Tuesday, February 8, 2011

Obama curries were "capitalists invested hours"

NEW YORK - Barack Obama chose the lion's den, "the one thing left to say." In the summit with the big industrialists, who was surrounded by great expectations and described in advance as a kind of capitulation to the capitalist lobby, the president, "whip" the vices of the chief executive and attacks capitalism with no rules.

He accused the relocation of "breaking the social contract", condemning the middle class "in an inexorable decline." Complaint superbonus the return of the bankers. Take against the grain in a self-capitalism, reminding all of his rearguard battles. It is the most comprehensive exhibition dell'Obama-thinking in economics.

Iron fist in a velvet glove, because the purpose of the operation is still to sew with large corporations, the president calls "back into the game" by investing trillions of dollars parked in cash so far. "If there are reasons that prevent you from returning to assume I know, I want to address." But he warns: "Winning the future depends not only on what the government can do to help, but from what you can do to help America." The place of the speech is crucial: the headquarters of the U.S.

Chamber of Commerce, an organization similar to our Confindustria. But resolutely stand against Obama administration in its first two years. Memorable advertising campaigns of this lobby to paint Obama as a statist pledged to destroy free enterprise and incentives to invest. "Two million more unemployed" was the slogan with which the Chamber of Commerce attacked the plan to limit emissions of CO2, accusing him of raising costs for businesses.

Ditto for the new health and reform of the rules of finance. With 50 million dollars in campaign contributions paid in one way, that is, all the Republican candidates, the body Confindustria has given a boost to victory in the legislative right of the mid-term. And after the beating in November, Obama began the recovery operation.

A decisive step has been co-opted by Jeffrey Immelt, the chief executive of General Electric who had harshly criticized his economic policy, and found himself at the head of economic advisers outside the White House. The new chief of staff to Obama, Bill Daley, coming from a career as a banker is considered very pro-business.

Hence the great expectations for the visit to the headquarters of the "class enemy". The Democratic Left was convinced that the president would go to Canossa. Twist: along with the olive branch, Obama presents himself to a real industrial cahier des doléances, a list of their sins. "It's profitable to relocate in China, India and Brazil - said the president - but if these trends are combined with a relentless brutal and devastating recession, shaken the confidence of the American people.

The citizens see a widening gap of wealth and wider opportunities , question whether the American Dream is slipping away. " Obama considered inevitable, and in many ways positive, globalization. He himself contributes the recent free trade agreement, the last one with South Korea but will not accept a self-capitalism, which claims to be fixed only by the rules of the game, and erects its profits as an absolute value for the choices ago.

"Firms - scans the president - also have a responsibility to America." Lists the many occasions on which American capitalism has proven daunting myopia: "There were battles against child labor laws. Against the seat belts in cars. Drug companies, was created when the authority of the Food and Drug Administration , argued that he would kill the industry of medicine.

It is exactly what happened. The rules are good to you, as entrepreneurs and as citizens. " Denouncing the arrogance of the bankers to pay back superstipendi as before the crisis, Obama cites the metaphor used by John Kennedy on the 'high tide that lifts all boats ": a picture of economic growth that benefits can be distributed to every social class .

"Today - said the president - too many boats were left behind, mired in mud."

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