Gold: Congress is "playing chicken" with U.S. economy

11/19/2012 | IndustryWeek

With the looming debt showdown, the American government is "playing a game of chicken" with the country's economic future, and manufacturing executives are nervous about the possible effects, writes MAPI President and CEO Stephen Gold. According to MAPI's quarterly Survey on the Business Outlook, 83% of manufacturers say failure to act will have a moderately to very negative effect on their companies' bottom lines, and many companies are already preparing for possible contraction in next year's first quarter by delaying hiring and capital investments.

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