Obama Moves to Make Peace With Business

January 7, 2011  |  

(Wall Street Journal) — President Barack Obama put into overdrive Thursday his fledgling efforts to call a truce with American business.  In the latest in a series of conciliatory moves, Mr. Obama appointed Bill Daley, a Chicago political operative turned financier, as his chief of staff, and brooked a simmering trade dispute with Mexico.  The appointment of Mr. Daley begins a reshuffle of the senior White House staff that is expected to bring more business experience into the president’s inner circle, administration officials say. Mr. Daley, who served as Commerce Secretary in the Clinton administration, was a harsh critic of new financial-market regulations, and he has publicly pressed Mr. Obama to steer a more centrist course on the economy.

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