Corporate America may be exhibiting a bit of pettiness when it comes to their concerns about President Biden’s policies. Despite doing well under his administration, business leaders are paranoid about potential future actions, such as taxing unrealized capital gains. Interestingly, they seem overly confident that Trump wouldn’t follow through on extreme promises.
It’s puzzling where this confidence in Trump comes from, especially considering his role in the insurrection. In contrast, Biden has maintained stability, despite lacking a business leader in his cabinet. Perhaps Biden should pivot towards a more business-friendly approach to ease corporate concerns.
Recruiting business leaders to validate recent economic growth and highlight the risks of a return to Trump could improve the overall sentiment. Biden’s focus on populist appeal may be hindering his ability to assure the business community of his commitment to their interests.
By showcasing a more business-friendly side, Biden could appeal to a broader base and dispel concerns about his stance on economic issues. It’s time for Biden to rethink his approach and foster stronger ties with the business world.
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