wolfstreet.com / by Wolf Richter / September 17, 2014
The Business Roundtable is an association of CEOs of the largest corporations in the US that account for “more than a third of the total value of the US stock market,” according to its website. On its agenda: lower corporate taxes (tax credits!), more immigration of cheap labor, and trade – the big trade agreements currently being negotiated in all secrecy (my take from late last year, though resistance has grown since.... Coming Soon: Corporate Tools To Hollow Out National Sovereignty).
Or, as it says so eloquently, “working to promote sound public policy and a thriving US economy.”
But the BRT results didn’t speak of a thriving US economy. “CEO plans for investment, hiring and sales over the next six months decreased, with employment plans declining the most,” the survey stated. It wasn’t pretty: