President Barack Obama, seeking to embolden his weak record on American business, said that he would appoint a “secretary of Business” if he is elected to a second term in the White House.
The President said in a recent interview that he would consolidate a number of government business agencies to create a “one-stop shop” for business oversight.
“I’ve said that I want to consolidate a whole bunch of government agencies. We should have one secretary of Business, instead of nine different departments that are dealing with things like giving loans to SBA [the Small Business Administration] or helping companies with exports,” he said in an interview with MSNBC.
Under a proposal that Obama put forth in January, six government commerce and trade agencies — including the Office of the U.S. Trade Representative and the Export-Import Bank — would be combined under one Federal agency. He also suggested the SBA should have a seat in the Presidential cabinet.
Congress was not enthusiastic about the President’s proposal, and the initiative failed to gain the support needed to move forward.
Despite Obama’s attempts to appeal to America’s business community, Republican Presidential candidate Mitt Romney is continuing with a message that paints the President as a decidedly anti-business candidate.