Clouds, Davos and deals | Business Roundtable


  • General Inquiries
  • Mailing Address
    300 New Jersey Avenue, NW
    Suite 800
    Washington, D.C. 20001
  • Media Contact
    Rayna Farrell
    Director, Communications

Membership Contact
Marty Hall
Senior Vice President & Chief of Staff


What is Business Roundtable

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.

More Than Leaders. Leadership.

Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.

About BRT

Clouds, Davos and deals

Jan 24, 2013

America's debt and other fiscal problems remain "one dark cloud that sits over the U.S. economy," Dow Chemical's CEO -- and Business Roundtable vice chairman -- Andrew Liveris said today in a CNBC interview from the World Economic Forum in Davos. A good exchange followed with CNBC's Andrew Ross Sorkin:

CNBC: Is it a real cloud, though? Some of the comments you hear from CEOs now said we're just going to have to get used to all of these cliffs, and we're going to have to just keep going and maybe just forget about what's going on in Washington....

Liveris: That's the reality case which I live in. I live in that world, reality, and the reality is we're moving on anyway.

But, of course, uncertainty in the consumer is what drives us all. And the consumer needs to see some degree of political certainty, and let's hope that this is not a kick the can down the road, but a real deal will emerge. We have to solve this and tax reform, the two big policy items above and beyond energy.

CNBC: You think that's going to happen?

Liveris: Let me put it this way: I'm bullish but there's a better case of that happening in the second term than in the first term.

Liveris also referred to energy development, including the growth that has accompanied hydrofracking as a "game changer" for the economy, and reported surprisingly positive views from Europeans about the health of Europe's economy.

Also in Davos, CNBC interviewed Jamie Dimon of JPMorgan Chase, another BRT-member CEO. From "Jamie Dimon: Economy Could Boom With Grand Bargain":

Washington can reach a grand bargain to fix its fiscal problems, the U.S. economy could boom, JPMorgan CEO Jamie Dimon told CNBC on Wednesday in Davos, Switzerland.

"We need more facts and analysis and collaboration," Dimon said in an interview from the World Economic Forum. "It is not going to fix our system to scapegoat and finger point."

He said that rancor is not helping the economy to grow and that good policies will ultimately create jobs.

"If we had done the grand bargain that showed that Americans can make decisions," Dimon said, "I think we could have a booming environment. If we have a grand bargain America could take off."



Senior Policy Adviser
Business Roundtable

Connect with BRT

Latest Multimedia

American Innovation, American Competitiveness

Growth Agenda

A Growth Plan for the U.S.

Business leaders are committed to working with government to foster a healthy business climate that creates opportunity for everyone in the U.S. We have identified attainable targets that will produce real, sustainable growth for our country.