Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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?

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.