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Senate majority leader practices politics of personal destruction
Topic - Jay Timmons
As President Obama took to the road Wednesday promoting his plan for more federal aid for manufacturers, an industry official said the president could help businesses far more by agreeing on a budget deal with Congress.
With election-year politics in the rearview mirror, the business community called Wednesday for a "cease-fire" between the White House and a divided Congress, in hopes that leaders of both parties will come together to deal with the so-called "fiscal cliff" before it's too late.
Jay Timmons, chief executive of the National Association of Manufacturers, announced after the deal that he was "downgrading" Washington for once again barely avoiding an "economic catastrophe" — in a tongue-in-cheek reference to a threat Oct. 15 from one of Wall Street's top credit rating agencies to lower the nation's AAA rating.
"These regulations will be felt not only by the nation's energy providers and manufacturers, but they also threaten to impose new stringent permitting requirements for millions of stationary sources, which will impact every aspect our economy," said Jay Timmons, president and CEO of the National Association of Manufacturers.