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September 16, 2010

Former FDIC head: American businesses have no confidence convinced that their government won't will do something really stupid

But he also feels help may be on the way in November in the form of a gridlocked congress.

...confidence may begin to return in November, Isaac says, if the Republicans regain some seats in the House and Senate. This isn't because Republican policies have been any better than Democrat ones--Isaac blames both parties for the horrible policies of recent years--but because gridlock will make it more difficult for the government to do something truly reckless and stupid...
Before you can really change course and do a 180, you need to stop doing damaging things. Gridlock might provide businesses with a brief island of stability where they can move cautiously forward.
Gridlock is our bridge to the future.

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posted by Purp at 11:43 AM

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