Bloomberg Government and Bloomberg Businessweek held an exclusive two-panel event at the Newseum in Washington, D.C. examining President Obama’s State of the Union Address.

One panel focused on political impacts. Moderated by Bloomberg’s Josh Tyrangiel, participants included: Margaret Carlson, Bloomberg View columnist; Former Congressman Tom Davis; Anita Dunn, Managing Director, SKDKnickerbocker; Josh Green, Senior National Correspondent, Bloomberg Businessweek; and Sam Stein, Political Editor and White House Correspondent, The Huffington Post.

 The other panel focused on economic and business implications. Moderated by Bloomberg’s Al Hunt, participants included: Senator Bob Corker (R-TN); Senator Mark Warner (D-VA); Governer John Engler, President of the Business Roundtable; and Dr. Alice Rivlin, Senior Fellow, Economic Studies, Brookings Institution.

BGOV’s Darin Ohlandt recaps the latter panel:

 State of the Union: What’s Next 

 

Senator Bob Corker, a Republican from Tennessee, center, speaks as John Engler, President of the Business Roundtable, listens during a discussion at The Newseum in Washington, D.C., U.S., on Wednesday, Jan. 25, 2012. The event, sponsored by Bloomberg Government and Businessweek magazine, was titled “The Economic & Business Implications of the State of the Union Address.” Photographer: David Rogowski/Bloomberg

 

The morning after the President’s State of the Union address Bloomberg Government and Bloomberg Businessweek hosted an event examining the business and political implications of the programs, proposals and issues identified in the speech.

Bloomberg Government sponsored a distinguished panel including Senator Mark Warner (D-VA), Senator Bob Corker (R-TN), Governor John Engler, now president of the Business Roundtable and Dr. Alice Rivlin, a Senior Fellow at the Brookings Institution and renowned economist and budget expert. Al Hunt, Executive Washington Editor for Bloomberg News, moderated the panel. This panel reviewed the economic, business, employment and budgetary consequences stemming from the President’s annual address.

The panelists agreed that the number one problem facing the economy and businesses is the federal budget deficit and the economic uncertainty that stems from it. Senator Corker emphasized that the best way to create jobs and to grow the economy is to tackle the deficit. All panelists agreed that political leadership needs to work out solutions for entitlement reform, tax reform and overall spending.


Senator Mark Warner, a Democrat from Virginia, right, speaks as Alice Rivlin, Senior Fellow, Economic Studies, Brookings Institution listens during a discussion at The Newseum in Washington, D.C., U.S.,
on Wednesday, Jan. 25, 2012. The event, sponsored by Bloomberg Government and Businessweek magazine, was titled ” The Economic & Business Implications of the State of the Union Address.”
Photographer: David Rogowski/Bloomberg

 

Dr. Rivlin pointed out that President Obama put Medicare and Social Security reform on the table during the speech, at some political risk. Governor Engler of the Business Roundtable specified many aspects of corporate tax reform that would help them grow and keep jobs in the U.S.

The panelists further discussed a wide range of issues at the intersection of business and government action, including small business policies, immigration reform, regulatory changes and the president’s proposed agency consolidation.

The event, held at the Newseum in Washington, DC, then moved on to the political fall-out with a panel led by Josh Tyrangiel, Executive Editor of Bloomberg Businessweek, and included Sam Stein, Margaret Carlson, Josh Green, Anita Dunn and Thomas Davis.