President Obama will meet with top CEOs Wednesday to discuss job creation, US competitiveness, and the recovery. The White House hopes the meeting will help the president shrug off accusations that the administration has been antagonistic toward corporations, either in word or deed.

But is the president really anti-business? There are basically two camps.

In the first camp, White House defenders are quick to point out all the ways the president has acted to protect American Business. The federal government rescued the financial industry, bailed out Detroit, offered a shoulder for Citigroup and AIG, cut taxes for business in the stimulus while propping up demand with a huge deficit, presided over some of the best quarters in corporate earnings history, and proposed a huge business investment tax credit in addition to extending the R&E credit in the latest compromise with Republicans. Does that sound like somebody who has it out for business?

In the second camp, White House detractors point out that that the president's policies seem retributive. He seeks to punish bad insurance companies with health care reform and bad banks with financial reform. Although the bills basically preserve the the private insurance model and didn't try to break up the biggest banks, critics said they were stung by the White House's rhetoric and the emphasis on government nudging the private sector toward its preferred "incentives." In a Weekly Standard piece from last year, Fred Barnes began: "Is President Obama anti-business? The obvious answer is yes." More recently, the White House and congressional Democrats have sought to pay for unemployment benefits by raising taxes on multinational companies.