UPDATE 1-Obama says growth requires more than tax cuts

(Updates with comments on ties with business)

WASHINGTON, Nov 3 (BestGrowthStock) – President Barack Obama said
on Wednesday that if Republicans want to reject his economic
plans, he wants to hear their suggestions on fueling the
economy.

“I don’t think that tax cuts alone are going to be a recipe
for the kind of expansion that we need,” he said at a White
House news conference.

Obama also acknowledged he had not managed the balance well
between having the rules of the road for business while making
clear to U.S. companies that he wants them to succeed.

“One of the things that has not been managed by me as well
as it needed to be was finding the right balance in making sure
that businesses have rules of the road and are treating
customers fairly … but also making absolutely clear that the
only way America succeeds is if businesses are succeeding,” he
said.

(Reporting by Patricia Zengerle and Ross Colvin, editing by
Caren Bohan and Jackie Frank)

UPDATE 1-Obama says growth requires more than tax cuts