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The Certain Role of Uncertainty
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Description
FBN’s Liz MacDonald on how uncertainty is playing into this year’s election.
- Duration 2:42
- Date Oct 23, 2012
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Transcript
This transcript is automatically generated
As McDonald's she's here United Technologies -- not UPS pulsating and certainty.
In their warnings which were rattling while -- but some economists maintain uncertainty just has nothing to do with the stall that recovery.
Does mcdonalds as we -- seen here with.
Mind it looks like they say there's no answer contain brightly here and take a look at what Paul Krugman at the New York Times and I'm writing -- calling it.
The uncertainty skin he's putting up a column -- just that headlines and he's saying look at it -- right wing talking point that uncertainty about the president's policies is what's holding back the economy.
He is essentially arguing look we think that the worst economic collapse.
Ever and -- since the great depression and we need more government spending but hang on a second.
Well sources are we gotta look at what.
Business executives are saying an -- is something -- and Paul -- it's column do you see any mention of what business executive surveys you're saying.
This is -- price Waterhouse Coopers 1000.
Fortune 500 executives surveyed three quarters said.
Economic uncertainty is a top -- they also cited.
Health reform regulatory risk and tax policy take a look at this one from the US chamber of commerce -- to see here 83%.
Virtually majority of nearly 14100 small businesses.
Say they're not hiring due to uncertainty be up about fiscal policy there were also worried about tax and regulatory policy also health report.
Every move Von Nester a small business association and see there.
Nearly 70%.
Say uncertainty.
Again.
Is why they're not hiring it's also the word about our survival as a business and you gonna -- -- accorsi an F five B the National Federation of Independent Businesses.
It to -- saying.
Uncertainty of epic about the economy Health Care Reform and DC policy -- a top reason.
Why they're not hiring some -- -- really really matters because.
The people who read Paul Krug man and that side of the -- the -- government spending is -- you gonna -- US economy.
And -- business executives are saying we executed really hasn't certainty that TC policy blow to higher that's my publicly expose and if you really believe that the people that read Paul Krugman believes that.
Get when you look at the comments they do sure I've been through -- fragments columns.
And that been following him extensively his columns get picked up across the Internet and it's taken as gospel and has Bible nowhere and also did this Paul -- sites Goldman Sachs research in there to support his claims.
Did not cite -- golden Sachs itself is saying.
Uncertain to be upset about the fiscal -- -- why my entire library but he's using Goldman Sachs arguments to support it without reporting what actually -- Goldman Sachs saying busy McDonald -- have -- Arianna website -- learned good at stuff.
There's this story is on Fox Business let's say tech.
