Wednesday, September 7, 2011

CEOs to Obama, Get Out of the Way for Job Growth

Business gave a hint how the economy can recover, but will Obama listen? After 3 years of high unemployment, I highly doubt it.

(CNBC) President Obama's highly-anticipated jobs package will be unveiled Thursday in front of Congress.

Ahead of the economic speech, an NBC/Wall Street Journal poll showed Obama's overall job approval rating at a low of 44 percent, down 3 percentage points since July, while his handling of the economy stands at 37 percent.

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."