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Businesses Give Obama High Marks

Reservations linger; cap-and-trade, labor, taxes cause concerns

By Kevin Spak,  Newser Staff

Posted Apr 29, 2009 12:53 PM CDT

(Newser) – Barack Obama’s seemingly tireless efforts to revive the economy have gone over well with business leaders, and the stimulus in particular has been a big hit, BusinessWeek reports. “We’re happy with the general outlines of what he’s done,” says John Castellani, president of the Business Roundtable, an association of CEOs. “They’re working very hard to get things moving forward.” But the business community hardly speaks as one.

Obama’s cap-and-trade scheme, for example, is a big hit with the alternative energy companies it would profit, and a big problem for coal companies. Others worry that Obama is too close with labor or is becoming too involved in corporate governance. “There are still some things that remain troubling,” says Castellani. The next 100 days will be “a lot more telling.”

President Barack Obama walks on stage to speak at the 19th Annual Legislative Conference of the United States Hispanic Chamber of Commerce, March 10, 2009.
President Barack Obama walks on stage to speak at the 19th Annual Legislative Conference of the United States Hispanic Chamber of Commerce, March 10, 2009.   (AP Photo/Charles Dharapak)
President Barack Obama speaks about education at the 19th Annual Legislative Conference of the United States Hispanic Chamber of Commerce in Washington, Tuesday, March 10, 2009.
President Barack Obama speaks about education at the 19th Annual Legislative Conference of the United States Hispanic Chamber of Commerce in Washington, Tuesday, March 10, 2009.   (AP Photo/Charles Dharapak)
President Barack Obama delivers remarks to small business owners, community lenders and members of Congress, March 16, 2009, in the East Room of the White House.
President Barack Obama delivers remarks to small business owners, community lenders and members of Congress, March 16, 2009, in the East Room of the White House.   (AP Photo/Ron Edmonds)
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In the finance community and the investment community, I sense there's a lot of buyers' remorse. - Anne Mathias, director of research at Concept Capital's Washington Research Group, on the administrations moves to limit executive pay

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COMMENTS
Showing 1 of 1 comment
Rob
Apr 30, 2009 11:28 AM CDT
Well of course they do. Such good boys.

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