The US Chamber of Commerce president Tom Donohue says the Obama administration’s proposed climate regulations should be rethought as they would raise costs for businesses in light the current economic landscape. Donuhue believes implementing the climate regulations would slow economic recovery. He stated: "Congress, the administration and the states must recognise that our weak economy simply could not sustain all the new taxes, regulations and mandates now under consideration. It's a sure-fire recipe for a double-dip recession, or worse." Donohue made the comments during his annual State of American Business speech. As part of the climate regulations, Obama has proposed offering loans and grants for aviation projects.