Friday, October 29, 2010

Why Does Big Business Hate Obama?

Just to show how screwed up the leaders of the business sector and especially the Chamber of Commerce are, new data shows once again that Democratic administrations are much better for business profits than Republicans. I've never understood why business tends to vote Republican. It's as though there's a disconnect between what they think is good for their economic health and what is actually good for them. The recent data is not an anomaly. Democrats have almost always been better for the economy than Republicans. The main reason, I think, is because the Republican "me first" philosophy is not productive. Things work much better when the bulk of Americans are doing well. Our increasingly skewed income distribution and the emphasis on tax cuts for the wealthy is an environment that will lead to a less vibrant economy. We will all do less well if Republican policies prevail.

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