Working to reaffirm his commitment to creating jobs and to reassure Americans that his administration is a friend of the private sector, President Barack Obama addressed the U.S. Chamber of Commerce Monday. But while taking time to address the group may seem like an olive branch offering from the Obama administration, the president’s remarks seemed to demonstrate a continuing divide between the president and the business community.
Throughout the course of his speech, the President stressed that businesses owe certain responsibilities to the nation. “I understand the challenges you face. I understand you are under incredible pressure to cut costs and keep your margins up. I understand the significance of your obligations to your shareholders and the pressures that are created by quarterly reports,” Obama said. “I get it.”
In return, Obama suggested the government’s responsibility is to “encourage American innovation.” The president also used his speech to garner support for his investment priorities, including infrastructure development and education reform.
At times, he was more direct in demanding businesses take on a more charitable role, suggesting that corporate profits “be shared by American workers”:
Of course, your responsibility goes beyond recognizing the need for certain standards and safeguards. If we’re fighting to reform the tax code and increase exports to help you compete, the benefits can’t just translate into greater profits and bonuses for those at the top. They should be shared by American workers, who need to know that expanding trade and opening markets will lift their standard of living as well as your bottom line.
We cannot go back to the kind of economy – and culture – we saw in the years leading up to the recession, where growth and gains in productivity just didn’t translate into rising incomes and opportunity for the middle class.
While he continues to try and move toward the ideological center in the run up to his 2012 reelection bid, his liberal base may not be as supportive as he hopes.
“Two weeks ago the President promised that he would work to rebuild people’s faith in government – meeting with the biggest lobbyists in the country is hardly a step in the right direction,” said Erica Payne, the founder The Agenda Project, a 501(c)4 that works with progressive organizations to coordinate messaging.
The group launched this online ad condemning Obama’s decision to even speak to the Chamber:
“Go talk to whoever you want to, but let’s not have a lot of illusions about who you’re going to talk to,” Payne added. “Obama went to meet with lobbyists for the biggest 45 corporations in the country, all of whom are opposed to very basic reforms, environmentalism, all of it.”
“Let’s just not lie about it,” she said.
In addition, several protesters gathered outside the Chamber building — joined by Ralph Nader — and accused Obama of turning his back on labor unions:
Will the president’s outreach to the business community win him favor with the American public? If the last two years are any indication, this meeting of the minds will likely be short-lived.




















































































































Comments (353)
Vanmin
Feb. 9, 2011 at 11:43pmTo deaf tone Beck sycophant:
- Private market caused the financial meltdown
- Government came to the rescue
- Result has been a year of none stop double digit profitability for every single quarter
- Now it’s time for the private sector to step up and pick up the rest
- But they won’t because why bother when you can exploit the workers for less
Teanuts understanding of whole situation? Private sector good, public sector bad. Inverted logic.
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unspuntruth
Feb. 9, 2011 at 12:01pmwill the workers share in the losses as well?
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Jezcruzen
Feb. 9, 2011 at 9:58amI would have enjoyed watching as just one person in that audience stand up and have interrupted Soetoro’s diatribe to ask, “Mr. Soetoro, could you take about ten seconds and give us an in-depth review of YOUR business experience?”
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AirtechJr
Feb. 9, 2011 at 9:26amKids Revolt! “It’s you money and you want it now!” Get you fair share of your parents paycheck. Don’t worry about saving for college. It will be planned for you. Days of investing in our future are over. No need, the great one will take care of us.
R & D is what made this country great. Look around, if it is a major life changing invention, Americans in American companies invented it.
If you don’t like what you get paid, quit. Open your own company, that will open your eyes.
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FANGS
Feb. 9, 2011 at 9:06amSure after you’ve been ******* in our face for two years. after you’ve made it impossible to get credit. After you’ve destroyed the housing market and millions of jobs. Your friends are my enemies. They will go down with you. Everytime you favoritize an industry it becomes the enemy of our Country.War is close, keep em loaded people.
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alrunner58
Feb. 9, 2011 at 8:16amObama is so unbelievably obvious. Keep showing the American people who you really are. We’re not as ignorant has you hoped.
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stepinwolf
Feb. 9, 2011 at 5:35amNo birth certificate ? ..Well maybe he is a product of INCEST ???..Kenyan style….ill bet some where in the obama care bill there is a law that makes INCEST legal….along with sex with Animals….That should make all the progressive liberal commies very happy….
Eyeball
Feb. 9, 2011 at 12:29amEverything that Obama said in his speech implied that he wants government to be involved in all aspects of private business. He wants to work with business for exports and tell them when to invest. That would be a disaster. We dont need government to setup export with other countries. You need CEOsrom both countries getting together and establishingsiness contacts. the government will only make a mess of things as usual.
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MrLuck
Feb. 8, 2011 at 11:32pmMr. Obama: Who needs whom?
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Salamander
Feb. 8, 2011 at 11:15pmQuick, SOMEBODY get him an ECONOMICS COMIC BOOK, so he can understand it!!! Isn’t there an “ECONOMICS FOR DUMMIES” or something a little easier ??? I’m beginning to think the longest three years in this guy’s life was — SECOND GRADE!!!
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Salamander
Feb. 8, 2011 at 11:10pmYou know, somebody ought to take this clown out and show him that the corporation is living up to its responsibility. If it doesn’t, it won’t survive the marketplace! The worker has a mutual responsibility, to be flexible, to adapt, to get the job, to perform as if the business were his own (actually, it really is), work hard, save, invest, and move up at every opportunity! Don’t expect a business to be a social disbursement agency! The football team doesn’t work to the level of its weakest player–why should business be any different? Rather than load down a business with ancillary responsibilities, why not help it to become the most successful in its industry! If your contribution isn’t recognized and rewarded, take what you have learned and leverage it by going somewhere else! If you cannot find a better opportunity, then maybe it is time to take a serious look at the real value of your contribution–maybe it isn’t as significant as you thought it was!!! For someone to take a great franchise (The United States of America) and run around apologizing for it–well, that’s NOT a success story! Can’t you just see Steve Jobs touring the U.S. and apologizing for Apple’s lag in the marketplace a few years back! No-o-o-o! Rather, he got busy motivating the troops with innovative new ideas, getting product to market and leading like a leader, not like an organizer. A visionary either has a clean desk BEACUSE he is organized or a messy desk BECAUSE he is full of innovative ideas and doesn’t have time to organize. An, organizer pushes the stuff around on his desk and looks busy, but without any meaningful contribution to moving the organization forward!!! Comments like ‘a person shouldn’t go broke because he gets sick’ is NOT a problem of health-care! It is a problem that the person that is THAT sick can no longer work and therefore HAS NO INCOME! The problem isn’t with the healthcare industry–it is with the employment practices, compensation plans and the individuals failure to plan for contingencies!!! A different solution is in order—–NOT OBAMACARE!!! NOT NANCYCARE!!! NOT HARRYCARE!!! Get it???
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GeoInSD
Feb. 8, 2011 at 9:34pmObama seems to think that all he has to do is just verbally encourage US companies to hire in the US and they will be able to. I really do think they would hire in the US if it made business sense. Doing business is very competitive and a company cannot be competitive by deliberately making an uncompetitive choice. Or maybe what Obama wants is to do away with capitalism and competition so that choice is no longer necessary.
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Lampster65
Feb. 8, 2011 at 9:08pmWhen Obama tells Business people, “I understand the challenges you face. I understand you are under incredible pressure to cut costs and keep your margins up. I understand the significance of your obligations to your shareholders and the pressures that are created by quarterly reports,” Obama said. “I get it.”, he obviously means he’s smart enough to understand the concept, but the rest of his comments means he still doesn’t “get it.”
I’ve worked for several large companies with some of the highest paid execs and all of them have a profit sharing plan, bonus structure. They also offered discounted stock, matching retirement programs. And yes, ALL of them had major, annual charity programs, United Way drives. I’m not quite sure what more they can be doing short of wholesale cash giveaways to homeless people that Obama would understand as his brand of corporate responsibility.
And his comments about “We cannot go back to the kind of economy – and culture – we saw in the years leading up to the recession, where growth and gains in productivity just didn’t translate into rising incomes and opportunity for the middle class” simply perpetuates the “corporate greed” myth that sounds good but has no basis on reality.
Can we talk about the real estate bubble being directly CAUSED by the same kind of corporate handouts — in terms of unqualified loans to home buyers who couldn’t afford them — that he’s advocating.
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Timely Renewed
Feb. 8, 2011 at 7:51pmIf the federal government really wants to help business, how about an across-the-board exemption from all federal regulations for the real innovators and job creators – small business? Because federal regulations are designed for (and all too often by) big companies, “one-size-fits-all” national regulations impose far higher compliance costs per employee on small businesses than on big business, which can afford to absorb the costs of large internal staffs and armies of lawyers to comply with massively complex federal regulations. Let the states regulate small businesses so the federal government can focus on the big corporate malefactors. Following the original meaning of the Constitution’s interstate commerce clause and freeing small business from federal regulation will do far, far more to unleash the job-generating power of small business than a dozen of Mr. Obama’s token regulatory reviews. See http://www.timelyrenewed.com
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Mack truck
Feb. 8, 2011 at 6:51pmHow can any one even take this man child seriously? What job has the man child had that makes everyone pause and stand in awe of the absolute brilliance this FOOL is spouting? Oh I forgot, “STREET AGITATOR”
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jackact
Feb. 8, 2011 at 6:06pmDoes this mean that the former CEO’s of Freddie Mack & Fannie May are going to give back their combined $160 million in bonuses? (Raines & Johnson)
$53 billion for high speed rail?
Amtrack (govt owned since the 1970′s) loses approx $9 – 12 billion every year.
US Post Office loses approx $8.5 billion every year.
US Dept of Education cannot produce even with a 200% increase, per student, over the past 20 years and we’re talking hundreds of billions of wasted taxpayer dollars to socially indoctrinate, not educate, our children.
Obama has failed. His ideology has failed. His party has failed.
And “We the People” cannot account for a single penny of the $4 trillion dollars in stimulus, bailouts and union paybacks spent since Jan. 2009.
Yet he’s pumping more of our money into the failed, incompetent and corrupt public sector?
Are we dumb-asses for voting for this dangerous marxis or not?
Elections matter America.
Welcome to the ‘new’ third world bought to you by Obama and company (DNC).
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OBAMA IS INELIGIBLE TO BE PRESIDENT
Feb. 8, 2011 at 5:38pmThis NEW WEB SITE is HILARIOUS!!!!
http://www.wix.com/demandthetruth2/obamajokescatalog
“The Official Obama & Washington, D.C. Political Parody Joke & Gift Catalog”
By Ima Leevin & Willy Depart
FUNNY!!!!
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Fina_Biscotti
Feb. 8, 2011 at 5:11pmLet’s face it………..Usurper Obama/soetoro is UNFIT for office……he is an ABOSLUTE DISGRACE ……and embarrassment to The United States of America.
He has taken control of the courts, the judges, law enforcement agencies……and is no different than…what is reported that Venezuela’s SOCIALIST DICTATOR hugo chavez…is doing.
The fact that we the people have an acornseiuvoterigged president as an ILLEGITIMATE GOVERNMENT…and he obstructs any investigation into VOTE RIGGING……makes our elections in the USA to be no different than the elections in IRAN.
His accusations that the US Chamber of Commerce was taking foreign money to manipulate our elections….was not only dishonest…….but criminal mindset – since he is talking about his own campaign = ILLEGAL Campaign contributions, Campaign Violations and ELECTION FRAUD.
The fact that he refuses to control, close and enforce our US borders….as a matter of NATIONAL SECURITY……indicates that he is intentionally affecting the sovereignty of the United States of America – as a TYRANNT.
Barack HUSSEIN Obama/Barry Soetoro, the first acornseiuvoterigged ARAB POTUS – as an ILLEGITIMIATE GOVERNMENT – is The Trojan Horse.
God Bless America.
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jackact
Feb. 8, 2011 at 6:09pmWell said!
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11:11
Feb. 8, 2011 at 4:38pmi watched the speech and the arrogance of this man is unrelenting! disassociating himself from the condition of this country due to his ideologies! he is so delusional!
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Seagal45
Feb. 8, 2011 at 4:25pmThis man has never run a business, is surrounded by people who have not run a business but he is going to tell them how to run theirs? What a joke, what an arrogant jackass this man is.
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Gypsy One
Feb. 8, 2011 at 4:22pmObozo is a destroyer. He has done absolutely nothing good for the USA except for …um….um I mean….oh, sorry….I do not own a teleprompter.
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Lgbpop
Feb. 8, 2011 at 4:08pmThank God we’re not getting all the government we are paying for!
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