The State of American Business
The US Chamber of Commerce has taken a look at “The State of American Business,” and they don’t like what they see. In a new report, the Chamber notes that tough times will likely persist far into 2009. Thus, major government investments are needed to help spur recovery. But, not surprisingly, the Chamber also cautions that stimulus plans must not increase taxes or place regulatory burdens on business. The report contains the Chamber’s recommendations for economic stimulus, and also suggests that the Obama Administration combine stimulus with reform. As it promotes economic recovery, it should also focus on key areas such as health care reform, protection of intellectual property rights, and maintaining an open global trading system.