A Government Project to Attract Business? Obama's Just Not Getting It

Erika Johnsen
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Posted: Jun 15, 2011 11:20 AM

I can't help but feel as though he's missing the point...

President Barack Obama has issued an executive order setting up a government project to retain and attract business to the United States.

The program will be run out of the Commerce Department but will involve departments and agencies across the government to promote the United States as a hospitable place for investment.

The effort comes as Obama tries to emphasize job creation in the face of 9.1 percent unemployment and sluggish economic growth.

According to the order, the cost of the program will be paid out of the Commerce Department's existing budget. A working group made up of senior officials from throughout the executive branch will coordinate promotion activities and address business concerns.

Businesses are fleeing because of burdensome regulations, crushing tax rates, energy restrictions, and bureaucratic over-involvement... so the President is creating a government commission to bring businesses back? Counter-intuitive?