Millions of Americans remain unable to find a job, business investment in new plant and equipment is scarce, credit remains hard to get for companies and consumers, and uncertainty about the future course of government regulation hangs over it all.
So is President Obama "anti-business," as many of his critics on the Right have been saying for lo these many months?
Or, as Mike Brownfield at Morning Bell puts it today, "the economy has lost 2.3 million jobs since President Obama signed his stimulus bill, leaving him 7.4 million jobs short of what he promised the American economy would support by 2010. Is it any wonder corporate America is shaking in its boots?"
Facts like those are what stand in the way of the latest White House PR push to portray the president as pro-business, exemplified, as Brownfield notes, by Treasury Secretary Tim Geithner's laughable assertion Thursday on The Kudlow Report:
“Now, this president understands deeply that governments don't create jobs, businesses create jobs. And our job as government is to try to make sure we're creating the conditions that allow businesses to prosper so they can hire people back, get this economy going again.”
You can read the rest of the Morning Bell post here.