Biden is winning over corporate America behind closed doors

President Joe Biden has had it out for corporate America for much of his
term.

Over the past three years, he has worked to dethrone the interests of big
businesses and billionaires, instead rooting his economic agenda in union
support, aggressive antitrust regulation, a crackdown on so-called �junk
fees,� promoting a tax on the wealthy, and blaming corporate greed for
consumers� inflation-squeezed wallets.

�As major corporations, many seeing record profits, overcharge the American
people � in some cases keeping prices elevated despite inflation falling �
President Biden is taking unprecedented action to deliver relief for middle
class families,� White House spokesperson Andrew Bates wrote in a memo on
Monday.

The letter called out Big Pharma, grocery chains, credit card companies,
airlines and student debt creditors for �price gouging,� one of the
administration�s go-to lines of attack.

This kind of rhetoric has left some in the corporate community with a sour
taste.

�I think there are instances now where the rhetoric against industries and
companies is going too far,� Neil Bradley, the chief policy officer at the
U.S. Chamber of Commerce, told CNBC in an interview earlier in May. �It�s
not a good look.�

In response, the business community has repeatedly sued the Biden
administration for its regulatory action.

The Chamber of Commerce filed a lawsuit in April against the Federal Trade
Commission for its ban on workplace noncompete agreements. In a separate
legal challenge, the banking industry won a victory after a judge ruled to
pause the implementation of the White House�s new limits on credit card
late fees.

�Rich special interests are pushing back to protect their abuses and junk
fees,� Bates added in the Monday memo, nodding to those lawsuits.
Behind closed doors

Despite the public-facing hostility, relations between the White House and
the business community are cozier behind closed doors.

�The people in the Biden administration overwhelmingly are incredibly
professional,� Bradley said. �They take meetings, return calls, they engage
with stakeholders across the spectrum with a wide variety of views.�

Earlier this month, Biden and his cabinet members hosted eight executives
at the White House for a private roundtable where they talked about
infrastructure investment, geopolitical issues and the U.S. economy�s
performance relative to the rest of the world, according to people who
attended the meeting.

Among the attendees were United Airlines
CEO Scott Kirby, Citigroup CEO Jane Fraser and Marriott International

CEO Anthony Capuano � leaders in industries that have been targets of the
White House�s regulatory crackdown over the past several years.

The following day, Biden visited the battleground state of Wisconsin to
tout a $3.3 billion investment to build an artificial intelligence data
center from Microsoft, a company that the FTC has sued to block its closed
acquisition of video game maker Activision.

�Brad Smith, president of Microsoft, thank you for your partnership and for
showing how we get things done � and big things done � in America,� Biden
said in a speech during the Wisconsin visit. �And thank you for your
friendship. I really mean it.�

Those warm words don�t quite fit with Biden�s regular corporate antagonism
and are examples of the current balancing act between the president and
corporate America.

Biden, who has built a pro-labor, pro-consumer economic brand, needs the
help of industry leaders to make private infrastructure investments and
could use their support to pitch the effectiveness of his approach as the
November election nears.

The White House has a broader plan to stoke collaboration with the business
community, even while maintaining its hawkish regulatory approach.
A dinnertime deal

Top White House officials devised that plan at a dinner in early February,
according to a senior administration official.

Cabinet members like Treasury Secretary Janet Yellen, Commerce Secretary
Gina Raimondo, National Economic Council Director Lael Brainard decided
that each would set up a call or meeting with 10 CEOs to talk about how the
private sector can help implement Biden�s key infrastructure investments
from policies like the Inflation Reduction Act and the CHIPS Act, the
official said.

Since that February dinner, the team has had meetings with over 100 CEOs,
according to the official, on topics like artificial intelligence,
workforce training and pricing practices.

In March, Mark Cuban and other business leaders attended a White House
roundtable about lowering drug and healt-care costs.

Those issues are among the many economic concerns that are top of mind for
voters as the November rematch between Biden and former President Donald
Trump approaches.

In the months ahead, Biden will continue to hammer his message that he has
delivered a healthy post-pandemic economic recovery.

To make that case, the president is planning to collaborate with
businesses, rather than simply attack them. According to the senior
administration official, Biden�s cooperation with the business community is
only going �to continue to ramp up in coming months,� especially on topics
like China trade and taxes.

Biden and the business community know they need each other to execute goals
like modernizing U.S. infrastructure and keeping pace with the global
economy.

�Two things can be true,� Bradley said. �They can both have policies in
which there�s big fundamental differences, and they can be open to
engagement in conversation and willingness to work together.�

On Tue, 21 May 2024 12:42:31 -0000 (UTC)
Paul Szypula <privatemail@protonmail.com> wrote:

> Biden is winning over corporate America behind closed doors
>

Why are you spamming lying US government press releases into
uk.politics.misc?

--
Joe

Joe wrote:
> On Tue, 21 May 2024 12:42:31 -0000 (UTC)
> Paul Szypula <privatemail@protonmail.com> wrote:
>
>> Biden is winning over corporate America behind closed doors
>>
>
> Why are you spamming lying US government press releases into
> uk.politics.misc?
>
>
why not

On Tue, 21 May 2024 12:42:31 -0000 (UTC)
Paul Szypula <privatemail@protonmail.com> wrote:

> Biden is winning over corporate America behind closed doors

Corporate oligarchy = Xiden's China model, yep.

On Tue, 21 May 2024 12:42:31 -0000 (UTC), Paul Szypula
<privatemail@protonmail.com> wrote:

>Biden is winning over corporate America behind closed doors
Thankfully, the people guarding the President aren't the praetorian guard
escorting Senators & CEO's.

--
As long as we have faith in each other,
and trust in God, then there is no goal,
at all, beyond our reach. There is no
dream too large, no task too great.

In article <v2i4rm$jgdl$2@dont-email.me>, privatemail@protonmail.com wrote:

>Biden is winning over corporate America behind closed doors

TROLL-O-METER
5* 6* *7
4* *8
3* *9
2* *10
1* | *stuporous
0* -*- *catatonic
* |\ *comatose
* \ *clinical death
* \ *biological death
* _\/ *demonic apparition
* * *damned for all eternity

On Tue, 21 May 2024 15:58:39 -0400
Ubiquitous <weberm@polaris.net> wrote:

> In article <v2i4rm$jgdl$2@dont-email.me>, privatemail@protonmail.com
> wrote:
>
> >Biden is winning over corporate America behind closed doors
>
>
>
> TROLL-O-METER
>
> 5* 6* *7
> 4* *8
> 3* *9
> 2* *10
> 1* | *stuporous
> 0* -*- *catatonic
> * |\ *comatose
> * \ *clinical death
> * \ *biological death
> * _\/ *demonic apparition
> * * *damned for all eternity
>
>

I do approve of your calibrating it to the Jamie Dimon scale of
bankster fuckery.

my view is she was promoted way beyond her ability

the only crime i see is the arrogance of taking a job
way beyond her competence

taking out vengeance on such a prune would not be useful

wikipedia:-
She read Russian, French and Economics at the University of Bradford,
graduating with a BA in 1981
She is also an Anglican priest.
https://en.wikipedia.org/wiki/Paula_Vennells

there would be more profit hunting down the idiots who appointed her

On Wed, 22 May 2024 16:59:30 +0200, abelard <abelard@abelard.org>
wrote:

after being accused of lying everytime his lips are moving,
cir kurr has decided he can speak without moving his lips

will this ploy fool the idiocracy?

On Fri, 24 May 2024 14:11:51 +0200
abelard <abelard@abelard.org> wrote:

> On Wed, 22 May 2024 16:59:30 +0200, abelard <abelard@abelard.org>
> wrote:
>
> after being accused of lying everytime his lips are moving,
> cir kurr has decided he can speak without moving his lips
>
> will this ploy fool the idiocracy?
>

None of it matters, he is just as much a puppet as Sunak. He'll be
allowed to do a bit of typical Labour tinkering, but nothing
fundamental. If they have enough of a hold on him, they'll drag him
and us back into the EUSSR.

Hardly any of the Honourable Members remember a time when Parliament
used to make UK law. Leaving the EU doesn't seem to have inspired in
them the desire to start doing it again.

--
Joe

On 24/05/2024 01:11 pm, abelard wrote:

> abelard <abelard@abelard.org> wrote:
>
> after being accused of lying everytime his lips are moving,
> cir kurr has decided he can speak without moving his lips
>
> will this ploy fool the idiocracy?

Save your breath.

At this stage, apart from the fact that Craig McKinlay is not going to
stand again for his Thanet seat, there is no news to deal with.

On Thu, 30 May 2024 13:40:56 +0200, abelard wrote:

> i have not made a decision about abbott
>
> i have no plans to raise vat tax ...except on the 7% paying
> twice for education
>
> in fact i have no plans at all

Bring back Jeremy.

it's storm in a teacup all over again

my soul mate and i are i'm getting fragile and dodgy on the pins

if i phone the local 'doctor' i get an appointment that day...
if i ask him, he even visits
if there is a scrip to fulfil, i can phone the local mayor and he
send a body who will collect it for me and deliver it...

such is the mode of solidarity and subsidiarity

On Mon, 10 Jun 2024 12:45:25 +0200, abe lard <abelard@abelard.org>
wrote:

>my soul mate and i are i'm getting fragile and dodgy on the pins
>
>if i phone the local 'doctor' i get an appointment that day...
> if i ask him, he even visits
>if there is a scrip to fulfil, i can phone the local mayor and he
> send a body who will collect it for me and deliver it...
>
>such is the mode of solidarity and subsidiarity

All hail the Oberstarmerbannführer!

- -

Wonderfully hungry? Check out this morbidly obese
Asiatic slug:
https://www.instagram.com/p/Cy3sTCuxtlf/?hl=en

Boedicea said about the gook: Actually, it is obvious
he's not all there. Most wannabes are short on IQ and
have severe mental problems. I have yet to see a post
from this cretin that makes sense. Usually, he just
does his "You are a Nazi........." and even *that* he
aped from some other imbecile. His other attempts at
posting in usenet usually consist of one line or even
one word drivel. IMO he's using the computer in the
therapy room of his local nutfarm.