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Tuesday, October 12, 2010

Good relations, but with regulation, needed with business

It does seem reasonable to have a good mix of business and government experience in the administration’s cabinet members, as well as other levels. President Obama has the fewest of the other presidents and plans to do something about it. The idea is to shore up relations with the business community, changing the general sense that the President “…doesn’t consider business a noble profession.”

There are many consumer advocates out there who also hold this opinion. The financial companies and health insurers, to name only a couple of culprits. But there must be a balance somewhere, and it is up to Obama to find this without giving up the store. The “store” being consumer rights. There is a traditional belief that Democrats represent the little guy—it started with FDR and the New Deal—but that has changed, unfortunately.

It is also pathetic the current administration is waiting for the midterms to decide which direction to swing.

Read more here.

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