Forget Washington: Here's how we'd fix the economy, by CNN Fortune

Quicklink submitted by Ethan Hollow     Permalink
Related Topic(s): ; ; ; , Add Tags

View Ratings | Rate It

Author 76900
Become a Fan
  (7 fans)
Image uploaded from a quicklink You may have heard such generalities before, but consider this specific: The CEO of a Fortune 50 industrial firm with operations in 180 countries told one of us recently that the prospect of the year-end "fiscal cliff" of tax increases and federal spending cuts means that "we're already holding back on things we'd otherwise be doing. I could show you a list." He doesn't want to be identified, for obvious reasons. But his list represents economic growth that isn't happening because Washington's leaders prefer playing inside-the-Beltway chicken to dealing with a potential economy-crushing problem less than five months away. So the U.S. hobbles on, its GDP growth having slowed from a feeble 2% annual rate in the first quarter to 1.5% in the second.

Read the rest of the story HERE:


- Advertisement -
- Advertisement -



The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments