Sat. on Kudlow, they were discussing that businesses are not making big capital investments, like new factories, new computer systems and software, and new departments with the commensurate hirees. Instead they’re just nibbling around the edges with small improvements.
The consensus was that knowing that we could possibly have another four and a half years years of anti-growth, anti-free market policies, businesses are not going to stick their necks out. They’re going to hunker down and do what they have to for survival.
If Romney is elected, they think the economy will take a big step forward.
Same thing going on with small businesses that are still around.
No point in taking risk now.