McDonalds CEO Tells Off Obama
“The question is, how can we get the ox out of the ditch?” Mr Skinner said. “In order to create jobs in America, you’re going to have to cut taxes… particularly in the business community.
“We pay some of the highest [corporate] taxes around the world. There needs to be some levelling.”
Asked about federal borrowing, he said: “It’s not a good story… the government has to spend less. We have to grow the economy, grow GDP… and you have to be able to do it in an organic way and not through borrowings and increasing debt.”
McDonald’s army of blue-collar customers need more clarity on core issues, such as healthcare, he said. “Until all of that is all defined and certain… we’re going to continue to have a fragile environment for consumer confidence.”
Skinner’s intervention will be seized upon by President Obama’s opponents amid a fierce debate in Washington over the country’s deteriorating finances and high unemployment. As Democrats and Republicans fire up their 2012 election campaigns, the focus is on the “9pc nightmare”, with both the US budget deficit and jobless total at that level.