Obama Lobbies Big Business

With negotiations between Democrats and Republicans over the looming fiscal cliff speeding toward nowhere, President Obama courted big business Wednesday, hoping to convince attendees at the Business Roundtable to lobby for his proposal. Currently, the president says he will not sign off on a proposal that does not increase tax rates for the wealthiest Americans, while Republicans say they refuse to raise tax rates. “I am passionately rooting for your success, because if the companies in this room are doing well, then small businesses and medium-sized businesses up and down the chain are doing well,” Obama told the attendees. Work it.