I see that Business Week has opened a micro website called “The Case for Optimism”. While I am naturally optimistic, I found the site interesting, especially an article about cautious optimism.
It was written by the CEO of SAP, who grew up in Europe. One of the things that he mentions is that European governments, economies and societies are highly interconnected. I believe this fact is part of the cautious nature of our situation.
The speed at which our current government has been integrating itself into business is astounding. Our government now owns banks, car companies, and maybe the health care industry as well. It is this integration, which is very new to the US, that is, and will continue to cause angst amongst business leaders.
I talk to business owners who wonder daily what the government will integrate next and how it will affect them in the form of regulation, taxes or some unforeseen way. It is a giant question mark that hangs over their heads. The good ones plan for it, but move forward. From the looks of our latest Business Pulse index, business leaders in the New North are becoming more optimistic.
I believe that this optimism may be tempered until we figure out what kind of a “business partner” the government will become.