Ground Hog Day. Kicking the can. The two phrases that we hear over and over in describing the lack of leadership in both business and politics.
One of the reasons behind the “kick the can” theory is to give each side more time to come to an agreement. That’s what shipping insiders are hoping with the longshoremen negotiations.
Shipping insiders tell me they hope leadership will prevail and compromise will be made and a deal will be formally agreed upon before the February sixth deadline. If you missed any of my reports you can check them out here.
But in many cases, the can is kicked because no decision can be made. The kicking of the can we are seeing right now in Washington according to my sources is a result of the lack of political will to make the tough choices. Over the course of the next eight weeks the rhetoric will heat up on the fiscal fight. “In America, today they are just bickering about peanuts instead of getting together and discussing other changes that they can make, and find a common ground. But right now, they’re not doing anything, and now things are getting worse and worse.” said Jacob Stolt-Nielsen, Founder of Stolt-Nielsen.
While everyone is trying to go through the details of the fiscal cliff deal, the debt ceiling fight looms. Will the President rise up and tackle entitlement reform? Will the Democrats and Republicans put aside their political difference and work together to strengthen the fiscal future of America?
American will have to wait and see as the President continues with his family vacation in Hawaii and the Senate and House congressional memebers go back home for a week after getting sworn in Thursday.