Obama, Boehner turn to Apple’s boss for financial advice

By , Nov 19, 2012

Apple CEO Tim Cook should consider becoming a financial consultant, if this iPhone thing fizzles out. Apparently, he is on speed-dial for both ends of Pennsylvania Avenue. U.S. President Barack Obama called Cook seeking comment on the looming “fiscal cliff” crisis, according to Monday reports. Although it’s not known what advice the Apple leader gave Obama, Cook was among a number of CEOs the White House contacted. Other business leaders included JPMorgan Chase’s Jamie Dimon, Jim McNerney of Boeing and Craig Jelinek of Costco…

The phone calls are part of “outreach on the need to find a balanced deficit-reduction solution that protects the middle class and continues to move our economy forward”, a White House official told CNN Sunday.

The talks are just the latest round of discussions Washington has had with private business leaders about the fiscal debate facing both the White House and Congressional leaders. If a political decision is not reached by December 31, a number of automatic cuts in spending will take place, including the end of tax cuts for businesses.

Cook apparently has become the go-to guy for federal politicians seeking to take the pulse of the business community. Earlier this year, the Apple leader talked with Republican John Boehner, Speaker of the U.S. House of Representatives. Boehner is Obama’s counterpart on Capitol Hill, the Republican face for the President’s opposition.

It makes perfect sense that Cook becomes the unofficial representative for private business. Not only has Apple been named the most valuable corporation on the planet, but the CEO is largely credited with instituting a tight supply chain and cost-savings which would be the envy of Washington.

But perhaps the best reason for Obama to chat-up Cook:  the leader of the free world is now an iPhone fan. After years of being an inveterate BlackBerry user, the President now carries the Apple smartphone and an iPad tablet.

What do you think?

What advice can Cook offer that would get Washington politicians out of the current financial mess?

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  • Tyler

    Spend less than you make… Lol why doesn’t Obama call Dave Ramsey!

  • chjode

    “Boehner is Obama’s counterpart on Capitol Hill”

    You have a fundamental misunderstanding of how the US political system works.

    • http://www.3sixtydegreescouting.com/ Greg Braddock

      I read that too and was like, “huh?”

  • dady king

    An app can create a difference

  • http://twitter.com/Freducken Alfie

    “instituting a tight supply chain and cost-savings which would be the envy of Washington” is this code for building stuff in China?

  • http://www.facebook.com/DJTerminal David Terminal Illness Loro

    its simple. to fix the defecit it could be done COMPLETELY in one term. simply leagalize the sale and distribution of marijuana. UNTOLD INCOME for america. problem solved.

    • JamesR624

      Just stop. Tell me how that would up productivity and actual people DOING jobs instead of just getting stoned. Stop using the economy as an exuse to get high. Im sock of people doing this. Medicinal marajuana is fine. Legalizing it for recreational use is pointless and one of the stupidest issues to ever even be considered.

      • http://www.3sixtydegreescouting.com/ Greg Braddock

        Lol, it’s not stupid. I don’t agree that it’ll solve the deficit problem because I don’t think it will. Not even close. However, it’s a huge revenue stream and its pointless on why its illegal to begin with. I don’t smoke it so I don’t care either way but there’s no legitimate reasoning for why it continues to be illegal.

  • http://twitter.com/El_Barto_01 El Barto

    Free iPads for all US citizens…is a right!