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U.S. Chamber of Commerce CEO Tom Donohue argues Obama’s State of the Union did not address economic growth or job creation.
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They're calling for changes to taxes and regulations in his state of the union speech changes that could affect businesses all over the country Liz Claman.
Is in doubles -- reaction from the CEO the chamber of commerce and a first on Fox Business interview list.
David just one day after the president rolled out his State of the Union Address so we are pleased to welcome Tom -- -- of course is the head.
Of the US chamber of commerce for a first on Fox Business response.
To that State of the Union Address but also to talk about all that's going on here at Davos and how the United States could -- grow verses.
Perhaps just kind of coast that's really become the issue but first your response I know that you read the transcript of the state of the union what did you think.
Well there were two speeches one was the president's and the other was a governor Daniels response only comment on both of them first -- -- And the president and then -- and said many times before -- gave the speech there was a major kickoff of his campaign that was a political speech.
Eight identified some of the things that we've made progress on.
The national security side and others and then it suggests that what we do about the economy and and they are quite frankly I was disappointed.
It's full of taxes and taxes.
Regulations.
And regulations.
As stimulus and stimulus it doesn't address the two fundamental questions and hand.
And that is how -- we drive growth into the United States economy.
FedEx it to the extent that number two he creates jobs jobs put people back to worry take them off dependence on the government.
Put funds into the government's coffers what's the one -- you wish you have heard in that speech that Egypt and jobs and growth.
I heard a lot about.
How we we're going to regulate things how we were going to constrained things.
How we were going to tax issues.
But I didn't hear anybody say.
And here's what we're going to do to move forward to liberate the free enterprise system in this country to put people back to work.
It was all about what government that was gonna do and what the president that was going to do we feel -- of government.
To see which he could do to.
Put people back to work but that's not gonna.
Europe is a huge topic of of next year people are very concerned about the debt crisis there do you get a sense as you're trying to strike partnerships and deals between European businesses in the US businesses.
That it's as bad as everybody says.
No I don't think it's as bad as everybody says the Chinese worry about Europe because it's their largest export market.
We worry about -- because it's our largest export market but we wanna cut a deal between the United States in the EU.
To have -- zero tariff on on on goods.
To to do the same with finance zero tariff on goods focus -- on goods traded between the EU in the US and do the same.
In the improvements on finance.
And on government procurement and on regulation.
And do them on separate tracks in the first -- it gets there we'll put in place and I really think.
That the Europeans are ready to do it there's going to be a whole lot of meetings since the G-8 and people are gonna come -- suggests this and -- will be people here at this meeting.
Heads of state from Europe saying let's do that deal.
Thomas we finish our -- remain optimistic about US prospects -- 2012 I'm Irish yeah.
-- optimistic.
America has the great strengths for the future as wonderful people great universities.
Now we know the greatest any -- reserves and anybody around.
We've got you know can do group of people will do.
Tom Donahue thank you so much for joining us first on Fox Business here.
