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
Businesses Give Obama High Marks
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)

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.” (More Barack Obama stories.)

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