Friday, 2 September 2011

Should Business Leaders Use Bully Pulpit?

Business leaders too are fed up Washington gridlock.

The CEO of Caterpillar Doug Oberhelman came out swinging Monday in an interview with the Financial Times, criticizing the political brinksmanship that threatened a near default on the nation's debt earlier this summer.

"The process was ugly and it was a red herring of a problem," said Oberhelman.

Lawmakers in Washington struck a debt deal at the last moment in the beginning of August but the heartburn from a messy debt deal left psychological scars on the market ? stocks climbing and falling abruptly for the better part of a month.

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Source: http://feeds.abcnews.com/click.phdo?i=d91a8d596746bb87bebdeec7dea8024a

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