Daniel Henninger looks at Obama's speech to the Business Roundtable.  Obama reached out to business.  How they respond will be an IQ test, given the whipping boy status that this administration has placed on so many sectors of the private economy who did or didn't play nice with them.  I have no doubt that some will pay less attention to his actions than they do to his seemingly earnest words.

From the Henninger article:

"And some of the 'antibusiness' rap is the result of the Obama folksdoing what they felt they had to do the past year to get the financialand credit systems back on track.

Along with this came some traditional pistol-whipping of bankers andbrokers. Blame transferral is what politicians do. Everyone big enoughto be a Fortune 500 CEO understands how this game is played.

But then along came a $90 billion tax on banks? That's a high price for taking a fall.

And how did it come to pass that thejust-released Obama budget includes a $122 billion tax on businesses'overseas profits? Business thought it had beaten back this tax lastOctober. What happened"

Read the editorial here.

Thanks, David.