CEA Commends President Obama for His Innovation Agenda

ARLINGTON, Va.-(Business Wire)-September 21, 2009 - The Consumer Electronics Association (CEA)^® today issued a statement regarding President Barack Obama’s Innovation Agenda. The following statement can be attributed to Gary Shapiro, president and CEO, CEA.

“CEA commends President Obama for championing free markets and entrepreneurship as part of his Innovation Agenda.

CEA’s Innovation Movement, a grassroots effort that unites all Americans who support innovation in technology, is based on the belief that free markets, investment and entrepreneurship will drive economic recovery. Innovation means attracting the best and brightest to work in the U.S., promoting free trade, and adopting sensible energy and environmental policies. The Innovation Movement believes that such innovation is achieved by entrepreneurs and is threatened, not advanced, by dangerously excessive government spending. Companies must be allowed to succeed – or fail – on the strength of their ideas and execution, not on the government dole.

There are troubling signs that our nation is losing its edge in global competitiveness, therefore, we are heartened that the White House will place technological innovation and competitive markets that foster entrepreneurship at the cornerstone of its economic recovery strategy.”

About CEA:

The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $172 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion and the fostering of business and strategic relationships. CEA also sponsors and manages the International CES – Where Entertainment, Technology and Business Converge. All profits from CES are reinvested into CEA’s industry services. Find CEA online at www.CE.org.

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