A round-up from Forbes reporters, including Brian Wingfield, who covered the NAM’s Leadership Luncheon yesterday where Sen. Mark Warner spoke, “Ten Ways Obama Can Help Business Now“:
Even more than taxpayer largess, businesses crave certainty from Washington. Take energy policy. In just the Bush years alone, Washington enacted two major pieces of legislation, the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007, both of which had major impacts on how energy companies could, and couldn’t, do business. If the Obama administration does one thing to help business, it should be to pick a plan, stick to it and let the markets get back to doing their thing.
And with information gathered from yesterday’s event:
Intellectual Property Protection
Expect IP protection to become an increasingly important aspect of any trade deals the new administration negotiates, particularly given the U.S.’ concerns about copyright violations in countries such as China. Obama doesn’t have to wait for Congress on this one, as trade discussions are often a diplomatic issue. “I think this will be an important effort for the new trade representative and Secretary of State Clinton,” says Jay Timmons, executive vice president of the National Association of Manufacturers.
Obama isn’t opposed to tapping offshore resources, but he’s hesitant about moving too quickly. He could provide certainty to the industry (and to environmentalists) by establishing a policy–in either direction. America’s energy future with Democrats controlling the White House and Capitol Hill may feature biofuels as well as renewable energy sources. “If ever there was ever a case that it ought to be all of the above, it’s energy,” says freshman Sen. Mark Warner, D-Va.
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