Why are CEOs starting to grumble about Obama?

Intel CEO Paul Otellini, referring to Obama and the Democrats, said in an August speech to the Technology Policy Institute's Aspen Forum, "I think this group does not understand what it takes to create jobs." Verizon CEO Ivan Seidenberg, in a June speech at the Economic Club of Washington, accused Obama of creating an "increasingly hostile environment for investment and job creation." Cypress Semiconductor's Rodgers told me last week that he had "started out happy with Obama because we had broken through the white male barrier" and made "a step forward for equality." But Rodgers added: "I have become deeply disappointed with him. It is amateur hour in Washington. The guy hasn't got a clue about the economy, how jobs are created, how wealth is created. It reminds me of the Jimmy Carter years, only worse." Blackstone Group CEO Steven Schwarzman seemed to compare the Obama administration to Hitler by saying in a recent private meeting that Washington's push to increase taxes on private-equity firms is war, "like when Hitler invaded Poland in 1939," according to Newsweek.

Asked By: Johnny on the Spot - 9/22/2010
Best Answer - Chosen by Asker
CEO's are bashing Obama and his "so called" job stimulus agendas while listening to Obama stand on the "I know all podium" telling the experts on how to create jobs... More
Answered By: Facts not spin - 9/22/2010
Additional Answers (15)
Because he is a clueless community organizer. It really is as simple as that.
Answered By: The Inconvenient Muslim - 9/22/2010
Starting? They've been grumbling for months.
Answered By: jaker - 9/22/2010
In over his head an it shows more every day.
Answered By: Jerry - 9/22/2010
You know, when they start giving themselves good, but reasonable salaries and bonuses, they may be legit sources. Every one of these people are protecting their fat pay days. Plus, some of these companies invest more in China than they do here.
Answered By: maxmom - 9/22/2010
They prefer to be bailout out and left alone to do what ever they want to do.
Answered By: Mr. Wolf © maybe I am a Muslim - 9/22/2010
Because CEOs want to be left alone to r**e our environment. rip off their employees, and give millions in bonuses to themselves, and Obama opposes that kind of corporate greed. Simple explanation.
Answered By: The One, the Only Malignant Narcissist - 9/22/2010
Because big company CEOs that weren't heavily invested in credit default swaps and subprime mortgages love a bad economy that allows them to snatch up everything at bargain prices while people are desperate... More
Answered By: Boss H - 9/22/2010
He isn't bending over backwards to screw the American people to provide them with welfare like Bush did.
Answered By: Proud Texan - 9/22/2010
The top 25 hedge fund managers made $1 billion EACH last year. Most of the CEOs mentioned make $10-$100 MILLION a year. They are using Obama as a scapegoat for a bad economy--ALL these companies have very healthy balance sheets. They are jumping on the right wing bandwagon for all the wrong reasons. Is this the new... More
Answered By: Anna P - 9/22/2010
They have been grumbling! He's making it next to impossible to provide jobs for the American people!
Answered By: Jade - 9/22/2010
"Blackstone Group CEO Steven Schwarzman seemed to compare the Obama administration to Hitler by saying in a recent private meeting that Washington's push to increase taxes on private-equity firms is war, "like when Hitler invaded Poland in 1939," according to Newsweek... More
Answered By: Will78 - 9/22/2010
Unlike Obama and his libs, they know what makes America great and keeps her Strong
Answered By: John 15:20 - 9/22/2010
Because 0-bama is anti free market.
Answered By: The Truth - 9/22/2010
They are referring to someone who has no private sector job experience, along with the majority of his economic staff. Fortunately, the staff is soon abandoning ship. We can only guess at what type of radicals the referred to will replace them with.
Answered By: kchess07 - 9/22/2010
AIG has an ownership interest in Blackstone and is an investor in several of Blackstone's private equity funds; wonder why he is whining maybe he didnt get enough on the bailout
Answered By: mike s - 9/22/2010
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