Obamanomics: Protesting success?

With the economy showing signs of recovery, is a backlash against Obama's rescue invevitable?

Boy, talk about short memories, said E.J. Dionne in The Washington Post. The business community welcomed the Obama administration’s infusion of billions of dollars when the global economy was teetering on the edge. But now that Obama’s economic recovery efforts are showing some early signs of success, Big Business—led by the Chamber of Commerce—is once more preaching the “old-time religion of bashing government” and worship of unfettered markets.

The “business backlash” was inevitable, said Theo Francis in BusinessWeek, and in fact there are “real dangers” in the Obama team’s “activist investor” approach to fixing the economy: taxpayers hopelessly locked in “lost corporate causes,” pay caps prompting top talent to abandon a company. But business “grousing” about the government could also be seen as a positive sign that we’ve moved from crisis to “something approaching normalcy.”

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