The 2011 World Economic Forum kicked off this morning in Davos, Switzerland. Chairmen and CEOs have been moderating and attending panel discussions regarding the new state of the economy and new opportunities in the world.
Steven Schwarzman, Chairman of Blackstone Group, sat down with Maria to discuss what he has been seeing so far.
Schwarzman reacted to President Obama’s State of the Union addresslast night . He felt that although the speech was a little disappointing on the deficit side, the affirmation of the American Dream was a very good thing. Overall, Schwarzman thought that there was a positive tone to the speech, and it was very business-focused, which “represents a huge shift and is more accommodative for building the country economically for trade.” We are starting to see a friendlier government-business relationship.