Dan Gross calls out America’s CEOs, noting “the government’s giving them everything they want, yet still they whine.”
“After an eight-year slumber, the Environmental Protection Agency is again issuing regulations. Two years after an appalling financial debacle, Congress has finally moved to regulate Wall Street. But to hear our nation’s corporate chieftains tell it, it’s enough to plunge us back into recession . . .
On July 12, the U.S. Chamber of Commerce, the Business Roundtable, and the National Federation of Independent Business held a “Jobs for America” summit. While President Obama met with CEOs at the White House, the summiteers called for—wait for it!—cutting taxes for companies, extending tax cuts for the wealthy, and opening up federal areas for resource exploration.
The notion of these guys holding a jobs summit is a little like BP holding a deepwater-drilling safety summit. Between 2001 and 2009, corporate America designed the playing field to its specifications—easy money from the Federal Reserve; lower taxes on capital gains, dividends, and income; an administration that let industry essentially write its own regulations. But the players proceeded to put up goose eggs. In January 2001, there were 111.6 million private-sector payroll jobs in the United States. In January 2009, when Bush left office, there were 110.9 million. The stock market is basically where it was a decade ago. The lost decade ended with the deepest recession since the Great Depression.”
Great stuff. . .
Poor Little CEOs
The government’s giving them everything they want, yet still they whine.
By Daniel Gross
Posted Saturday, July 17, 2010