Wednesday, September 07, 2011

CEOs to Obama: Get out of the way!

CNBC reports (Hat tip: Instapundit):
We asked several CEOs leading up to the speech what bold steps Obama could take to reduce the 9.1 percent unemployment rate.

John Schiller, chairman and CEO of Energy XXI, said "if the government would get out of the way, from a regulation standpoint, and let us [XXI] do what we do good you'll see us continue to hire and grow this economy."

"I think that's a message from across the board," said Schiller.

Richard Parsons, chairman of Citigroup, told CNBC there are some specific things that can be done "in terms of moving government out of the way where its in the way of job creation."

In other words, it's the regulations, stupid.

PREVIOUSLY on the failure of liberal economic theories:
Survey of CEOs: Obamanomics is still the problem

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