Bloomberg: "Obama Meeting CEOs Today Shows Business President Who Delivers Their Gains"

[Better Believe It]

Obama Meeting CEOs Today Shows Business President Who Delivers Their Gains
By Mike Dorning and Mark Drajem
December 14, 2010

When President Barack Obama today holds his largest private meeting with chief executive officers since he entered the White House, he may find some of his corporate critics cheering.

Obama is generating more optimism among CEOs after a series of business-friendly decisions, such as extending Bush-era tax cuts and reaching a free-trade accord with South Korea, even as skepticism remains.

“It’s a great step he’s taking, meeting with CEOs,” General Electric Co. CEO Jeffrey Immelt, 54, who will attend the session, told reporters yesterday after an investor meeting in New York. The tax cuts and CEO gathering together “are real positives.”

Ivan Seidenberg, CEO of Verizon Communications Inc., praised Obama during a Dec. 8 news conference for “a willingness to learn” after the president agreed to keep the tax cuts for high-income families.

“The things that occurred in the past couple of days are extraordinary,” said Seidenberg, 64, who also heads the Business Roundtable, an association of 193 CEOS.

Read the full article at:

http://www.bloomberg.com/news/2010-12-15/obama-meeting-ceos-today-shows-business-president-who-delivers-their-gains.html

A President who makes makes promises and delivers for Wall Street and corporate America, the kind of change they can believe in!

According to the article we just had record corporate profit earnings, the Standard & Poors has gone up 46% since Obama took office and now big tax cuts for corporate and Wall Street CEO's!

What's not to like?

And what about us common folk? Stop whining! BBI


A List of Those Attending CEO Meeting with President Obama. Not anyone representing working people, consumer or organized labor.

Greg Brown, Co-CEO, Motorola, Inc.
John Chambers, Chairman & CEO, Cisco Systems Inc.
Kenneth Chenault, CEO, American Express
Dave Cote, Chairman, President & CEO, Honeywell International Inc �
Scott Davis, Chairman & CEO, UPS �
John Doerr, Partner, Kleiner Perkins Caufield & Byers
Mark Gallogly, Managing Partner & Co-Founder, Centerbridge Partners �
Lew Hay, Chairman & CEO, NextEra Energy �
Jeffrey Immelt, Chairman & CEO, General Electric �
Ellen Kullman, CEO, DuPont
John Lechleiter, President and CEO, Eli Lilly �
Andrew Liveris, President, CEO and Chairman, Dow Chemical �
James McNerney, Chairman, President & CEO, Boeing
Indra Nooyi, Chairman & CEO, PepsiCo �
Paul Otellini, CEO, Intel
Penny Pritzker, Chairman & CEO, Pritzker Realty Group �
Brian Roberts, Chairman & CEO, Comcast �
Jim Rogers, Chairman, President & CEO, Duke Energy �
Eric Schmidt, Chairman & CEO, Google
Robert Wolf, President & COO, UBS

[sasha031]

1. K&R

[Better Believe It]

2. EPA delays new rules that big business opposed.

Obama on Wednesday touted the South Korea agreement and the tax-cut deal as good for the economy and repeated his belief that government is not "the primary engine of America's economic success.... It's the ingenuity of America's entrepreneurs."

Obama continued:

This morning I hope to elicit ideas from these business leaders that will help us not only climb out of recession but seize the promise of this moment --ideas about tax reform, ideas about a balanced approach to regulation that will promote rather than undermine growth ....

/bhttp://latimesblogs.latimes.com/money_co/2010/12/obama-ceos-hiring-unemployment-economy-white-house-meeting.html

According to Bloomberg the Environmental Protection Agency has taken two actions to accomodate business opposition to environmental regulations.
The Obama administration announced delays in new rules that regulate industrial boilders and ozone. The National Association of Manufacturers welcomed the rulings because new environmental regulations would cost money to implement. BBI

[golddigger]

3. This is why I do not put my heart and soul

towards ANY politician. They're all bought and paid for.

[librechik]

4. really, this is all that is necessary for a Dem president to stay alive, I mean in office.

These folks count many many times more than the entire population of US voters.

[Better Believe It]

5. Valerie Jarrett: Meeting is part of a renewed effort to form "partnerships" with Corporate America.

President Barack Obama plans to sit down with 20 corporate chief executives Wednesday morning to discuss jobs and the economy. Presidential adviser Valerie Jarrett said the meeting is part of a renewed effort to form “partnerships” with Corporate America on issues from education to trade.

The meeting will be closed to the media, to encourage participants—who have been encouraged to bring substantive ideas–to be candid. In the past, some have complained that highly public gatherings discouraged frank talk.

http://blogs.wsj.com/washwire/2010/12/14/obama-to-discuss-jobs-economy-with-ceos/

[Bandit]

6. Everybody get ready...It's going to begin to trickle any day now..

:shrug:

[Better Believe It]

7. I really don't like being trickled on. It happened under Reagan and Bush.

[spanone]

8. these folks all gotta be juiced about the bu$h* tax extensions....they are the recipients

[hatrack]

9. Wait a minute! Where are the Koch brothers?!?!?!

:puke:

[somone]

10. Corporate CEOs meet their Employee of the Year

[Scurrilous]

11. K & R

:thumbsup: