Thursday, November 11, 2010

Ordinary People Aren't the Only Ones Who Vote Against Their Own Interests

Despite the degree to which US businesses have profited from the first two years of Obama's presidency, their consensus view remains that he is bad for business. Too bad he didn't give them more stimulus--they would probably be rioting in the streets if their profits were even higher. This follows a perplexing historical trend. Democratic administrations have historically been better for business than Republicans, yet businesspeople continue to see them as the enemy. Apparently they didn't stay awake in either their history or economics classes. Bloomberg comments on the current crop of businesspeople with a gun aimed squarely at their feet.

No comments: