The View From 1776
Thursday, January 06, 2011
Increased Federal deficit spending keeps businessmen’s anxiety high, restraining employment increases. The prospect of reduced Federal deficit profligacy gives businessmen more confidence to expand jobs.
Quote of the day from the Wall Street Journal:
As Republican John Boehner took over as speaker of the House of Representatives Wednesday, prospects also grew for a more business-friendly environment that stock investors hope will further propel corporate performance.
“Having a balanced Congress gives corporations more confidence to spend,” said Roy Williams, chief executive of Prestige Wealth Management. “Corporate executives are feeling more comfortable now, and that leads to more hiring and more corporate spending.”