The sun rose on the United States today, which, if you've followed some fevered commentary about the so-called federal sequestration budget cuts, came as a surprise.
Congressional leaders and President Obama failed to reach agreement to avert $85 billion in domestic cuts across federal agencies, and so those cuts hit automatically starting today. Earlier in the week, the president said the “pain will be real.”
It's hard to tell how it will affect the electronics industry and its supply chain. We got some insight earlier this week about how it may hit the military-electronics sector. (See: Will Sequestration Cuts Slam Military Electronics Supply Chain?)
A number of charts have flown around showing that in the big scheme of things, the impact is much ado about nothing:
the automatic federal budgets that triggered Friday March 1.
In chatting with a number of people this week, any worries over revenue impact are unnecessary.
But when we polled you, you had a different take:
significantly thanks to triggered federal budget cuts.
A third of you said the cuts would have no impact, but nearly 30 percent feel the cuts will hit revenues 10 percent or more.
If you haven't taken the poll, let us know what you think. Additionally, let us know what you're hearing from customers and suppliers as this story unfolds.