Bloomberg: Obama ‘not particularly interested in business’

New York Mayor Michael Bloomberg on Thursday gave a mixed but decidedly negative review of President Obama’s economic policies, saying that the reason for joblessness is uncertainty in the private sector caused by government and that the president is uninterested in business.

Bloomberg, speaking at the Atlantic Washington Ideas Forum, also said he favored extending the Bush tax cuts for all brackets for at least two years, and implied that Obama’s desire to raise taxes on those making more than $250,000 a year is a step toward class warfare.

“What I don’t like about the tax cuts is creating a class society,” Bloomberg said of the president’s stated solution. “If you’re going to do something for somebody, you should do it for everybody.”

The mayor, one of the richest Americans who owns one of the world’s largest media companies, Bloomberg L.P., said he agreed with Obama’s former budget director, Peter Orszag, who wrote in the New York Times immediately upon leaving the White House that the tax cuts should be extended for two years for all brackets.

But it was within Bloomberg’s call to support Obama that his most barbed criticism of the president was veiled. Bloomberg said that it was unfair for critics to say Obama hid his true nature from voters during the 2008 campaign.

“Obama never said he would be anything other than what he is now. He is a liberal guy, very pro-union, not particularly interested in business. He said this,” Bloomberg said. “And everybody said, ‘Oh, he’ll change when he gets in there.’ I have more respect for him for not changing. This is what the public wanted and I think we should all pull behind the president and help him as much as we can.”

Bloomberg also blamed the nation’s unemployment rate and sustained joblessness on uncertainty in the private sector.

“The real problem here is a lack of confidence. There’s no question here there is plenty of money in the banks. Nobody’s making a loan, nobody’s willing to make an investment, nobody’s willing to hire people because they’re not sure of the future,” Bloomberg said.

This is the most prominent complaint from business leaders, many of whom blame it on Obama’s policies, particularly the massive but still unknown amount of regulation in the health law and the financial regulation legislation.

Bloomberg did not mention those things by name, saying only obliquely that the problem was “both sides of the aisle and it’s both ends of Pennsylvania Avenue.”

“Government,” he said.

Note: The article originally stated that Obama was described as being disinterested in business, and was changed with a nod to Gordon Wood.

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  • gibralto

    And Obama couldn’t care less what we, the American people think. As far as he’s concerned he has until 2012 to push his Marxist Agenda or as much of it as he can. Hopefully we can impeach this Tool before then, and he can take his Tom Turkey Thigh Imelda Marcos Michelle with him.

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  • http://www.facebook.com/people/Keren--Or-Shalom/100000819551729 Keren Or Shalom

    An Innovative Credit Free, Free Market Economic Ideology

    A Tract on Monetary Reform

    Our Economy is in Shamble

    The consequences, the Great Depression and history tells us, will necessarily be a Formidable Chaos:

    Social and political turmoil, and military adventures.

    Neither supranational bodies nor governments can propose a plausible solution;

    What is Politically Correct is Mathematically Wrong!


    – Do you feel that your ideology pushed you to make decisions that you wish you had not made?

    – Well, remember that what an ideology is, is a conceptual framework with the way people deal with reality. Everyone has one. You have to — to exist, you need an ideology. The question is whether it is accurate or not. And what I’m saying to you is, yes, I found a flaw. I don’t know how significant or permanent it is, but I’ve been very distressed by that fact.

    – You found a flaw in the reality…(!!!???)

    – Flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak.

    – In other words, you found that your view of the world, your ideology, was not right, it was not working?

    – That is — precisely. No, that’s precisely the reason I was shocked, because I had been going for 40 years or more with very considerable evidence that it was working exceptionally well.


    It is our responsibility to create a meaningful increment of jobs, revenues and investments:

    We urgently need the only plausible solution that is offered to us:

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  • riseabove

    ‘In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else, for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American….There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag… We have room for but one language here, and that is the English language.. And we have room for but one sole loyalty and that is a loyalty to the American people.’ -Theodore Roosevelt 1907

    We get exactly what we deserve as a nation, as a culture, when we fail to adhere to the wisdom of the above words.

    • Mean Granny

      Amen! If a person is not planning on becoming an American citizen, why is he or she coming here?

      • jonavark

        as a parasite.

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  • rockhard

    Yet Bloomberg supported Obama for president, good going hypocrite..

    Now many are jumping off Obama’s ship as its sinking.. these were the same people two years ago cheering for him and telling us Obama will not only “save America but the world”, he was their false messiah.

  • ladylove

    he is not particularily interested in business, because he knows nothing about business.

    this is what happens when you put someone ina position of power, that requires a working knowledge of many things, and they have none, about anything.

  • sunnyr

    Of course this Marxist Moron is not interested in business. Unless it’s BIG BUSINESS with him having at least partial control. Anyone who thinks Obozo is NOT a Marxist/Socialist/Communist is dead from the neck up.

    • ladylove


    • barryaz

      double AMEN

  • RobR


  • PolyIndependent

    Huffington today came out slamming Obama because he’s not liberal enough. Anyone that keeps this “marxist/socialist” thing going is simply a moron. He’s neither. Obama is controlled by the same people that controlled Bush and every member of congress for decades. The socialist/marxist thing makes you look stupid so, please, stop. The socialists in this country are the ones bailing on Obama. You all are identifying a wrong enemy and making fools of yourselves.

    • doncicciofitipaldi

      Your post actually made me think for a minute. Is this The Daily Caller?

      • ojfl


        you do understand Poly is not exactly praising the president, do you not?

        • PolyIndependent

          I think he meant that I wasn’t rambling the same party line (or teaparty line as we’re seeing these days) BS. My name is poly – many, independent. I call every situation like I see them. I have zero affiliation with any political party or religion. I find them both to be equally idiotic.

          • ojfl

            I understood your position poly. But usually donciccio comes here to defend the president. I just wanted to point out to him you were not.

    • Major_Skidmark

      I agree. Obama is a front man just like Bush2 was.

    • RHO1953

      Oh, please. He is obviously Marxist. He isn’t anywhere near Bush except for his prosecution of the war in Afghanistan. He has went farther left than any American president. The reason the left is mad is because of Afghanistan and the fact they want to nationalize literally all the industries. You are the one making yourself look stupid.

      • windycityrktek

        Please explain how he is a Marxist with some actual data. I don’t see it. It is such an easy word to fling at a liberal.

        • grayzel

          Windy it is not that hard to understand, I will help you down that path. Does the government now own the majority part of a auto company? Doe the government own parts of several banking institutions? Has Obama said he believes redistributing the wealth is good for the country and wants to use government to do that? Has Obama used regulations to control profit of corporations? Has Obama signed a health care bill that is costing individuals more to insure those that do not have insurance? Is his so called “christianity” based on “Christ’s” teaching to be your brothers keeper? Oh by the way, it was Cain that asked after he murdered his brother, “I am I my brothers keeper?” Need I go on or do you get the drift?