With no plan to get US debt under control, Congress and President Obama are lagging in the business community's view, says Business Roundtable President John Engler.
Michael Bonfigli /The Christian Science Monitor
Business leader John Engler is president of the Business Roundtable, a group of chief executive officers whose firms employ 14 million workers and have $6 trillion in annual revenues. Mr. Engler previously served as Michigan's governor. He was the speaker at the March 22 Monitor breakfast in Washington.
The US as a business competitor:
"The country has tremendous strengths. We are underperforming, and we need to step up the game.... We can't have a world in which 8 percent unemployment becomes the new normal, where trillion-dollar deficits become the accepted thing."
Dealing with the nation's debt problem:
"A framework that truly begins to get our fiscal house in order is probably going to have support overwhelmingly from the business community.... What we don't have is a plan to get behind."
The business community's view of President Obama: