The Rachel Maddow Show   |  December 04, 2012

Obama quick to bury hatchet with big business

Rachel Maddow reports on the remarkable number of big business leaders who have been invited to the White House since the election but also points out the appointment of Senator-elect Elizabeth Warren to the Senate Banking Committee, a sign that big business may not get all it wants.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> about a week after the election, president obama met with ceos from g.e., hi, former bosses, american express and he thinkna and xerox and dow chemical and ibm and she have ron and proctor and gamble . then home depot , goldman sachs , merck, coca-cola, macy's, yahoo, comcast, hi, current boss, marriott, at&t, it is not quite the entire fortune 500 but it's close. it is about to get closer. tomorrow there is a third meeting. the president speaking to another 100 or so ceos in washington. that makes three meetings with ceos in four weeks. this personal attention from the president has led to lots of positive statements from business leaders. for example, the head of marriott calling the president, quote, resoundingly reasonable. and yes, that is same marriott corporation that just put mitt romney back on the board of directors after his loss in the presidential election to that resoundingly reasonable president obama . mr. romney may have lost african-americans and latinos and women and young people and gay people and single people and independents and everybody in the country who makes $50,000 a year or less, but you know, mitt romney did do awesome with business guys. look back at 2008 and these were some of barack obama 's top contributors in 2008 . as you can see, lots of financial company and banks, wall street guys. when you look, fast forward to 2012 , they all fled to become mitt romney 's top contributors. and after those guys lost with mitt romney , since the election, the outreach from the president to the business world has frankly been a lot. it has been early, frequent, repeated, intense. from the friendly response from the business leaders after these meetings, even from the ones who supported mitt romney . it does not seem like the president is calling these business leaders to the white house to read them the riot act . it does not seem like he is trying to exact political revenge. it seal like he is trying to get them on board with his agenda, particularly for his side of the negotiations with congressional republicans over the bush tax cuts and the stimulus and the deficit. this president seems to have a thick skin if letting bygones be bygones does not come naturally to him as a man, he is doing a convincing job as a president. getting the business community to be message multipliers and supporters of his on basic economic issues. it makes sense. what about accountability? and here's what i mean. the big business guys who really, really really wanted president mitt romney . they spent through the roof to get president mitt romney and they lost. they did not get a president romney. they still have a president obama . but now they're at the president obama white house almost every week meeting with president obama . and i understand that he wants them to help him get his general accomplished. i understand that. what about the other direction? the fact that they're getting all this face time with the president. does that mean they're getting their agenda, too? well, you can judge for yourself in small ways. we're told that a senator elizabeth warren of massachusetts is about to get a seat on the senate banking committee . it's not official yet but one aide says it is, quote, likely. this of course has the banking world, the financial industry in a tissy. this is not what they wanted. they did not want a new sheriff on wall street . one democratic aide describing them as, quote, going nuts over this. but going nuts does not necessarily mean you get what you want. especially not when the horse you bet on so boldly lost so badly. it also means that working goat some things doesn't mean you have to work together on everything. and it also means that elections have consequences. now it's time for "the last word" with lawrence