The very day after the S&P record close came yet another attack on Obama’s policies by the U.S. Chamber of Commerce — this one a largely evidence-free assertion that the Affordable Care Act “has incentivized employers to hire part-time workers over full-time ones.” Neither the Bureau of Labor Statistics nor the Congressional Budget Office has found signs of this effect, which is a favorite right-wing shibboleth. The hostility of business and industry to Obama has become a byword over the years, from plutocrats complaining about being disrespected to bankers complaining that they’re woefully misunderstood. Yet judging by the stock market’s performance, no president has been as good for the capital markets since Bill Clinton (who also was detested by the business community). By some measures Obama also handily outranks that beacon of Republican business-friendliness, Ronald Reagan.
Posted on: Sat, 13 Sep 2014 12:08:24 +0000
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