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Job creators issue warning as nation nears 'fiscal cliff'

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  • Description

    Mainstream media downplaying crisis?

  • Duration 2:23
  • Date

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And if you're unsure about your job or your spouse's job or an illness it's your family.

What do you do.

Are are you going to go out and spend a lot this Christmas.

Are you going to plant as big a vacation or a vacation at all.

It's your child is looking to go to a pricey private school do you ratchet -- -- down to a public scope.

Eight in a way we all do things based on whether were upbeat about the future or anxious about the future of the business -- right now.

Is anxious about the future if you think -- that kind of scenario you -- a little bit.

They reprint a little bit and your bosses across the country are concerned and who knows that better than -- tendencies -- -- that's so this is a nation of manufacturers is a -- -- And that's pretty much cuts in the -- doesn't it there -- Spit they are anxious -- and they want to know what's what's coming they had hoped that this fiscal cliff would be dealt with before.

Folks left to campaign but it wasn't so now all eyes -- from that time period between the elections and inauguration.

And it's still don't have -- if that's what they're doing on the factory floor or what they might not.

Do -- -- not expanded it not look for jobs won't invest won't grow won't create jobs because they don't know.

What rules are going to be in place next year on two very important fronts.

Taxes and regulatory policy.

Taxes are are already uncompetitive.

And there are a lot of folks talking about increasing taxes on job creators which makes no sense no other country in the world is doing that right now.

And reticence fronts well okay.

A -- -- -- -- and apple.

But -- on the regulatory front 2000 regulations imposed on manufacturers in the last thirty years makes it pretty hard to compete in this country.

So this continues what you see happening.

Well you know there -- several things that that could happen if we go off the fiscal cliff.

And sequestration occurs and and -- for answering critics of sequestration the and I am did a study.

Of the defense manufacturing sector.

And found that we would lose a million jobs if those defense cuts took place if we were looking at anything else.

Broadly and we just said okay let's just cut defense and on the tax side you know.

Manufacturers are really concerned we did.

A study with the NFIB that showed.

That 55% of businesses today would not start their business because of the current situation Washington let alone what might become.

Today thanks I think.

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