So what does Fred Smith, CEO of FedEx have on his mind:
The realistic optimist: People are not buying a lot of stuff today, but come the fourth quarter, I think maybe you'll see the economy start heading in the right direction. I would be surprised if it doesn't improve over the next year or so, almost regardless of what they do in Washington.
Finding an economic engine: We think the stimulus misses the mark. Business capital investment is really the locomotive that pulls the train. We've been advocating for a long time for industrial companies to be able to expense capital equipment and software when it's put into service. That's so important, because if you track business capital investment and job creation or job loss, it's 100% correlated.
On taking bailout funds: If you take government money and you get yourself in the public arena, then the Congress, quite frankly, has a right to put whatever restrictions on you that they desire. That's really the cost of the deal.