Big Biz Takes Stock of Obama

Democrat's limited record friendlier than CEOs might think
By Jim O'Neill,  Newser User
Posted Feb 14, 2008 2:15 PM CST
Democratic presidential hopeful Sen. Barack Obama, D-Ill., makes remarks during a rally in Racine Town Hall Wednesday, Feb. 13, in Racine, Wis. (AP Photo/Rick Bowmer)   (Associated Press)
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(Newser) – Barack Obama’s Potomac victories put him into stronger position to claim the Democratic presidential nomination, something business leaders are just wrapping their heads around, Business Week reports. So far, they’re not sure what an Obama administration might mean, but he’s earned kudos from billionaire Warren Buffett, former Federal Reserve chairman Paul Volker, and UBS America CEO Robert Wolf.

Wolf called Obama “refreshing and smart and thoughtful"; Volker endorsed him last month; and Obama often cites Buffett on the stump. But his Senate record worries some in corporate America, and he’s no hit with the US Chamber of Commerce. Said one Democratic strategist, “Business would have a seat at the table, but business wouldn't be able to buy all the chairs."