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FBN’s Charlie Gasparino on business leaders’ concerns about a potential second term for the President.
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Well the economy still getting -- so this is no time for the White House into a victory lap so.
That is Starbucks CEO Howard Schultz and that's what he's selling our -- Clinton.
The government in the sense of the celebrating eight point 3% unemployment.
I don't -- that's a victory it's still -- major major crisis in the country I think on the margin consumer confidence might be slightly better.
I don't -- the economy is much better.
You know used to -- telegraphed all of this Charlie Gasparino says -- is not alone that the folks Charlie's talking to on Wall Street -- -- worrying about what would happen.
In -- second term to the president should that happen and they're worried right.
Very worried.
You know.
-- -- everybody will tell you you know -- the presidents are particularly these obviously a Smart guy you know with Harvard.
Our look at what worries people these people that have a -- I've known idiots and yet you're you're -- I shouldn't we shouldn't just presuppose just -- -- go to -- I think the president -- some of that ran a campaign.
They were in the last time absolutely on the accomplishments he's chosen he's.
By the way I don't hear you are when you get to be president that -- states is possibly get are not yet exactly you know it's it's a brutal.
Fight both intellectual and there is -- and end in any event what they're worried about is he's knowledge and and his beliefs in the in the in the markets what does he know about economics and it comes down to these people that have -- had some some interaction with him interaction with his closest aides.
Deal with the administration why did they do little business people on Wall Street and corporate America deal with these folks all the time.
Arm and what they do what they believe is that this is a president that either doesn't care that much but economics but doesn't know that much and then kind of leaves it up to people.
That -- you know very academic and don't have any business real world experience Valerie Jarrett a Chicago lawyer whose properties closest aides on everything you know trumped.
Bill -- who worked in banking arm trumped you know Larry Summers -- she's gonna pay for your next four years -- Brent because beyond shackled and do what every monitor that and that he.
He -- he's prescriptions to the ailing economy.
Will just being wrong -- I mean look at it this way deal.
He came out the other day Thursday when he was can you talk about the oil companies how we need to raise their taxes -- I think it's some incredibly.
Don't I mean I'm I think he's done he said something that stump.
He basically said that if you increase and I quote the exacting in my in my column today -- post.
And I mentioned this I believe very -- caught onto an images that are an -- thank you especially good and that is sad and scary wicked smile at but that doesn't just keep you know me and editor there regularly accolades throughout the yeah I mentioned is on your Saturday F -- C showed that.
You know he basically said that if we increase the supply of oil it we'll have no impact.
On price.
Because other people -- buying oil now.
If you only the -- economics and that's that's impossible.
I'm not saying that price is still won't go up and -- have an impact on -- the supply like.
Logically even ordered immediate than just knowing that that much more oil economist at about it -- it would be when he he's even given -- -- even if the demand is bigger on the other side demand is growing.
The price would be low or.
You know it -- think I heard that that was a very broad perceptive that you've picked up on that but.
Let's say the polls are right and he gets reelected -- What -- these guys here that are gonna stop earning money that they're gonna not do as well that because -- not a terribly.
We remember American businesses are very nimble and Smart what they do is.
They eat if course -- just whatever course of growing here have been overseas now as you know the president want to tax them from going overseas.
And so you know we're the only country that does.
-- -- it is scary I understand the in polls but you know it doesn't work you know this is a global economy.
I mean what he should be doing what the president should be doing with the white -- do an economic that would business feels.
With the business community tell you.
Is try to kill Creighton -- industries you know create an entrepreneurial class that feels that it could invest.
I -- Bernie Marcus always tell I could not start.
Home people today why.
The regulations so an entrepreneur war we need to unleash entrepreneur -- and you know if you have entrepreneur wasn't done the best -- they can do would now.
And that's a real problem and I think that's what the business community would want when it's the other way aren't so society around them man that's surprising -- the little guy he was a big supporter of the president absolutely and it shows you why this and I reported -- they can deny every day.
Jeff Immelt his opponent and outside chief economic advisor is critical of this president okay critical behind the scenes there is no doubt.
If he cannot tomorrow the knighted in op Ed I will tell you these line he'd -- saying this to many people -- reason this is not a president.
That believes in the markets in any anything you know any form or fashion okay thank you very very much -- yes.
