PJ Media

Will Obama donors, academics and Union leaders lead to job growth?

I somehow doubt it. I wonder how jobs will grow when many of the people going to Obama’s White House jobs summit today are a href=”http://www.foxnews.com/politics/2009/12/01/attendees-slated-white-house-job-summit-obama-campaign-donors/”either academics, Union executives or Obama donors or a combination? /a Few of these people know how to run a small business where jobs are created, or their politics are such that they may hinder growth by sucking up to bad policies to keep on Obama’s good side. The only CEO on the list thus far that looked promising to me was Fred Smith (though the list is not exhaustive and there may be more):br /br /blockquoteOf the several award-winning economists slated to attend, some are academics who donated hefty amounts to candidate Obama, like Joe Stiglitz of Columbia University, an early supporter who doled out more than $4,000 for his presidential run. br /br /Of the 29 known attendees, only one CEO — Eric Schmidt of Google — donated to Obama. Schmidt gave $25,000 in personal contributions to the president’s inaugural celebration last January. Employees from Google Inc. doled out a whopping $803,436 for Obama’s presidential campaign — the fifth highest of any organization to donate to his record-shattering campaign bounty.br /br /One other CEO slated to attend, Frederick Smith of Federal Express, gave money during the 2008 presidential campaign — but not to Obama. Smith contributed $2,300 to Republican presidential nominee John McCain and served on the Republican’s “kitchen cabinet” of campaign advisers. /blockquotebr /br /I am glad to see that only one CEO donated to Obama. But it seems to me if you want to promote job growth, it would help to have small business owners or those who represent them more fully present, and to take their ideas into consideration. The regime uncertainly of this administration is certainly stifling job growth. Businesses are scared to hire because they don’t know what to expect next. Maybe lessening the tax burden and regulations on small business would be a step in the right direction for job growth. I imagine this job summit is more for show, however, so I won’t hold my breath waiting for any sensible policies to emerge. I hope I am wrong…