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Gary Shapiro, president of the Consumer Electronics Association, says President Obama's regulatory team has "no experience with business." (Rod Lamkey Jr./The Washington Times)

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** FILE ** Gary Shapiro, president of the Consumer Electronics Association, says President Obama's regulatory team has "no experience with business." (Rod Lamkey Jr./The Washington Times)

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Gary Shapiro, president of the Consumer Electronics Association, says President Obama's regulatory team has "no experience with business." (Rod Lamkey Jr./The Washington Times)

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**FILE** President Obama speaks Oct. 17, 2011, at West Wilkes High School in Millers Creek, N.C., where his three-day bus tour promoting the American Jobs Act made a stop. (Associated Press)

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President Obama speaks at Asheville Regional Airport in Fletcher, N.C., on Oct. 17, 2011, to begin his three-day bus tour promoting the American Jobs Act. (Associated Press)

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President Obama greets the crowd upon his arrival at Asheville Regional Airport in Fletcher, N.C., on Monday, Oct. 17, 2011, to begin his three-day bus tour promoting the American Jobs Act. (AP Photo/Susan Walsh)

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President Obama speaks at the dedication of the Martin Luther King Jr. Memorial on the Mall on Sunday. The president said that King's achievements did not come easily or swiftly, but added that the civil rights leader persevered and prevailed. (Associated Press)

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President Obama (left) listens as South Korean President Lee Myung-bak, wearing a Detroit Tigers baseball cap, speaks at the General Motors Orion assembly plant in Orion Township, Mich., on Oct. 14, 2011. (Associated Press)

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President Barack Obama offers a toast during a State Dinner with South Korean President Lee Myung-bak in the East Room at the White House in Washington, Thursday, Oct. 13, 2011. (AP Photo/Charles Dharapak)

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President Barack Obama and first lady Michelle Obama stand with South Korean President Lee Myung-bak and first lady Kim Yoon-ok as they welcome them to a State Dinner at the White House in Washington, Thursday, Oct. 13, 2011. (AP Photo/Charles Dharapak)

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President Barack Obama and first lady Michelle Obama walk with South Korean President Lee Myung-bak and his wife Kim Yoon-ok as they welcome them to a State Dinner at the White House in Washington, Thursday, Oct. 13, 2011. (AP Photo/Charles Dharapak)

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A view of the East Room of White House where President Barack Obama and first lady Michelle Obama are hosting a state dinner for South Korean President Lee Myung-bak on Thursday, Oct. 13, 2011, in Washington. (AP Photo/Evan Vucci)

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President Barack Obama welcomed South Korean President Lee Myung-bak, to a joint news conference in the East Room of the White House in Washington D.C., October 13, 2011 (Mary F. Calvert/Special to the Washington Times)

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President Barack Obama and South Korean President Lee Myung-bak take part in a joint news conference, Thursday, Oct. 13, 2011, in the East Room of White House in Washington. (AP Photo/Evan Vucci)

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President Barack Obama and South Korean President Lee Myung-bak take part in a joint news conference, Thursday, Oct. 13, 2011, in the East Room of White House in Washington. (AP Photo/Evan Vucci)

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President Barack Obama and South Korean President Lee Myung-bak are welcomed by local school children during a rainy state arrival ceremony, Thursday, Oct. 13, 2011, on the South Lawn of the White House in Washington. (AP Photo/J. Scott Applewhite)

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President Barack Obama welcomes South Korean President Lee Myung-bak during a state arrival ceremony on the South Lawn of the White House in Washington, Thursday, Oct. 13, 2011. (AP Photo/Evan Vucci)

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President Barack Obama speaks as he welcomes South Korean President Lee Myung-bak during a state arrival ceremony on the South Lawn of the White House in Washington, Thursday, Oct., 13, 2011. (AP Photo/Pablo Martinez Monsivais

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President Barack Obama smiles as he welcomes South Korean President Lee Myung-bak during a rainy state arrival ceremony on the South Lawn of the White House in Washington, Thursday, Oct. 13, 2011. (AP Photo/J. Scott Applewhite)

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President Barack Obama welcomes South Korean President Lee Myung-bak during a state arrival ceremony on the South Lawn of the White House in Washington, Thursday, Oct., 13, 2011. (AP Photo/Pablo Martinez Monsivais)