President Barack Obama runs an "anti-business" government, and the jobs plan he will announce next week will prove it, says publisher and real estate tycoon Mort Zuckerman.
Unemployment rates have remained stubbornly high — currently at 9.1 percent — and the president will unveil measures on Sept. 8 designed to bring down that figure.
The problem is the package will likely call for more public spending than the economy can afford to support, meaning it's "all going to come to an unsustainable fiscal cost and we're not going to address the real issues," Zuckerman tells CNBC.
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"There is a sense in the business community, not just for big business but for business all over, that this is an anti-business administration, and that's the way they started out with that attitude," Zuckerman says.
|President Barack Obama
(Getty Images photo)
"That attitude has now sort of been accepted by the business community, so it's a real issue."
Any program that calls for increased public spending on top of the gaping deficits the country currently carries won't help the economy in the long run.
Tax reform would help the economy the most.
The "single most productive thing" for the economy would be for Congress to "eliminate all the so-called tax expenditures and tax earmarks in the tax code and use all of those funds to reduce tax rates and simplify the tax code," Zuckerman says.
The economy's poor performance is hurting Obama's approval rating.
A CNN/ORC poll finds that 65 percent disapprove of the president’s handling of the economy.
"It's clear that economic jitters are a drag on President Obama's standing with the voting public," says CNN Polling Director Keating Holland.
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