Obama The Socialist Strikes Again

July 16th, 2010at 11:27am Posted by Eli

Tell me again about what an overreaching, business-hating liberal Obama is:

A leading big-business group, responding to a request from top White House aides, last month submitted to President Obama’s Office of Management and Budget a 54-page hit list that takes aim at regulations protecting the environment, workers, consumers and investors.

Having asked the Business Roundtable for its advice, the White House was then faced with the question of what to do with it.

Discussions between the two parties are ongoing, the White House says. And their conclusion may depend on who wins the ongoing power struggle between the president’s top political gurus and his policy apparatus.

The push to placate business leaders is being led by Obama’s political team — in this case, senior adviser Valerie Jarrett and Chief of Staff Rahm Emanuel.

But just like the advice the White House politicos are giving Obama about pressing forward with deficit reduction in the midst of a jobs crisis, the idea of loosening the reins on big business — at a time when the cost of deregulation has been so viscerally on display in the Gulf of Mexico — strikes some observers as spectacularly tone-deaf. Not just bad policy, but bad politics.

“What we’re in the middle of is a string of regulatory failures that the Obama administration seems very insensitive to,” said Rena Steinzor, a law professor at the University of Maryland and president of the pro-regulation Center for Progressive Reform. She cited the financial crisis, the Massey Energy mine disaster, and of course the BP oil spill.

“Tone-deaf” is exactly right, especially if you read the whole depressing story.  The Obama administration is apparently seeking more corporate campaign contributions for Democratic candidates, but catering to big business is really the last thing they need to be doing to impress the voters.  As always, I assume the calculation is that with enough campaign cash they can convince the American people that Obama is a “fierce advocate” for Main Street over Wall Street.

Entry Filed under: Corruption/Cronyism,Economy,Obama,Politics,Wankers


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