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  • Quality of Life Alliance

Obama Most Anti-Business President. Evah!

Posted by Chris Liebenthal on August 9, 2010

President Barack Obama is the most anti-business president ever, or so the right wing would have you to believe.

Truth be told:

This White House has “vilified industries,” complains the U.S. Chamber of Commerce. America is burdened with “an anti-business president,” moans the Weekly Standard.

Would that all presidents were this anti-business: According to the St. Louis Federal Reserve, corporate profits hit $1.37 trillion in the first quarter — an all-time high. Businesses are sitting on about $2 trillion in cash reserves. Business spending jumped 20 percent last quarter and is up by 13 percent against 2009. And the Obama administration has cut taxes for small businesses and big ones alike. Maybe the president could be anti-me for a while. I could use the money.

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