24 February 2010

White House - Big Business Meeting To Embiggen Egos

As if you needed further confirmation that the Obama Administration is all about big government, big finance, and big business, check this out.

WSJ: Obama To Host 6 CEOs At Tuesday White House Dinner

An administration official said late Monday that Verizon Communications (VZ) CEO Ivan Seidenberg, Honeywell International Inc. (HON) CEO Dave Cote, Eastman Kodak (EK) CEO Antonio Perez, Wal-Mart Stores (WMT) CEO Mike Duke, Xerox Corp. (XRX) CEO Ursula Burns and PepsiCo Inc. (PEP) CEO Indra Nooyi are on the guest list for Tuesday's meal.

The session comes a day before Obama addresses the Business Roundtable, an association of CEOs from some of the country's largest corporations. Seidenberg, Cote, Perez and Duke are on the group's executive committee.

Cote also is reportedly in the running for a spot on the deficit commission Obama created last week.

The emphasis on big-ness is disappointing.

Why not invite some small businesses to the White House instead? At a time in which our largest financial and industrial corporations are failing, shouldn't we be looking to the entrepreneur to create job growth? Wouldn't the small business owner provide better input on what may be needed politically to support job growth? Don't small business provide the most job growth?

But instead, the Obama Administration is more interested in bailing out large, flailing corporations. Eh, people actually running a business are probably to busy to chew the fat with Obama, anyway.

Instead of a small business owner willing to speak "truth to power", we'll get a bunch of CEOs kissing ass.

And who's picking up the check for this event? Why are our tax dollars feeding these CEOs? (or rather, why are we selling another bond to the Chinese to finance this dinner?)If they want to spend face time with the President, they should take him out and pick up the tab. Besides, I'm sure they all have private dining rooms, or a nice space at the club.

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