Same Old Story

Members of President Barack Obama’s team are reportedly extending an olive branch to the “fat cats” in banking and on Wall Street who nearly ran this economy into the ground. “I think [the Obama administration] is starting to realize that the way he talks about business isn’t inspiring confidence in the economy and is actually having a negative impact on the system,” according to one banking official quoted anonymously in the Sept. 17 New York Post.

I don’t normally swear by the Post‘s accuracy or objectivity, especially when it comes to stories about Democrats and President Obama. However, this wasn’t the only place I heard about reconciliation.

The business community–reportedly sitting on a ton of idle cash–is afraid to start hiring due to the lack of certainty on taxes, regulation, deficits, inflation and economic growth. Thus, it makes sense to reach out to reassure those who must create the tens of millions of jobs we’ll need to jump-start this moribund economy, right?