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Forbes opinion editor John Tamny argues President Obama does not like business owners.
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0% from those numbers sets -- some not very encouraging numbers for President Obama out today in the latest Gallup poll.
Nearly 60%.
Of business owners disapprove of the president's job performance.
Joining us now John -- forms -- opinion -- he's in IDC what I -- behind this in your opinion John.
Well mean Obama's pretty basic he does not like business owners he said it -- speaks with a forked tongue he said you build your business but you -- he really didn't do that.
You know the same time he says these business owners I expect you to pay enormous were rates of taxation.
To support the rest of the government despite the fact that you didn't build the business is it any wonder if they don't they they dislike him.
We've got into this a little bit as you look at the tax plan the president of the vote yesterday and the in the senate which is basically just for show on the president's attacks finance they no -- -- -- In the house we talked about -- a little bit earlier in the in the show when when Dan -- it was on the political ramifications of this.
Or what do you think in other words how does Mitt Romney come and say see he's not doing a good job I would do XYZ that makes these business owners happier.
Well I hope it's pretty basic for Mitt Romney that -- becomes gotten in reminds -- voters that taxes are price they are priced placed on work and when when you raise that price she get less on the which means we get less in the way of products.
Less in the way of jobs a lower standard of living he should be clear about that.
He should remind voters that did in fact regulations don't make us safer.
They don't make us healthier but they do you inhibit the process whereby business owners.
-- seek profits and through profits they attract investment and grow their business and hire us.
Romney could make it very basic to talk about the four things that inhibit business growth taxation regulation.
A lack of free trade in a weak dollar and he can -- -- that the questions -- well.
I think there's a little bit of irony in this discussion here's the irony in our next guest just a few minutes ever gonna talk to -- -- -- His coming on -- brought the new book bailouts of the very interesting book and definitely worth.
Worth reading but the pull back the whole thesis of -- book is that the this administration the previous one of them as well but especially this administration.
Has been too cozy.
With business particularly Wall Street and that's what the the focus is based on the big banks and then we have this poll -- -- business leaders don't like the president and yet.
I guess my question is is it it does the president say one thing and not follow through with that in policy.
Or people just not getting it what do you think.
I think for -- he's got a point I am not against Wall Street but the problem with the bailouts is they basically meant that Wall Street is now working for the government basically -- the Fed prop up government securities.
Rather than serving its main purpose which is allocating capital a great business ideas.
So business owners wouldn't actually dislike the bailout culture of the prevailed on the Republicans and Democrats.
It's also the case that you can't get economic growth when your bailing out the failures in order to do that you must restrain success.
-- we Erica we are an economic nation built on failure time after time.
Which enables us to be the best of -- what what we do and when -- prop up the failures -- necessarily restrain the process whereby we grow.
Talked to -- -- in a few minutes but that's a good discussion right now John Tammy thanks as always for coming on.
Thanks for -- --
