It’s pretty clear that the life of the Goose that laid the Golden Egg is on the line. It seems that for the sake of partisan gridlock, the traditionally resilient U.S. economic Golden Goose may be a fiscal cliff fatality before January 1st.
There’s a virtually unanimous opinion among safety distributors and manufacturers that the impediment to a healthy 2013 is the uncertainty of the impact Obama’s election will have on business. Everyone I contacted for feedback on this article said, in one way or another, “Business is holding back on spending until they understand how the new capital gains taxes, income taxes, health care costs, business regulations, environmental policy, energy policies, and the contentious budget issues will play out in the real world of 2013.”