Monday, December 10, 2012

"Obama's corporate charm offensive: wooing the Republicans' beloved base"

Barack Obama with Boeing CEO Jim McNerney. Photograph: Saul Loeb/AFP/Getty  

Heidi Moore (GuardianUK):
Two years ago, Bloomberg ran a survey of American investors. Three-quarters of them believed Obama was against business. Ivan Seidenberg, the CEO of Verizon, was moved to declare the president hostile to investment and job creation. Today, it's a different picture. The president, after blasting fat cats and the self-interest of Wall Street for years, has made a landmark move in his relationship with companies: he is taking corporate donations to fund the parade and parties of his second inauguration. Someone has to pay for the party, so you might as well invite the people with money. MORE...

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