{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Deloitte CEO comment on Obama speech as WEF starts' data-url='/boclips/videos/5c54bbc9d8eafeecae127b57' data-video-url='/boclips/videos/5c54bbc9d8eafeecae127b57' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nDeloitte CEO comment on Obama speech as WEF starts\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Belvedere hotel reception in Davos 2. Deloitte LLP (limited liability partnership) CEO Joe Echevarria walks along corridor 3. SOUNDBITE (English) Joe Echevarria, CEO, Deloitte LLP:\"I think the President (Obama) was really making a...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Belvedere hotel reception in Davos \u003cbr/\u003e2. Deloitte LLP (limited liability partnership) CEO Joe Echevarria walks along corridor \u003cbr/\u003e3. SOUNDBITE (English) Joe Echevarria, CEO, Deloitte LLP:\u003cbr/\u003e\"I think the President (Obama) was really making a speech more for the populace. I think there are some great themes in what he said. I think time will tell if it makes a difference to the broader populace in terms of its confidence.\"\u003cbr/\u003e(Question: \"You don't sound terribly impressed.\") \u003cbr/\u003e\"I think it's a populist view, so there are some great themes in there. For example when he talks about income disparity, that's one of the big risks that emerged from this conference. But whether he can execute against that - that's different.\"\u003cbr/\u003e4. Cutaway of Deloitte sign\u003cbr/\u003e5. SOUNDBITE (English) Joe Echevarria, CEO, Deloitte LLP:\u003cbr/\u003e\"I think you've got to enable growth, and growth comes from the private sector. So the foundation, you've got to start with tax reform. You have to have a balanced financial place. So imbalances right now exist can no longer exist - whether that's budget cuts, tax increases, it depends. But a balanced budget is what's relevant, not so much whether there are cuts or not.\"\u003cbr/\u003e6. Wide of corridor with Deloitte advertising banner on wall \u003cbr/\u003e7.SOUNDBITE (English) Joe Echevarria, CEO, Deloitte LLP:\u003cbr/\u003e\"I think they (US business leaders) are cautiously optimistic. I think if you compared it to the summer, there's definitely an uptake in more optimism. I think if you compare it to one year ago today from Davos, they're slightly down from what they were a year ago. But coming into 2012 - positive.\"\u003cbr/\u003e(Question: \"What needs to be done geopolitically and also economically to restore business confidence?\")\u003cbr/\u003e\"I think business confidence globally is really where you have to start, so in my country, the United States, you've got to first start with tax reform. Then you've got to deal with budget deficits. When I say budget deficits, you're going to have to make choices between spending and taxes, which plays into tax reform. You're going to have to deal with regulation - balancing the need to protect society along with stifling growth. And lastly this new thing that's called a form of compassionate capitalism. I think that's some of what the President was talking about last night. I think that has to manifest itself through the choices that governments make and businesses make.\"\u003cbr/\u003e8. Close up of light display\u003cbr/\u003e9. Wide of hotel lobby with light display\u003cbr/\u003eOne of the world's leading business consultants expressed doubt on Wednesday over whether US President Barack Obama will be able to follow through economically on his \"State of the Union\" address.\u003cbr/\u003eDeloitte CEO Joe Echevarria said that although Obama's speech on Tuesday contained some \"great themes\", it was essentially populist in nature.  \u003cbr/\u003eEchevarria said that it remained an open question whether the president would be able to deliver on all the areas mentioned in the speech, including on the key theme of income disparity.\u003cbr/\u003eThe Deloitte chief was speaking in an interview with The Associated Press at the World Economic Forum meeting in Davos, Switzerland. \u003cbr/\u003eReacting to the International Monetary Fund's report calling for a greater focus on economic growth rather than budget cuts, Echevarria said what mattered were \"balanced budgets ... not so much whether there are cuts or not.\" \u003cbr/\u003eTax reform and dealing with budget deficits were the key to improving business confidence, he said.\u003cbr/\u003eHe added that US business leaders were generally positive heading into 2012 than they were in the summer of 2011, but less confident compared with a year ago.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv 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