Woe be the US Economy

Cisco CEO sees strong world economy, U.S. bumps – washingtonpost.com

There is ample political criticism in the commentary of CEOs like Cisco’s John Chambers. All CEOs of major American companies see opportunities for growth in every corner of the planet except in the United States. If this does not frighten people of the political establishment in the US, then it ought to give them pause, at the very least, when it is time to digest claims that slashing taxes and deregulating markets are beneficial. After all, according to CEOs, the net effect of reducing taxation and relaxing regulations in the US has been the creating of economic growth outside the US.

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