Wednesday, December 22, 2010

N.B. American Businesses: Obama Not Pausing, Just Reloading

The "Net Neutrality" ram-through and the renewed push by the EPA to regulate greenhouse gases are large pieces of the body of evidence that Dear Leader is going to pursue his agenda through regulatory fiat, bypassing Congress, the courts, and ultimately the voters. Thus the lie that Obama is this new, chastened, centrist pragmatist is exposed. People seeming to think that because he chose to compromise with the Republicans on taxes and then held a CEO Summit (which was pure theatrics), that he's some sort of pro-business, recovering Keynesian. Poppycock. He is who he is and opponents ought not to let down their guard - he's a statist and anti-business will be until the day he leaves office. From my perch, talking to business leaders, I don't think anybody believes that Obama's posture over the next two years will be any less counter-productive to business conditions than the first two. Some are optimistic that the new congressional makeup will thwart Obama, but nobody sees a change of tone or direction at the top. Remember what I said long ago, all large American businesses think in terms of perpetuity and Obama is, potentially, only a four year headache. They will hunker down and wait for better days rather than play along and be co-opted by any charm offensive. Don't expect the wheels of commerce to suddenly start turning in Obama's favor.

UPDATE: It appears that great minds think alike.

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