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Why Obama Endorsement From Starbucks CEO Who Battled Obamacare Is A Big Deal

by David Badash on November 1, 2012

in News,Politics

Post image for Why Obama Endorsement From Starbucks CEO Who Battled Obamacare Is A Big Deal

If anyone knows business, it’s Starbucks CEO Howard Schultz. That’s exactly what Glenn Beck‘s The Blaze said last year. Howard Schultz, the long-time leader of coffee giant Starbucks (NASDAQ:SBUX), now says he is voting for President Obama, after spending much of last year attacking Obamacare so much that he became a center point of Republican Majority Leader Eric Cantor‘s press releases. Schultz this year added that an ability to lead in a bipartisan fashion was a prerequisite for his support. And today, he gave that support to President Obama, citing his performance during Hurricane Sandy.

Mitt Romney has been running on the (false) claim that he will create 12 million jobs and make the economy shine bright. For Howard Schultz, the man whom the right says “knows business,” to endorse Barack Obama, is a huge slam to Romney and his entire platform, fake as it may be.

Schultz’s Starbucks is one of the few American companies that offer health care to even part time employees. Schultz, who has also endorsed has said that Starbucks spends more on employee health care than on coffee beans.

In March of last year, Glenn Beck’s The Blaze reported:

If anyone knows business, it’s Starbucks CEO Howard Schultz.

On Tuesday, Schultz weighed in on the ongoing debate over Democrats’ landmark health care overhaul law on MSNBC’s Morning Joe. Though he says he initially supported the bill, the Starbucks exec cautioned that the new regulations will put limiting burdens on America’s small businesses and changes need to be made to avoid harming the nation’s economy.

Congressman Cantor jumped on that bandwagon, Cantor issued a press release titled: “STARBUCKS CEO: OBAMACARE HAS A NEGATIVE IMPACT ON SMALL BUSINESS” (because right wingers often have to use ALL CAPS.)

Hot Air  and many other right wing media sites jumped on the bandwagon last year.

“In August 2011, Schultz called for a halt on campaign donations until both parties found common ground on the country’s long-term fiscal issues,” Business Insider just reported as well.

“I am a product of that American Dream,” Schultz wrote at The Huffington Post in June of this year, just prior to Independence Day. “As a kid who grew up in public housing, went on to get an education at a state university and build a business, I am grateful for what this country has made possible for me. In turn, at Starbucks, we have always tried our best to honor our responsibility to the communities we serve.”

Let’s tell our government leaders to put partisanship aside and to speak truthfully about the challenges we face. Let’s ask our business leaders to create more job opportunities for the American economy. And as citizens, let’s all get more involved. Please, don’t be a bystander. Understand that we have a shared responsibility in solving our nation’s problems. We can’t wait for Washington.

And today, just days before the election, Schultz announced to CNBC that Starbucks earnings were better than expected, that he is raising shareholders’ quarterly dividends by a whopping 24%, and he’s voting for Barack Obama.


If anyone knows business, it’s Starbucks CEO Howard Schultz.

Any questions?

Image by Sillygwailo

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Dave_Koch November 1, 2012 at 8:49 pm

Goodness, everyone is running away from the shallow plastic slug.

IAMSURE November 1, 2012 at 10:13 pm

The Republican meme that Obama is bad for business is false. The fact that no one really knows which Romney will show up is a good reason to not support him as the Republican presidential candidate, but the recent news of his stance about FEMA and how it should go away, leaving the states with the onerous task of dealing with disasters on their own or even worse, privatizing disaster relief is in itself a disaster. I have no doubt the economy will continue to improve and will do so faster if the Republicans start working for the good of the country and stop obstructing progress and making a pledge they made to an unelected rich guy more important then their oath of office and duty to their constituents..

kukai November 2, 2012 at 11:13 pm

Your do realize that when republicans are in control the dems do the exact same thing the obstruct everything that can even if it is good oh and have you ever changed your mind on a issue after finding out info yea that is what is happening with Romeny instead of being like most republicans and being hard line on issues he will willing to be flexible like how a CEO should be when running a company.

dvs1444 November 1, 2012 at 10:33 pm

Starbucks isn't a small business, it's a big business. Obamacare is good for small businesses because it makes it easier for their employees to get health insurance (either as individuals or because of the tax breaks their employers would get for providing it). This helps level the playing field between big businesses, which already have the clout to negotiate good deals on employee health plans, and small ones, which generally haven't been able to get affordable health insurance for their employees. So, for example, if Starbucks is competing with small, local coffee shops for employees, Obamacare probably is bad for Starbucks because it's taking away this unfair advantage that Starbucks has had.

emravenstar November 2, 2012 at 3:56 pm

Starbucks was a small business at one time. It didn't just start out with thousands of coffee shops. I don't think Howard Schultz is too worried about small coffee shops taking away from the business because Starbucks is so popular. I do however think that he knows what he's talking about, and it's nice to see that the company fared better than expected, and is sharing that with the shareholders.

kukai November 2, 2012 at 11:05 pm

it is very funny how everyone is seeing this as everything but what it really is this guy was just given a back room deal by the dems for his support it is just like every political move there is something behind it and if you don't believe that I got a bridge in China to sell you.

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