… While consumer confidence is up, business confidence is going in the opposite direction. It’s popular to say these days that business leaders are looking for certainty. That is no doubt true, but some of these feelings articulated by CEOs, CFOs, and other corporate leaders are really a nice way of saying that they are increasingly having little confidence in the political leadership of this country in both parties and that this lack of confidence, which goes far beyond the immediate fiscal-cliff and debt-ceiling issues, isn’t likely to go away until they see a fundamental change in behavior. [cont.]
Charlie Cook