Business to Obama: Let's work together -- our way

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Business Roundtable chief John Engler congratulated President Obama, but made it clear he still opposes tax hikes on the wealthy as a part of any deal to avert the fiscal cliff. WASHINGTON (CNNMoney) -- Three top big-business groups extended an olive branch to President Obama on Wednesday, saying past rancor is "history," and it's time to "overcome gridlock" in Washington. "I really don't think it's any secret that the business community has had reservations over the past four years, but today that is now history," said Jay Timmons, president of the National Association of Manufacturers. That organization counts Caterpillar (CAT, Fortune 500), Crown Holdings (CCK, Fortune 500) and Dow Chemical (DOW, Fortune 500) as members. But Timmons and business leaders still won't budge as far as tax hikes on the wealthy are concerned, maintaining that they should not go through this year.
People:
President Obama
Overall Sentiment: -0.0445103
Relevance: 0.909612
| Sentiment | Quote |
|---|---|
| -0.167813 | President Obama on Wednesday, saying past rancor is "history," ... |
| -0.1396 | President Obama on Wednesday, saying past rancor is "history," and it's time to "overcome gridlock" |
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Jay Timmons
Overall Sentiment: 0.0750479
Relevance: 0.71875
| Sentiment | Quote |
|---|---|
| 0 | "I really don't think it's any secret that the business community has had reservations over the past four years, but today that is now history," said Jay Timmons, ... |
| 0 | "An election is really a reset," Timmons said. ... |
| 0.194934 | "An election is really a reset," Timmons said. "The American people have spoken and business community will respond to that. I think we have great opportunities to work together on a common cause." |
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John Engler
Overall Sentiment: 0.138681
Relevance: 0.583219
| Sentiment | Quote |
|---|---|
| -0.154815 | "I think it's very important to understand: It's a lame duck session, put the emphasis on lame," said Engler. |
| -0.135781 | "I think it's very important to understand: It's a lame duck session, put the emphasis on lame," said Engler. "There just isn't much time and so I think you have to be minimal." |
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Vanessa Longshaw
Overall Sentiment: 0
Relevance: 0.30987
Greg Casey
Overall Sentiment: 0
Relevance: 0.296918
| Sentiment | Quote |
|---|---|
| 0.035217 | "Clearly a tax increase is not going to resolve the fiscal cliff," said Greg Casey, ... |
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Bush
Overall Sentiment: -0.0329303
Relevance: 0.286394
Key:
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Additional Info:
City: WASHINGTON
Overall Sentiment: 0.0490874
Relevance: 0.343466
Company: PPL Corp
Overall Sentiment: 0.283691
Relevance: 0.610699
Company: Dow Chemical
Overall Sentiment: 0.559317
Relevance: 0.311185
Company: Lockheed Martin
Overall Sentiment: 0.240133
Relevance: 0.300295
Organization: Business Roundtable
Overall Sentiment: 0.340648
Relevance: 0.59983
Organization: Business Industry Political Action Committee
Overall Sentiment: 0.738082
Relevance: 0.52808
Organization: Congress
Overall Sentiment: -0.100963
Relevance: 0.388352
Organization: National Association of Manufacturers
Overall Sentiment: 0
Relevance: 0.344111
FinancialMarketIndex: DOW
Overall Sentiment: 0.473024
Relevance: 0.317016
- big business
- business roundtable
- CNNMoney
- democrats
- election year politics
- Elections
- fiscal cliff
- jennifer liberto
- national association of manufacturers
- obama
- republicans
- tax hikes
- wealthy
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Source Site: http://rss.cnn.com/~r/rss/money_latest/~3/CrExyhuVoNk/index.html

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