As I was constructing a list of business groups and associations for our research projects, I was looking at the US Chamber of Commerce’s website. The USCOC is almost always supportive of right-wing or Republican policies. I wanted to see what they had published or even researched about poverty for a student’s white paper argument draft.
Their search engine, ironically, asked me if I meant “property” instead of “poverty.”
I have made no mystery of my passion for politics on our blog thus far in the semester. After examining the blog prompt this week I thought it would be interesting to discuss the Obama administration and its fiscal policies to gain a better understanding of the relationship between business and government. I also hope to dispel any rumors or false claims surrounding President Obama’s policies.
Throughout the year of 2011 and the current Republican primaries there has been an incredible amount of focus placed on the growing national debt. The Republican candidates for President continue paint President Obama as unfriendly to business. In the President’s recent State of the Union he worked to challenge those accusations by focusing on the need for fairness, a message that resonates with many Americans. He seemed to portray himself as a pro-business populist which could be a very effective strategy for him during the general election.
The President seeks to prove that there is nothing anti-capitalist about providing benefits to businesses that support our country by bringing jobs back to the states. At the same time he can enforce additional taxes to those which ship jobs overseas. President Obama’s creative “Built to Last” theme in the State of the Union was used to reference the success of the auto industry bailouts, which have resulted in General Motors emerging again as the world’s leading car company. Furthermore, based on the speech, it appears that Obama’s will place significant focus on investing in education and other engines of middle-class growth.
President Obama emphatically addressed businesses saying: “Tonight, my message to business leaders is simple: Ask yourselves what you can do to bring jobs back to your country, and your country will do everything we can to help you succeed.” Many have responded to this by questioning whether it is the President’s authority to dictate how businesses operate. These criticisms are misguided and overblown; however, as the President is simply referring to tax incentives for those who actively work to bring jobs back to the states. In addition to a new proposal for “minimum taxes” addressing those who make $1 million a year and are leaving the U.S. to escape taxes, the President effectively explained the benefits of such regulations. These views stand in stark contrast to Republicans who claim that regulations are preventing a faster recovery.
Throughout the current campaign cycles Americans have heard a lot about Political Action Committees or “PACs.” They are the result of the Supreme Court Case, Citizens United, which advocates for the idea of “corporate personhood.” It gives individuals and corporations the right to form PACs which can endorse political candidates/ advocate for issues and receive donations unlimited in size and number. Continue reading