America’s CEOs positive about economy

Despite the sky-is-falling attitude from the far right, America’s top CEOs remain optimistic about the economy.

A substantial majority of the top executives of America’s largest companies expect higher sales in the second half of the year. And, most of the CEOs’ companies plan to increase capital expenditures and hire more workers in the next six months.

Don’t take my word for it, check out the Business Roundtable’s second quarter 2011 CEO Economic Outlook Survey that was released today.

“Fully 87 percent of our CEOs anticipate higher sales,” Ivan G. Seidenberg, chairman of Business Roundtable and chairman and CEO of Verizon Communications, said in a press release. “As a result, more than half of our CEOs plan to increase both capital spending and U.S. hiring. This continues a positive trend for our companies’ activity heading into the second half of 2011.”

It’s good to see that top CEOs plan to step up the pace of hiring and spend some of the record profits corporate Ameica has raked in the last couple of years. It’s about time.

Now, contrast the Roundtable’s optimisitic attitude with the negative view of the economy expressed during Monday night’s Republican presidential primary debate.

Fortunately, none of the presidential wannabes at last night’s debate are in charge of the economy.

The Roundtable is “an association of chief executive officers of leading U.S. companies with nearly $6 trillion in annual revenues and more than 13 million employees,” according to its website.

Business Roundtable second quarter survey

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