There's an internal conflict as Bush tries to satisfy two different constituencies. The public finds reassurance in government taking a harsher stance, but big business is a little conflicted in that it traditionally doesn't want government putting too many regulations on it.
More Quotes from Donald Selkin:
Right now business stinks, consumer confidence is down, the travel industry is suffering and the economic reports haven't been good and any economic recovery is going to be linked to the war. There haven't been too many first-quarter negative pre-announcements, but I'm still worried about corporate profits in the first quarter.Donald Selkin
The number today struck me as neutral. More stocks are up than down, and that's the ultimate test.
Donald Selkin
Blair is trying to put people's perspective in the right place. Maybe they expected too much in the first week. He's saying that we are making progress and we are going to try and work with the U.N., and that reassures people.
Donald Selkin
The market could tread water until Friday.
Donald Selkin
Didn't look like we were going to do much in the beginning because the jobs number came in lower-than-expected and the Michigan number also came in lower.
Donald Selkin
A slowdown in GDP could inject a note of caution in copper and the other metals. All of the metals are a down a little bit today.
Donald Selkin
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Based on Topics: Business & Commerce Quotes, Government QuotesBased on Keywords: conflicted, harsher
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I hope to live all my life for my art, without abandoning my principles one iota.
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