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Obama, Romney camps shift focus back to economy

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    Business Roundtable president John Engler weighs in

  • Duration 4:26
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A look at the president right now as he's hammering his plans for the economy today governor Romney hammering hitters in these new and it's.

-- my plan is to help the middle class.

Trade has to work for America that -- crack down on cheaters like China can -- to open up new markets.

He's got to cut the toughest you've got to stop spending more money that we take again.

But as both candidates focus on what they're planning to do business roundtable president -- and -- some fixes starting right now.

A governor what would you like to see whoever wins do.

-- I think we need to get back to growth in this country that's certainly been the missing element these last few years we're just.

Growing way too slow to percent of GDP.

Vs 4% the big difference and that means job creation that means economic activity makes that deficit problem major there specific things to do.

Duke University just ask along with a group of CFOs.

Nationwide survey and they said they QE3 isn't gonna do -- we need growth we need economic activity -- sales.

We need certainty we need policies stability in Washington predictability.

We would add tax reform has to be in there we've got the highest corporate tax rates the world today Sweden of all places just announce they're cutting.

Their corporate tax rate to 22%.

After -- get the 26.

Why we have France and raising the top rate to 75%.

So they're not all parts in the same -- I guess.

The difference between both candidates right now as Barack Obama is saying pretty much what it did in -- -- give you more it is because I think the trend is my friend.

The government initiatives infrastructure investors wanted to -- it is paying off Mitt Romney says does the opposite I'm gonna cut your taxes.

That's the best way it is -- boom and off we go -- does the roundtable have any.

Any position on us.

Well we don't you know we don't endorse candidates we don't even do evaluations that congressional voting records.

But I'll -- what we do do is we do talk about what it takes get America moving again and we don't think that now forty.

Five months or so it.

Percent plus unemployment trillion dollar deficits.

That's the way to do it it would never reelected to -- -- kind of numbers so.

The debate is going to be very -- -- you.

I guess -- governor did did did this president's calling as well as the years and particularly in battleground states -- is yours.

Despite all -- Well you know yes but you look at those Carter Reagan numbers and -- You know I I just think it's early I think.

It is still fifty days.

And despite the polls I think the American people understand they get to make the decision ultimately they get to cast ballots said.

They've never voted.

In the election and reelected somebody's -- -- numbers so the president's got a challenge but governor Romney's got -- he's got to say this is what I'm gonna do that's different -- The ad you showed is helpful but.

The debates are really gonna flesh this out -- have to do well.

Now a lot of your business guys are very good at marketing.

And they say that Mitt Romney is not marketed himself well or presented the right image now in this latest ad campaign well he -- to -- is a little late.

What do you say.

Well I don't think it's late night -- I won three elections of Michigan but the first one back in 1990 along time ago.

The polls said on the weekend before the election we're gonna lose 54 to forty.

The a lot of these -- don't know who's gonna vote and I certainly don't think they're capturing the economic.

The disc comfort that so many families it's touched every -- -- America everybody's got up.

A family member everybody knows somebody has been hurt in this economy.

The wealth of America's -- somebody like 40%.

In the last few years.

We've got the lowest participation in the labor job market that's why the unemployment rate is -- only just a little bit above 8% so we've got work to do.

At the round -- we've laid out an agenda what we call CEO plan for jobs and economic growth we got a hundred CEOs cutting of the town this week.

And once again we're gonna say.

You know you gotta stop gobbling get to work we're even gonna leave the Russian trade agreement -- done.

When that's just a little step that would be helpful we can't seem to get anything moving in this town and that's a question of leadership.

Who watched closely governor thanks very much could see you're very welcome and thank you look 2 1000000 I -- --

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