So far, Trump has surrounded himself with business leaders such as Stephen Schwarzman, chairman and CEO of private-equity firm Blackstone Group or Gary Cohn and Steven Mnuchin, two former Goldman Sachs executives. In addition, Trump has regularly met with CEOs to help shape his view on economic policy during his first hundred days. Trump has especially focused on specific industries such as steel and aluminum while rethinking existing legislation such as Dodd-Frank. While some business leaders fell like they are getting heard by the new president, others do not. For example,Bill Brown, the president of the National Association of Realtors opposes President Trump's directive to reverse a cut on some mortgage premiums that would make it more expensive to buy a home. The American Petroleum Institute believe that the building of new pipeline will ultimately make gas and oil ultimately more expensive. Overall, business leaders are satisfied with Trump and his promises of deregulation, they believe it will just be a matter of time before his promises take effect.
Source: http://money.cnn.com/2017/04/29/news/economy/trump-100-days-chief-executives/index.html?iid=hp-toplead-dom
1 comment:
I would like to think that there will be positive effects that come from the plans Trump has promised. I hope that businesses do grow and stimulate our economy and that everyone is happy, that is a fantasy land though. I do however hope that the CEOs are not the only ones that Trump allows to have a say in his policy proposals as we have seen time and time again that they will benefit themselves and not the people. I guess we will have to see how his planning mechanisms play out over some time.
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