NEW YORK (CNNMoney.com) -- The U.S. Chamber of Commerce slammed President Obama's economic policies Wednesday, saying administration officials "took their eyes off the ball" and "neglected" to focus on job creation.
A letter posted to the business group's site and a summit with 500 business leaders were the latest moves in an ongoing battle between big business and the Obama administration.
The two are at odds over the best way to keep the recovery from slipping into a double-dip recession. The Chamber believes tax cuts are key to job creation. The Obama administration, however, has focused on stimulus and spending to create jobs.
The Chamber said in its letter that the administration "vilified industries while embarking on an ill-advised course of government expansion, major tax increases, massive deficits and job-destroying regulations."
Tags: Obama, economy, stimulus, recovery, fail, Keynesian failure, deficit, regulation, job creation, unemployment, uncertainty, health care reform
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