U.S. Chamber of Commerce President Thomas J. Donohue criticized President Barack Obama for a weak election-year economic agenda and costly new regulations during his annual speech on the state of American business, The Washington Times reported.
“An Administration spokesman recently said that there is just one item on the president’s ‘must pass’ legislative program for the year — a further extension of the Social Security payroll-tax holiday,” Donohue said. “With all the challenges facing our economy and our country, it’s inconceivable to me that the President would agree with that — and I trust that he doesn’t. 2012 must not be wasted simply because it’s an election year.”
According to the newspaper, Donohue said the Democrat-controlled Senate should take up some of the legislation passed by the Republican-led House to stimulate economic growth and create jobs. He noted that at least one or two of the proposals would have to be appealing to the Senators.
POLITICO reported that Donohue noted his displeasure with hearing politicians bash the free market, saying that the only way out of the current crisis is to drive economic growth from one end of the country to the other.