Visit our new site at BusinessJournalism.org
Reynolds Center Programs
Daylong Workshops
Online Seminars
One-hour Tutorials
Barlett & Steele Awards
Professors Seminar
Strictly Financials Seminar
Research
Covering Business
Starting Out
Business Writing
Business Design
Business Glossary
Ethics
Five Questions with...
Immigration Series
Business Journalism Resources
Job Listings
Academic Programs
Book Listings and Reviews
Scholarships
Calculators
Web Resources
Tutorials
Article Index
Workshop Registration
The Reynolds Center has announced its 2009-10 free workshop schedule.
Select a workshop and register from the drop-down menu below.
Online Seminars
The Reynolds Center registration for Fall 2009 free online seminars.
Getting Settled
By Kelly Carr
Obama and the Economy
By Jennifer Hopfinger
Struggles and Solutions
By Dick Weiss
Where the Weekly Began
By Henry Dubroff
Smart Sourcing
By John Emshwiller
Obama and the Economy
By Jennifer Hopfinger
November 12, 2008 04:26 PM
The enormous victory won by Senator Barack Obama in the Presidential race came from the backing of voters desperately unhappy with the state of the economy and eager for new direction from the top. Many in business, though, still view the President-elect with a wary eye,” writes Jane Sasseen in BusinessWeek’s November 17th cover story, “The Changes Business Wants.” It’s hardly shocking that business leaders aren’t all that jazzed about a liberal-leaning president, but the article lays out what the country’s top executives hope to see from the Chief Executive.
The Dow dropped more than 400 points the day after the election, and according to the article, in a recent study of 750 CEOs, “74% feared the consequences of an Obama Presidency, vs. just 19% who worried about John McCain assuming the Oval Office.” And they gave all the usual reasons, things like fear of big government and tax increases.
However, Obama does have some notable corporate supporters, including Warren Buffett and Google CEO Eric Schmidt, and according to the article, business folks who didn’t support Obama are still eager to work with him to help solve America’s big economic problems. After all, many are saying this is the worst crisis since the Great Depression, and Obama - with his proposed middle-class tax cuts and call for public investment in infrastructure, energy, healthcare, and education - is already being likened to the next Franklin D. Roosevelt.
“In many ways, the longer-term agenda of business corresponds with what Obama has laid out,” Sasseen writes. “They would like him to focus on the things only government can do to improve competitiveness, train workers, and help U.S.-based companies survive in an increasingly global world—and then get out of the way so that companies can create jobs and flourish.” Still, the article says, many worry reform and regulation could go too far.
Email this article
Copyright © 2008 Donald W. Reynolds National Center for Business Journalism
The Reynolds Center has announced its 2009-10 free workshop schedule.
Select a workshop and register from the drop-down menu below.
The Reynolds Center registration for Fall 2009 free online seminars.
By Kelly Carr
Obama and the Economy
By Jennifer Hopfinger
Struggles and Solutions
By Dick Weiss
Where the Weekly Began
By Henry Dubroff
Smart Sourcing
By John Emshwiller
Obama and the Economy
By Jennifer HopfingerNovember 12, 2008 04:26 PM
The enormous victory won by Senator Barack Obama in the Presidential race came from the backing of voters desperately unhappy with the state of the economy and eager for new direction from the top. Many in business, though, still view the President-elect with a wary eye,” writes Jane Sasseen in BusinessWeek’s November 17th cover story, “The Changes Business Wants.” It’s hardly shocking that business leaders aren’t all that jazzed about a liberal-leaning president, but the article lays out what the country’s top executives hope to see from the Chief Executive.
The Dow dropped more than 400 points the day after the election, and according to the article, in a recent study of 750 CEOs, “74% feared the consequences of an Obama Presidency, vs. just 19% who worried about John McCain assuming the Oval Office.” And they gave all the usual reasons, things like fear of big government and tax increases.
However, Obama does have some notable corporate supporters, including Warren Buffett and Google CEO Eric Schmidt, and according to the article, business folks who didn’t support Obama are still eager to work with him to help solve America’s big economic problems. After all, many are saying this is the worst crisis since the Great Depression, and Obama - with his proposed middle-class tax cuts and call for public investment in infrastructure, energy, healthcare, and education - is already being likened to the next Franklin D. Roosevelt.
“In many ways, the longer-term agenda of business corresponds with what Obama has laid out,” Sasseen writes. “They would like him to focus on the things only government can do to improve competitiveness, train workers, and help U.S.-based companies survive in an increasingly global world—and then get out of the way so that companies can create jobs and flourish.” Still, the article says, many worry reform and regulation could go too far.
Copyright © 2008 Donald W. Reynolds National Center for Business Journalism