On June 22 Ivan Seidenberg, Chairman of The Business Roundtable, gave a speech (pdf) to the Economic Club of Washington.
Here are some notable speech passages:
“But frankly, we have become somewhat troubled by a growing disconnect between Washington and the business community that is harming our ability to expand the economy and grow private-sector jobs in the U.S. We see a host of laws, regulations and other policies being enacted that impose a government prescription of how individual industries ought to be structured, rather than produce an environment in which the private sector can innovate, invest and create jobs in this modern global economy.”
“In the search for short-term revenue fixes, we’re doing long-term damage to growth.
By reaching into virtually every sector of economic life, government is injecting uncertainty into the marketplace and making it harder to raise capital and create new businesses.”
back to <home>
SPX at 1030.71 as this post is written