what do you hear on wall street and among corporate leaders about the frankly what happens if we go over the fiscal cliff? what i m hearing and i speak to a lot of ceost and every single different industries they can don t want to hire. they think the single biggest consequence of not knowing what s going to happen is that it s just worth it to lay off t is not worth it to hire because with just a series of unknown of, who can take a chance, who can take a chance with washington, better to scale back retail, restaurant, industrial, fire people, that is the solution to the fiscal cliff until we get an actual resolution. jim, i always thought one of the big mistakes of the first obama term, he never had a moment in the rose garden where he was flanked by the biggest business leaders in america and say, look, wither going to work together in common cause to deal with our economy, fiscal position and ultimately affect america s influence in the rest of the world k he have that moment
what do you hear on wall street and among corporate leaders about the frankly what happens if we go over the fiscal cliff? what i m hearing and i speak to a lot of ceost and every single different industries they can don t want to hire. they think the single biggest consequence of not knowing what s going to happen is that it s just worth it to lay off t is not worth it to hire because with just a series of unknown of, who can take a chance, who can take a chance with washington, better to scale back retail, restaurant, industrial, fire people, that is the solution to the fiscal cliff until we get an actual resolution. jim, i always thought one of the big mistakes of the first obama term, he never had a moment in the rose garden where he was flanked by the biggest business leaders in america and say, look, wither going to work together in common cause to deal with our economy, fiscal position and ultimately affect america s influence in the rest of the world k he have that moment
they have to, david, can gift wrap a recession by christmas, we can set it right into place without some agreement. the ceos have, in many ways, more to lose than anybody, why the market got hit this week and the market will continue to be hit until year end or an agreement. explain further what the economic consequences are. what do you hear on wall street and among corporate leaders about the frankly what happens if we go over the fiscal cliff? what i m hearing and i speak to a lot of ceos and every single different industries they don t want to hire. they think the single biggest consequence of not knowing what s going to happen is that it s just worth it to lay off it. is not worth it to hire because with just a series of unknown of, who can take a chance, who can take a chance with washington, better to scale back retail, restaurant, industrial, fire people, that is the solution to the fiscal cliff until we get an actual resolution. jim, i always thought one of the big m