Private Sector Speaks Out Against Obama Administration
July 27, 2011 by Special To Personal Liberty
President Barack Obama continues to receive backlash from the private sector, even after making a concerted effort to change the Administration‚Äôs anti-business image, according to The Hill. Administration officials have said they have worked to improve the economic environment for businesses through embracing pro-business policies and extending Bush-era tax rates, but these tactics have been met with little success, reports the news source.
Businesses have begun speaking out against Obama‚Äôs policies. Steve Wynn, CEO of Wynn Resorts, openly criticized the President during a company conference call, according to CNBC.com. Wynn blamed the government for businesses not investing, stating that he is ‚Äúafraid to do anything in the current political environment,‚ÄĚ reports the news source.
Wynn‚Äôs comments seem to be indicative of the opinions of much of the private sector. An Independent Community of Bankers of America economist, Paul Merski, told The Hill that he believes the Administration has been overregulating. Bernie Marcus, co-founder of Home Depot, also criticized the government for preventing job growth, according to the news source.
A recent report from the Heritage Foundation found that regulations that economically impacted business increased by more than 15 percent from spring 2010 to spring 2011, according to the media outlet.