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Tuesday, August 2, 2011

The political “to do list” looks different today

A pair of stories in today’s New York Times signals a shift in the focus of U.S. government in coming weeks and months.  First, this story reviews the passage of a debt ceiling agreement (click to link).  Pundits expect the senate to approve the house bill by early afternoon and that it will be signed by the president later today... hours before the treasury department had said it would be unable to meet all of its financial obligations.  Secondly, another Times story suggests that attention will now be shifted to job creation and the economy (click to link).

Implications:    I’ve seen a lot of press focused on the frustration of people (aka voters, consumers) about their politicians, lately… and wondering why the debate about the budget and the debt ceiling has seemingly cost them months of getting anything else done.

It will be interesting to see, in the coming election cycle, whether people remember how much (or little) got done by their employees this summer.  (And I make that statement in a completely bi-partisan tone.)

Mike Anderson, for the Elm Street Economics consumer trends blog. A service of The Center for Sales Strategy, Inc.

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