Obama to CEOs: Stop Complaining and Start Helping
NBCNews.com-
President Barack Obama said corporate America has done well under his economic policies, telling The Economist magazine that chief ...
Obama to CEOs: Stop Complaining and Start Helping
President Barack Obama said corporate America has done well under his economic policies, telling The Economist magazine that
chief executive officers should stop complaining about regulations and
show greater social responsibility. "If you look at what's happened over
the last four or five years, the folks who don't have a right to
complain are the folks at the top," Obama said in an interview conducted
last week and posted on the magazine's website late on Saturday.
Republicans have sought
to portray Obama as anti-business, and businesses have complained that
Obama's signature healthcare law and the Dodd-Frank financial reforms
have raised costs. "I would take the complaints of the corporate
community with a grain of salt," Obama said, arguing that his policies
have been friendly to business. "They always complain about regulation.
That's their job." "Oftentimes, you'll hear some hedge-fund manager say,
'Oh, he's just trying to stir class resentment'. No. Feel free to keep
your house in the Hamptons and your corporate jet, etcetera. I'm not
concerned about how you're living," Obama said.
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