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Obama Meets With CEOs on Job Creation

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Although most of their ideas clashed with President Barack Obama’s policies to provide jobs for millions of Americans, several CEOs from big American corporations are willing to meet with the US president and discuss job creation among other issues.

The Business Roundtable, headed by Boeing Company’s W. James McNerney, Jr., is a group of the top business leaders in the United States. The group has often rammed horns with President Obama on many occasions and on various issues such as healthcare, clean air, and Wall Street reforms.

The group has previously opposed Obama’s plan to employ regulations that are believed to be costly on the side of the big businesses.

The Business Roundtable and President Obama will meet for the third time and hopefully come up with a long-term, permanent answer to the rising unemployment rate in the country. The group already has a list of ideas and proposal that would propel job growth and invigorate the US economy.

Business Roundtable President John Engler stated that he believes “the meeting should produce a valuable and vigorous discussion about the U.S. economy and jobs.”

Among the suggestions posited by the Business Roundtable is giving the go signal to the Keystone XL pipeline project. The endeavor will, according to the business leaders, not only be a key factor in providing job opportunities for Americans. The Business Roundtable argues that the project will also bolster the country’s supply for energy and thus encourage economic growth.

The group will also likely ask the President to recall the Volcker Rule, named after Federal Reserve chairman Paul Volcker. The policy has “far-reaching negative consequences that will impede our ability to raise capital and manage risk,” says the Business Roundtable Group.

The CEOs are also unanimous in giving President Obama their stand on the on-going debate about the corporate income tax reform. Obama has called for a massive tax reform that would require companies to shell out money. The CEOs felt that the administration does not see the whole picture and the implementation of corporate income tax reform might impede and adversely affect their operations and profits.

They debated that the White House made “unstated assumptions that minimized the true tax burden faced by these companies.”

There are several instances where the group has sided with the President. One of which is the expansion of trade opportunities for Americans. Last year, the group also supported Obama’s move to recall a draft that would tighten the policies against air polluters.