Hunkered & Exhausted
by Kiko Matsing
Corporate leaders are slamming the president over taxes and the uncertain effects of his policies, and the executives’ siege mentality is holding back the economy.
Intel CEO Paul Otellini, referring to Obama and the Democrats, said in an August speech to the Technology Policy Institute’s Aspen Forum, “I think this group does not understand what it takes to create jobs.”
Verizon CEO Ivan Seidenberg, in a June speech at the Economic Club of Washington, accused Obama of creating an “increasingly hostile environment for investment and job creation.”
Cypress Semiconductor’s Rodgers told me last week that he had “started out happy with Obama because we had broken through the white male barrier” and made “a step forward for equality.” But Rodgers added: “I have become deeply disappointed with him. It is amateur hour in Washington. The guy hasn’t got a clue about the economy, how jobs are created, how wealth is created. It reminds me of the Jimmy Carter years, only worse.”
Blackstone Group CEO Steven Schwarzman seemed to compare the Obama administration to Hitler by saying in a recent private meeting that Washington’s push to increase taxes on private-equity firms is war, “like when Hitler invaded Poland in 1939,” according to Newsweek.
Stop killing jobs!