| 00:04:49 |
Kay, Katty - Anchor, Washington
OUT HERE ON THIS COLD, RATHER WINTRY MORNING IN WASHINGTON D.C. IT IS NOW FOUR WEEKS UNTIL AMERICA GOES TO THE POLLS, AND IT COULDN'T BE A BETTER TIME...
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| 00:05:48 |
Engler, John M. - President
IN MARCH OF THIS YEAR, THE CEOS PUT OUT A REPORT ON ECONOMIC GROWTH AND JOBS, AND WE MADE A NUMBER OF RECOMMENDATIONS IN THE ENERGY SECTOR, IN THE...
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| 00:06:58 |
Donohue, Thomas J. - President and CEO
ALSO SLOWING? >> WELL, FIRST, LET'S LOOK AT THE EMPLOYMENT NUMBERS AND SAY WE'RE GLAD THAT UNEMPLOYMENT ON THE BASE NUMBER IS GOING DOWN, MORE AMERICANS...
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| 00:08:28 |
Timmons, Jay - President and CEO
ARE GOING TO MAKE ON ELECTION DAY, IS THIS NORMAL FOR AMERICA, IS THIS WHAT WE WANT TO SEE? I THINK MOST AMERICANS WOULD SAY, NO, AND THE AMERICAN...
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| 00:09:12 |
Kay, Katty - Anchor, Washington
IS HAPPENING IN THE REST OF THE WORLD AMERICA'S GOING TO SUDDEN WILL BY KICK STARTED AGAIN AND UNEMPLOYMENT RATES ARE GOING TO COME WAY
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| 00:09:20 |
Shay, Matthew - President and CEO
DOWN? >> I AGREE THAT THIS IS THE BRIGHT SPOT AT THE MOMENT IN THE WORLD ECONOMY, AND WE SHOULD RECOGNIZE AND EMBRACE IT. THIS IS AN OPPORTUNITY FOR...
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| 00:10:43 |
Donohue, Thomas J. - President and CEO
UNIVERSITY OR SYSTEM, THAT WE HAVE THE GREATEST COLLECTION OF ENTREPRENEURS IN A STRUCTURED SOCIETY. I MEAN, YOU GO TO VIETNAM, THERE ARE ENTREPRENEURS...
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| 00:11:18 |
Timmons, Jay - President and CEO
AND COUNTRIES ALL AROUND THE WORLD ARE WORKING OVERTIME TO TAKE AWAY OUR MEDAL OF ECONOMIC LEADERSHIP. AND THAT'S WHAT IS MISSING IN WASHINGTON RIGHT...
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| 00:11:53 |
Engler, John M. - President
LEAST AS IT RELATES TO THE BUSINESS SECTOR. AT THAT TIME WE WERE ENVIED AROUND THE WORLD. WE HAD THESE LOW CORPORATE TAX RATES, WE HAD INCENTIVES...
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| 00:13:15 |
Shay, Matthew - President and CEO
THESE ISSUES. WE, YOU KNOW, TO USE THE PHRASE OF ONE OF MY FAVORITE QUOTE MACHINES, WE SHOULDN'T BE SITTING AROUND CRYING IN OUR SOUP, WE HAVE TO PICK...
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| 00:14:09 |
Kay, Katty - Anchor, Washington
UNCERTAINTY. I TRAVEL AROUND THE COUNTRY AND SPEAK TO SMALL BUSINESS OWNERS AS WELL, AND THEY TELL ME, WELL, WE DON'T KNOW WHAT'S GOING TO HAPPEN....
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| 00:14:47 |
Timmons, Jay - President and CEO
IT'S EPA, IT'S LABOR RULES AND LAWS -- >> REGULATION. >> REGULATION. BUT IT'S NOT JUST UNCERTAINTY, IT'S FEAR OF THE WORST CASE SCENARIO COMING DOWN...
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| 00:15:30 |
Engler, John M. - President
OF PEOPLE TO GO BACK A FEW MONTHS WHEN WE HAD THE FIRST TIME WE HIT THE DEBT CEILING AND ALL OF A SUDDEN WHETHER YOU WERE A LENDER TO THE UNITED STATES...
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| 00:17:28 |
Shay, Matthew - President and CEO
I'VE BEEN SURPRISED TO READ PRESS REPORTS OVER THE LAST COUPLE OF DAYS WHICH HAVE SUGGESTED SOME REPUBLICANS ARE ALREADY SETTING THEY WILL AGREE TO...
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| 00:18:21 |
Donohue, Thomas J. - President and CEO
I THINK A LOT OF THOSE PEOPLE YOU ARE TALKING ABOUT ARE NOT ONLY LEADERS FROM THE REPUBLICAN PARTY, BUT LEADERS IN THE BUSINESS COMMUNITY. AND THEY'RE...
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| 00:20:27 |
Timmons, Jay - President and CEO
RIGHT. THIS GETS LOST IN PRESIDENTIAL DEBATES WHEN WE'RE TALKING ABOUT THE TAX CODE. TWO-THIRDS OF MANUFACTURERS, AND WE HEAR EVERYBODY WAS RUNNING...
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| 00:21:21 |
Donohue, Thomas J. - President and CEO
OF ALL, THIS IS A TWO-STEP DEAL. EVERYBODY KNOWS WE NEED THE BIG DEAL AND WE TALK ABOUT THAT IN 30 SECONDS. BUT WE'RE NOT GOING TO GET TO THE BIG DEAL...
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| 00:22:21 |
Kay, Katty - Anchor, Washington
UNDERSTANDS WHAT ARE IN THOSE BILLS. >> DO ANY OF YOU REALLY THINK WE'LL JUMP OFF A FISCAL CLIFF? OR DO YOU THINK WE WILL DO A DEAL BEFORE WE GET THERE?...
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| 00:22:31 |
Engler, John M. - President
SCHEDULED TO EXPIRE DECEMBER 31 MAY EXPIRE. IT MAY BE SLIGHTLY HIGHER. STINKIER PEOPLE ON THE HILL, MEMBERS OF LEADERSHIP ON THE HILL SAYING WE SHOULD...
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| 00:22:42 |
Shay, Matthew - President and CEO
THIS HAPPEN BECAUSE IT'S THE ONLY WAY TO BRING PEOPLE TO THEIR SENSES. THAT WOULD BECOME AN ECONOMY IN WHICH MANUFACTURING DRIVES A LOT OF JOBS, RETAIL...
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| 00:23:34 |
Kay, Katty - Anchor, Washington
ON NOVEMBER 7 WITH THE SAME MAKEUP OF GOVERNMENT WE HAVE TODAY. WE HAVE BARACK OBAMA BACK IN THE WHITE HOUSE. WE HAVE DEMOCRATS HOLDING THE SENATE,...
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| 00:24:06 |
Donohue, Thomas J. - President and CEO
YEARS? >> IT WILL CERTAINLY BE A DIFFERENT ENVIRONMENT AND SOME DIFFERENT PEOPLE. AND REALITY WILL FACE IS BECAUSE OF THE THINGS YOU HAVE BEEN TALKING...
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| 00:24:59 |
Kay, Katty - Anchor, Washington
TAX CODE, REGULATION, NOT CLEAR ON WHAT WOULD HAPPEN WITH REGULATION, ENERGY, IMMIGRATION, ISSUES THAT ALL OF YOU THINK NEED TO GET FIXED, DO YOU THINK...
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| 00:25:10 |
Engler, John M. - President
DO THE? >> WE'VE HAD A LOT OF COMMITTEES OF SIX, 12, 40. YOU'VE GOT PEOPLE LIKE -- >> CONSIDER A BIPARTISAN COMMITTEE IN WASHINGTON, D.C. >> YOU'VE...
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| 00:26:26 |
Donohue, Thomas J. - President and CEO
LOOMING DEAD ISSUE WHERE THEY'RE GOING TO RUN OUT OF MONEY. WHEN YOU DECIDE WE'RE GOING TO FIX THAT, YOU'VE GOT THE VOTES TO FIX THE. NOW BE AN INTERESTING...
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| 00:27:37 |
Kay, Katty - Anchor, Washington
LET'S TALK ABOUT A COUPLE SPECIFICS THAT INTEREST THE BUSINESS COMMITTEE. ENERGY REFORM CLEARLY NEED TO HAPPEN IN AMERICA. IT'S SO MIRED IN POLITICS....
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| 00:27:50 |
Timmons, Jay - President and CEO
ENERGY SECURITY IS SO VITAL TO NOT ONLY QUALITY OF LIFE BUT ALSO OUR NATIONAL SECURITY, THAT THERE WILL BE SOME AGREEMENT MOVING FORWARD. THE KEYSTONE...
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| 00:28:59 |
Shay, Matthew - President and CEO
TO TAKE THE REST OF JAY'S OBSERVATIONS ABOUT ENERGY POLICY BECAUSE FOR CONSUMERS, MANY OF THEM, DIFFERENCE BETWEEN WHETHER THEY CAN GO SHOPPING AND...
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| 00:30:10 |
Donohue, Thomas J. - President and CEO
SOMETHING ON THE TOP, SOMETHING ON THE BOTTOM, BUT THE BOTTOM LINE WE ARE GETTING CLOSER TO HAVING TO DO A REASONABLE IMMIGRATION BILL. AND I THINK...
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| 00:30:34 |
Timmons, Jay - President and CEO
BUT IN ORDER TO GET IMMIGRATION REFORM THROUGH, WE ARE GOING TO HAVE TO TAKE A VERY HARD LOOK AND, FRANKLY, THERE'S GOING TO HAVE TO BE A LOT OF CONCESSIONS...
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| 00:30:56 |
Engler, John M. - President
HAS TO DO WHAT THEY PROMISED PEOPLE THAT THEY WOULD DO. YOU HAVE GOT PLENTY OF VOTES ARE IMMIGRATION REFORM. THEY ALL PROMISE TO. WHAT WE HAVE TO DO...
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| 00:31:33 |
Kay, Katty - Anchor, Washington
ENVIRONMENT FOR THE TALENT SPENT BEFORE WE GO TO QUESTIONS, JAY, THEN I WANT TO TALK ABOUT CAMPAIGN FINANCING. >> SO YOU'RE LOOKING
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| 00:31:40 |
Timmons, Jay - President and CEO
AT CALIFORNIA RIGHT NOW, AND THAT MASSIVE INCREASE IN THE COST OF GASOLINE, WHEN MATT SAID, WHEN CONSUMERS ARE PAYING FOR GASOLINE THEY ARE NOT ABLE...
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| 00:32:38 |
Donohue, Thomas J. - President and CEO
CASH COW IN ENERGY THAN ANY OF THEM. AND WE CAN DO SPENDING. WE CAN DO TAXES, AND WE CAN TO ENERGY WHICH IS OUR CASH COW IF WE GO TO AND YOU CAN MAKE...
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| 00:33:21 |
Engler, John M. - President
EARLY IS GOING TO SAVE, MAKE AS MUCH AS 50 CENTS A GALLON, THEY'VE BEEN PAYING OVER $5 A GALLON IN CALIFORNIA, AND CALIFORNIA HAS CREATED -- [INAUDIBLE]...
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| 00:34:37 |
Kay, Katty - Anchor, Washington
LEADERSHIP. >> OKAY, WE'RE GOING TO TAKE QUESTION IN JUST A MINUTE. BEFORE THAT I WANT TO ASK YOU A QUESTION ABOUT CAMPAIGN FINANCE AND THE SUPER PACs...
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| 00:35:11 |
Donohue, Thomas J. - President and CEO
SOME TIME TO COME IN VARIOUS WAYS, TO FORCE BUSINESS TO BACK AWAY FROM PARTICIPATING IN BOTH THE ELECTION PROCESS AND THE PROCESS OF GOVERNANCE. WHICH...
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| 00:36:09 |
Timmons, Jay - President and CEO
ARE GETTING INVOLVED. I SAID EARLIER WE DO NOT HAVE A CLINICAL ACTION COMMITTEE AT THE NAM BUT WE ARE FORMING ONE. WE HAD A DEBATE FOR 40 YEARS, AND...
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| 00:36:42 |
Engler, John M. - President
INVOLVED AND WE DON'T EVEN GREAT LEGISLATORS. MY EXPENSE AS A GOVERNOR IS A COMPETITIVE STATE, OUR BEST TEACHERS ON POLITICAL ACTIVIST WITH THE LABOR...
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| 00:37:30 |
Shay, Matthew - President and CEO
OF OUR POSITIONS THERE'S A GREATER LIKELIHOOD WE WILL GET SOME ACTION ON THEM AND THAT'S WHY WE'VE ENGAGED OUR MEMBERSHIP. >> LET'S GO TO QUESTIONS FROM...
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| 00:38:31 |
Timmons, Jay - President and CEO
LOOK AT THE SPENDING SIDE OF THE LEDGER. IN FACT, THE PRESIDENT SAID IN THE DEBATE WE NEED TO LOOK AT MEDICAID BECAUSE AS HE SAID IT'S THE BIGGEST...
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| 00:39:39 |
Kay, Katty - Anchor, Washington
TO ME PEOPLE TALK ABOUT CUTTING SPENDING. THEN, OF COURSE, WHEN IT COMES TO THEIR ACTUAL PROGRAM, THEY DON'T WANT TO CUT. WE HAD EVEN THE EXAMPLE OF...
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| 00:40:01 |
Timmons, Jay - President and CEO
WE DIDN'T CUT. >> THAT'S WE NEED LEADERSHIP FROM THE TOP AS GOVERNOR IN GAZA. AND I WILL POINT BACK INTO THE GOVERNORS. SUCCESSFUL GOVERNORS DO TWO...
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| 00:41:25 |
Engler, John M. - President
HAD OSTENSIBLY THE SENATE OFFICE. THAT'S NOT EXACTLY, YOU KNOW, GREAT TRAINING TO RUN ONE OF THE LARGEST ENTERPRISES KNOWN TO
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| 00:41:36 |
Kay, Katty - Anchor, Washington
MAN MAN. [INAUDIBLE] >> WELL, I'M VERY PARTIAL OF. [LAUGHTER] >> THERE'S A LOT OF WAYS -- [INAUDIBLE] [LAUGHTER] >> NEXT QUESTION. THE GENTLEMAN IN THE...
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| 00:42:40 |
Donohue, Thomas J. - President and CEO
YOU KNOW, WE, THE CHAMBER IS VERY ACTIVE IN POLITICS BUT WE DON'T TO PRESIDENTIAL POLITICS. BUT I AM GOING TO REFER TO SOMETHING THAT CANDIDATE ROMNEY...
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| 00:43:54 |
Engler, John M. - President
EXPLOSION IS ENERGY AVAILABILITY, AND NO ONE, PROVEN ENERGY RESOURCES IN THIS COUNTRY, THE DRILLING AND AN INFRINGEMENT ON PRIVATE LAND. AND TOM IS...
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| 00:44:49 |
Kay, Katty - Anchor, Washington
QUESTION. >> WHILE WE'RE WAITING, LET ME JUST JUMP IN ON THE ENERGY DISCUSSION AGAIN, BECAUSE WE CAN'T COME AND TOM REFER TO THIS, YOU CAN HAVE A SERIOUS...
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| 00:45:29 |
Timmons, Jay - President and CEO
OF UNFETTERED SUPPLY, WE REALLY HAVE AN OBLIGATION TO GO BEYOND THAT. INSTEAD OF DEMONIZING SUCCESS TODAY, INSTEAD OF CHARACTERIZING ENERGY COMPANIES...
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| 00:46:39 |
Kay, Katty - Anchor, Washington
YOU. AND PLEASE FEEL FREE WITH THE QUESTION. YOU HAVE A GREAT AND OTHERS TO TAKE ADVANTAGE OF THEM. AS I GO AROUND THE COUNTRY THE OTHER THING I HEAR,...
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| 00:47:03 |
Shay, Matthew - President and CEO
THINK, THERE'S A QUESTION THAT THE EASE OF ACCESS TO CREDIT FIVE YEARS AGO, THE PENDULUM PROBABLY SWUNG TOO FAR ONE WAY BUT CLEAR FOR NOW IT HAS SWUNG...
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| 00:48:44 |
Donohue, Thomas J. - President and CEO
IN ANGER. IT WAS. PEOPLE ARE ANGRY AND THEY'RE TRYING TO COVER UP THEIR OWN INVOLVEMENT IN THIS DEAL. THE SECOND THING ABOUT THAT, IT HAD 250 SOME...
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| 00:50:49 |
Donohue, Thomas J. - President and CEO
THE PEOPLE THAT PAY 41, 42% OF THE TAXES, YOU WILL COLLECT LESS MONEY. PROBABLY NOT A VERY GOOD IDEA. BUT WHEN WE GET FINISHED WE WILL DEBATE THAT ISSUE....
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| 00:51:21 |
Engler, John M. - President
FOR SURE. THIS PENNY, THAT WAS TO COME LATER. WE ARE STILL WAITING. AND I THINK, AS THOMPSON EARLIER, THE NEGOTIATIONS, THERE'S A LOT OF PIECES TO...
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| 00:52:11 |
Engler, John M. - President
GOVERNOR. >> I'M HIGHLY OPTIMISTIC. I'M 100% CERTAIN THEY CAN ALL BE DONE. THE QUESTION YOU'RE ASKING WILL THEY? I THINK THERE'S GOING TO BE ENORMOUS...
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| 00:52:55 |
Donohue, Thomas J. - President and CEO
I'M OPTIMISTIC. >> ALWAYS. >> I BELIEVE THAT THE CIRCUMSTANCES IN AMERICA AND AROUND THE WORLD ARE SUCH THAT THEY CREATE AN ENVIRONMENT WHERE WHOEVER...
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| 00:53:12 |
Timmons, Jay - President and CEO
PRICE. >> I'M VERY OPTIMISTIC BECAUSE I THINK THE AMERICAN PEOPLE AREN'T GOING TO SETTLE FOR ANYTHING LESS THAN SUCCESS, AND THEY'RE GOING TO HELP DRIVE...
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| 00:53:37 |
Shay, Matthew - President and CEO
WHAT'S NEEDED? >> YOU'RE NOT GOING TO FIND ANY PESSIMIST UP HERE, WE WOULDN'T DO WHAT WE DID FOR A LIVING. I THINK WE'RE ALL OPTIMISTIC. AS WE DISCUSSED...
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| 00:54:13 |
French, Mark - Founder, President and CEO
FOR CONVERSATIONS, AND A BIG THANK YOU TO KATTY KAY, WHO IS A KEEN OBSERVER ON WASHINGTON POLITICS AND THE ECONOMY AS WELL AS A GREAT MODERATOR. THANK...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.