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President Obama has many battles to fight on the economic front: high unemployment, slowing growth, trillion dollar deficits, to name a few. Some of these issues he inherited but some he exacerbated says key members of "big business."

This week, Intel CEO Paul Otellini and Jim Tisch, CEO of Loews Corp. both blamed the President's policies for creating an environment of "uncertainty" that is crippling America's economy.

The Obama administration is "flummoxed by their experiment in Keynesian economics not working," Otellini said Monday in a speech in Aspen.

Higher taxes and more regulation add an additional $1 billion to building a semiconductor manufacturing plant in the U.S. vs. overseas, the CEO said.

As a result, "the next big thing will not be invented here. Jobs will not be created here," Otellini said, warning of "an inevitable erosion and shift of wealth, much like we're seeing today in Europe...this is the bitter truth."

Loews' Tisch made similarly themed comments in a Bloomberg interview on Wednesday. "Part of the problem is that business has very little confidence in what's been going on and very little visibility," he said.

Tisch has also been highly critical of the President's response to the Deepwater Horizon explosion and leak. Loews owns 50% of Diamond Offshore Drilling - the U.S.'s largest deep-water driller.

As Henry and Aaron discuss in the accompanying clip, President Obama did inherit some of the problems plaguing corporations, who really shouldn't worry too much about onerous regulations judging by the "reform" of Wall Street. In addition, S&P 500 companies are sitting on approximately $1.8 trillion in cash, which provides a pretty big cushion to deal with economic "uncertainty," which may be higher than normal today but is always part of the cost of doing business.