m$nbc ...'the icy climate between Obama and businesses'

[spanone]

what?

why would that be, he's done all he can to promote business

chris jansing talking about the meeting between the President and big business

[Enrique]

1. I heard that bullshit on NPR too

yeah, Obama's really anti-business. :eyes:

http://www.nytimes.com/2010/11/24/business/economy/24econ.html?partner=rss&emc=rss

The nation’s workers may be struggling, but American companies just had their best quarter ever.

American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or noninflation-adjusted terms.

(...)

[theaocp]

2. Quelque

Bizzzzzness knows they just have to get their media lapdogs to parrot the talking point that Obama is cold to business interests and he'll trip over himself to both apologize for his "insulting behavior" and give them more of what they want. It's fucking disgusting.

[mmonk]

3. It's called framing.

It's how the right always wins until we master it ourselves.

[tridim]

6. Yep, it's the replacement for "Tax and spend Liberals"

They just moved on to plan B.

[JoePhilly]

4. Which idiot MSNBC anchor said that ...

Joe Scab?
Andrea Mitchell?
Chris Jansing?

Those three alone parrot endless right wing talking points on a daily basis.

[Nite Owl]

5. Of course they know he's an easy

mark so they will keep up the pressure no matter what he does. Meanwhile where is the meeting with labor, with the unemployed?

[SOS]

7. The big banks paid record bonuses in '09

Capital gains stays at 15%.
Record breaking corporate profits in the third quarter
No tax increase on the rich.
Tax increase on all workers under $20K.
$1.93 trillion in outstanding bank welfare payments.

Still not enough?

Why not just have all Americans sign over their assets to Goldman Sachs and put an end to this bullsh*t?

[Selatius]

8. They're just framing it that way to force more concessions from team Obama. nt

[Johonny]

9. Not so much force as a want

I'm pretty sure he's doing all he can for them. The framing appears to be for the public as an excuse for him to do these things.

[stillrockin]

10. Um, it's spin.

We're supposed to think, "Oh, big business doesn't like him. He's our guy!"

[bushisanidiot]

15. Um.. He IS our guy!

and I fully support him!

everyone expected him to fix the economy in 6 months, with two wars and party NO fighting him every step of the way.

why the FUCK has the bar been set so high for him BY DEMOCRATS?? we are so quick to abandon him.. demanding that he not compromise on anything, yet we expect RESULTS using that strategy?

GIVE ME A BREAK!

[bushisanidiot]

11. Could be the raids that the feds are performing on Wall Street hedgefund SLIME?

And I'm cheering the President on with each raid!!

http://www.time.com/time/magazine/article/0,9171,963571,00.html

[bushisanidiot]

12. Could it be that the President named Elizabeth Warren to head the consumer protection agency?

http://www.reuters.com/article/idUSTRE68E4BZ20100918

[bushisanidiot]

13. Could it be that the President signed the Wall Street Finance Reform Bill into law this year?

http://articles.cnn.com/2010-07-21/politics/finance.reform_1_consumer-financial-protection-bureau-financial-crisis-financial-firms?_s=PM:POLITICS


"The legislation would establish a Consumer Financial Protection Bureau inside the Federal Reserve that could write new rules to protect consumers from unfair or abusive practices in mortgages and credit cards.

The bill creates a new council of regulators, lead by the Treasury Department, that would set new standards for how much cash banks must keep on hand to prevent them from triggering a financial crisis. It would also establish new procedures for shutting down giant financial firms that are collapsing.

The measure would put new limits on Wall Street banks' speculative bets for their own accounts and their ability to own hedge funds, while leaving the door open for some investment activities.

The bill aims to shine a brighter light on some complex financial products, called derivatives, that are blamed for exacerbating the collapse of financial companies such as American International Group and Lehman Brothers.

It would force most derivatives onto clearinghouses and exchanges, to better pinpoint the value of the trades. And it would insert a middleman between trades, so that financial firms are less interconnected, to prevent the domino effect of financial firm failures in 2008."

[bushisanidiot]

14. Could it be the credit card reform legislation that the President signed into law?

http://www.usatoday.com/money/perfi/credit/2009-05-21-obama-credit-card-reform-law_N.htm

"The new law — which includes restrictions on interest rate increases and credit offered to college students — deals a blow to the banking industry, which has lobbied aggressively against tighter regulation. At the same time, it provides less than a complete win for consumers because it doesn't cap interest rates or fees.

The legislation "is not going to be a hanging for banks, but I think Congress has collared them and are bringing them in," says Robert McKinley, founder of CardTrak.com, which consults with banks. "It's been the Wild West for the card industry for a long time."

Marcia Sullivan, director of government relations for Consumer Bankers Association, a trade group, says banks' biggest concern is that the new restrictions will affect the availability and price of credit.

"I think that every single company that offers a credit card is reassessing its cost," says Sullivan. Issuers will be "reassessing what they do and how they do it."

The law's impact will be felt by most households in America. About 90 million households carry credit cards, with an average debt load of more than $10,500, according to CardTrak.com. The curbs, which mostly take effect in nine months, deal with controversial practices including:

•Interest rate increases. Issuers can generally raise rates on existing credit card debt only if consumers have paid their bill more than 60 days late.

•Penalty fees. Issuers can't charge an over-limit fee unless consumers have asked for this additional credit. Banks also can't impose late fees if they delayed crediting a payment.

•Marketing to college students. Banks can't extend credit cards to people under 21 without verifying their ability to pay or getting their parents' permission.

The law comes on the heels of consumer outcry about increases in credit-card rates and fees during the downturn. Banks have said that higher funding costs, along with surging loan delinquencies and defaults, forced them to reassess card risk."