber of Commerce does not like regulations – really, so we should not have anyone testing to make sure the food we eat are safe. According to the Chmaber Of Commerce we shold not have anyone testing the prescription drusg to ake sure they are safe. And according to the Chamber Of Commerce – there should NOT be regulations in work places either – who cares if workers die, like they do in mining accidents, and like they did on the BP rig.
    And who care if the banks run wild, and take chances with our money, and almost bring down the entire economy – as far as The Chamber of Commerce beleives, no regulations is the right way to go, if the bnaks cause another great depression – oh well!
    The Chamber of Commerce is a joke!

    July 14, 2010 03:39 pm at 3:39 pm |
  8. Britney

    "vilified ... major tax increases," Pretty strong language. Better check out the facts first. There were tax decreases for most people.

    July 14, 2010 03:39 pm at 3:39 pm |
  9. X

    Too funny. Big Business gets hundreds of $billions in bailouts and say gee thanks for stopping the country from sliding into a depression and then when the gov tries to clean up the destructive business practices that caused the mess in the first place, big bidness breaks out the diapers and pacifer and whines about it.

    July 14, 2010 03:40 pm at 3:40 pm |
  10. gt

    obama doesnt get it.... unions and trial lawyers are not job creators... ht is clueless on the economy...

    July 14, 2010 03:41 pm at 3:41 pm |
  11. Eimerd

    The Chamber of Greed, with the help of the Republican obstructionists is unwilling to demand from there big business leaders that they start hiring again! The hope with this policy to defeat our government so they can, with the help of the Republicans, get rid of the new legislation and regulations and start ripping us off all over again.

    July 14, 2010 03:42 pm at 3:42 pm |
  12. levi

    Strange though how much lower taxes are now than they have ever been. at this point, I say let big business shrink a little. Wall Street has gotten a little too self important lately, and dont forget, Obama didn't create the housing bubble, or derivatives, or off shore tax shelters.

    July 14, 2010 03:42 pm at 3:42 pm |
  13. ART

    What else would they say, all they care about is the bottom line and their stock holders. All money hungry big business who are afraid to share the wealth, they are the ones who brought this country to its knees with the help of the Republicans and their tricle down economic policies.

    July 14, 2010 03:44 pm at 3:44 pm |
  14. johnnyhouse

    I can not understand why anyone is surprised by the way this government is acting.If you have lived off the public dole all your life and owe everything you have to the taxpayer in the past how else can you think.

    July 14, 2010 03:44 pm at 3:44 pm |
  15. b. o. stinks

    how does someone spend their way out of debt??? this admin is spending us into socialism further and deeper they claim the stimulus saved 2.5 million jobs all govt employees the spending has to stop sometime they ar3e spendaholics

    July 14, 2010 03:44 pm at 3:44 pm |
  16. CNN: Your Headline is Misleading. The Chamber of Horors, er Commerce is . . .

    An Arm of The G.O.BP.

    July 14, 2010 03:45 pm at 3:45 pm |

    Dear Big Business,

    1. Boo Hoo.

    2. Trickle down never trickles down.

    3. BP, GM, Lehman Bros, AIG, etc etc etc

    4. Made in China

    REAL Americans.

    July 14, 2010 03:46 pm at 3:46 pm |
  18. John from OH

    The US Chamber of Commerce is an anti-American organization made up of BP, Goldman Sachs, Exxon Mobil and the rest of the big corporations that caused this massive global recession in the first place.

    One thing that is for certain, if the US Chamber of Commerce tells you it is sunny out, you had better bring a really big umbrella, because everything out of their mouths over the past 10 years has been 100% wrong (remember: They said that Bush was a great president and that his policies were great for America...)

    July 14, 2010 03:46 pm at 3:46 pm |
  19. James

    What exactly do people like this think the "stimulus spending" actually entailed? The vast majority of that stimulus bill was tax cuts.

    July 14, 2010 03:47 pm at 3:47 pm |
  20. Marcus

    'The six suggestions – from the Chamber of Commerce – are: create a growth and jobs tax policy; restore fiscal health; expand trade and export-driven jobs; rebuild and expand infrastructure; ease regulatory burdens; and eliminate uncertainty for business owners.'
    Or in other words, save for the 'rebuild and expand infrastructure' bit that was clearly neglected by the previous two terms presidency, they want the trickle-down economics back!

    July 14, 2010 03:50 pm at 3:50 pm |
  21. PAPilot

    Whatever the answer to this economy is, it is most definitely NOT:

    – Giving Americans a huge pay cut come Jan 1
    – Running up debt and robbing Peter to pay Paul
    – Doing your best to scare businesses away from hiring and expansion

    July 14, 2010 03:50 pm at 3:50 pm |
  22. Grog in Ohio

    "The U.S. Chamber of Commerce..." Really??? Seriously??? Without even making a footnote about how the GOP has been servicing the Chamber for decades?? So much for journalism...

    July 14, 2010 03:51 pm at 3:51 pm |
  23. VAisGreen

    How many companies in the Chamber of Commerce send their jobs to Mexico, China, and India? How many of them pay CEOs 500 times what a line worker makes?

    July 14, 2010 03:51 pm at 3:51 pm |
  24. Sniffit

    Oh really? A republican shill organization is ramping up its rhetoric about tax cuts for the already-wealthy and corporate America just as the Bush are about to expire? I'm.......not suprised in the least.

    Why don't we take a look at CBO's opinions and reports regarding how those tax cuts contributed to the deficit AND make sure to note that the majority of GOPers have been quite willing to cite CBO all over the place whenever CBO says something they find convenient (so stfu, you crybabies...the Chamber and your GOPer fuhrers are wingnut ideologue radicals).

    July 14, 2010 03:53 pm at 3:53 pm |
  25. Nellie Bly, Minneapolis, MN

    The Chamber of Commerce is so right. How dare the President try to fix everything that was wrong when he came into office. It should have been jobs and jobs only. It doesn't matter that some of these jobs are just gone. Some companies that were solvent had to close because their vendors went under. The President should have ordered them to remain open for business.

    July 14, 2010 03:53 pm at 3:53 pm |
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