Home / Knowledge / News / Core competitive challenges to drive growth & prosperity
Core competitive challenges to drive growth & prosperity
Jan '08
Speaking before an assembly of business leaders, Chamber President and CEO Thomas J. Donohue said that American lawmakers must use the coming year to proactively address a series of pressing issues that have the potential to unleash the U.S economy or, if left unaddressed, cripple it.

In his annual State of American Business speech, Donohue called on Congress to enact aggressive reforms and initiatives in areas ranging from education and energy policy to federal immigration laws and the aging transportation infrastructure.

“As we meet here today, the country's future is clouded by Washington's failure to seriously address the core competitive challenges that will drive growth, opportunity, and prosperity in the 21st century,” Donohue said.

“The world has changed and so too must our policies and practices. The Chamber, along with many of you, has been actively speaking out on these challenges for years. Progress has been made on some issues, but overall, a culture of complacency and neglect has defined our national response. And that is not the America we know.”

In his critique, Donohue cited the failure so far of the Congress to reauthorize and strengthen the “No Child Left Behind” Act. He also noted the promotion of energy proposals and policies that condemn high fuel prices and carbon emissions while continuing to impose restrictions that discourage the production of clean, diverse domestic energy.

In addition, Donohue warned against a federal trend to over-regulate, over-litigate and over-tax the U.S. capital markets thus driving overseas the very money needed for renewed domestic investment and new jobs.

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search