Boeing CEO whines about Too Much Regulation, says companies "guilty until proven innocent"

[marmar]

(MarketWatch) Boeing CEO Jim McNerney on Wednesday said U.S. companies face more regulatory barriers to growth than at any time in his long career as a businessman.

The 62-year-old McNerney, also chairman of the Business Roundtable, said regulatory agencies have crafted a host of new rules and enforced them more aggressively than prior administrations. He said regulators often take a hostile approach to business and that the prevailing attitude is companies “are guilty until proven innocent.”

McNerney made his remarks during the Business Roundtable’s presentation of its latest quarterly survey of top U.S. executives. CEOs say they plan to spend and hire less in the next six months than they previously expected.

Asked by a reporter if regulations are any worse now than in decades past, McNerney gave an emphatic yes. “It’s different today. The attitude is different,” he said. “Unless you live it it’s hard to see it.” ................(more)

The complete piece is at: http://blogs.marketwatch.com/election/2012/06/20/boeing-ceo-says-u-s-regulatory-climate-worse-than-ever/

[uponit7771]

1. This is more proof that these CEOs aren't really connected to their decisions and aren't being

...held responsible for much

[xchrom]

2. julie london has a message for mr. mcnerney

[hobbit709]

3. Why were these regulations passed in the first place?

maybe it had something to do with the fact that the corporations WERE guilty of doing what the regulations prevent.

[Tsiyu]

4. “Unless you live it it’s hard to see it.”

Isn't that special.

He should try being an employee of a corporation these days.

Talk about your "guilty until proven innocent."

Has he pissed in a cup lately, or had his belongings searched as he entered and left his workplace?

Whining assholes with more money than God do not need to threaten us with "no more jobs." We just don't give a shit anymore.

[panzerfaust]

5. Perhaps because, as Adam Smith noted in The Wealth of Nations:

" ... people of the same trade seldom meet together even for merriment and diversion, but the conversation ends in a conspiracy against the public ..." (as best I recall the quote)

If only those who espouse a belief in the wondrous Invisible Hand of the Free Market actually read the work in which the phrase occurs.

[Tsiyu]

6. Wa' bee a reeduhr?

Better to let Rush tell you, or Sean or Yer Preacher Man.

No intellectual bootstraps needed.

"Rugged Individualism" means never having to use a brain cell.

[nadinbrzezinski]

7. Yup

and that is in chapter four or five iirc.

The best part is when he makes an argument for a living wage in chapter 10... one that applies even today.

Glad to see somebody else who has read the damn thing...

[Zalatix]

9. Well I'll be darned. Adam Smith was the first tinfoil hatter!

Nevermind that he was right, of course.

[Odin2005]

11. Adam Smith was a Progressive.

He supported welfare, progressive taxation, and anti-monopoly legislation. The Wealth of Nations was actually one long criticism of the 18th Century form of Corporatism. The RWers misinterpret Smith because Corporatism involves government distorting the economy in favor of the economic elites (in his time, the East India Company).

[Zalatix]

8. This was posted on the DU a few days ago

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[Luminous Animal]

10. Let's get rid of the entire criminal & civil code. Obvioulsy laws an against jaywalking, speeding,

littering, theft, assault, murder, rape, etc., are just "guilty until proven innocent".

[Initech]

12. What an ass - unregulated capitalism is going to be the death of America.

[MrScorpio]

13. The US Govt. is one of his biggest customers

He obviously thinks that he's entitled to tell it what to do.