Business leaders must solve national problems

Initiatives like this highlight the importance of focusing on solutions rather than party bickering. It makes sense that business leaders are better equipped for this task. Unlike today’s political leaders, businessmen and women have to compromise in order to survive in the marketplace. That’s why many business leaders, including me, supported the creation of the No Labels movement, which puts the national interest over party loyalty. Focusing on policies instead of parties will help prevent our nation from spiraling downward into more unsustainable entitlements and even larger debt.

Our economy is in trouble and compromise is needed for entrepreneurs and business leaders to create growth. With the national debt exceeding $16 trillion and new business regulations coming out at a rate of 68 per day, uncertainty is making job creation and innovation impossible. Business leaders must continue to press elected officials to engage in an active, bipartisan debate to solve our nation’s problems.

President Obama wants results. He can get them by welcoming voluntary action and compromise. If he fails to reach across the aisle and come to an agreement, our economy will tumble over the cliff, exposing all Americans to hardship. For the sake of our children and future generations, business leaders must continue leading the call for compromise.

Gary Shapiro is president and CEO of the Consumer Electronics Association (CEA)®, the U.S. trade association representing more than 2,000 consumer electronics companies, and a New York Times best-selling author. His views are his own. Shapiro’s latest book, Ninja Innovation: The Ten Killer Strategies of the World’s Most Successful Businesses, will be released in January. Connect with him on Twitter: @GaryShapiro.