Corporate CEO’s Finally Come To The Debate

I don’t watch the Sunday morning news shows but it sounds like Meet The Press would have been worth it today. reports that Anne Mulcahy, the CEO of Xerox and a former Obama advisor wants to see some details on the administration’s plans to cut the deficit.

“All of us understand the need for the government to intervene and take the actions they did – whether it was for the financial services industry or the stimulus plan. But I also think there’s a need for an exit plan [and] that this has to be one that’s thought through,” she told David Gregory, host of NBC’s “Meet the Press.”

Gregory pressed Mulcahy, who served on the Obama transition team’s 17-member Economic Advisory Board, about whether the administration has such an exit plan.

“I think we’ve heard the intent. I don’t think we’ve heard the details,” she said, in a pre-taped appearance from the floor of the New York Stock Exchange that aired on Sunday’s “Meet.”

Also on the program, Caterpillar’s Jim Owens offered his opinion on the car company bankruptcies:

On “Meet” Sunday, Owens called the government’s 72-percent ownership stake in General Motors “fundamentally unhealthy. The federal government needs to be in and out. They need to help get the restructuring done.”

I fundamentally agree with both of these sentiments but would ask where these people and their fellow business leaders have been hiding. What’s been missing from the discussion for the past year has been input from the business community. We need a few more to speak up and ask the hard questions.

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