Economic Revolution or Devolution?

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With the Presidential election fast approaching, I am wondering what the lasting affect will be on the country, regardless of who wins.

Is there even enough time or political will to change the path of national poverty that we’re on?

Despite the nice gains you see in the stock market, the country is on a very fast track to state-run economic oblivion…

And it certainly seems that as our economy vamps, that we are exhausting our window of opportunity to reverse it.

So I ask you…

Are we in the final months of decline before an economic revolution in this country?

Or, are we in the final months of the last gasps of an economy on its way to permanent mediocrity?

In the past several columns I have talked about how the economy can recover if we did several things to bring back small business creation in the US…

Because, as you know, small business is where 65% of all jobs are found and/or created in the country…

And is where most of the focus on any economic recovery should be.

Small businesses are, without doubt, the real indicator of the health and vitality of the economy…

And thus, that sector is the key factor in maintaining the health and existence of the middle class.

It is no stretch to say that small business is the engine that creates wealth and raises productivity in the American economy...and that includes the housing market.

So small business is where we will find our real recovery, if we do so at all.

It is sad that the truth of this fact escapes the mouse trap minds of this Administration…

Or, just as likely, it simply doesn’t matter to them.

But still, the truth remains the truth…

Small businesses have to make a profit to survive, and when they do, we know that those jobs created add value to small businesses and add value and wealth to the economy as a whole.

“Revolutionary” Solutions

That is why I have called for a tax holiday for small businesses for several years to foster new startups… And additional tax benefits for every new employee that is hired by a small business…

As well as greater tax incentives for corporate America to provide more small business funding in the forms of loans or equity as a way of jump starting small business creation –and employment--without costing the American tax payer a dime.

(In fact, some of these policies are similar to parts of Rep. Paul Ryan’s “Daring Plan” as Forbes put it, to reach 4% growth instead of the barely 2% we have today.)

Think about the almost-immediate affect such policies would have…

They would help to restore the manufacturing base much quicker and deeper…

And result in more real, sustainable jobs, faster.

While we’re on the topic, reindustrializing America–you know, where we actually make stuff?--ought to be a major policy goal of the next Administration.

Are such policies borne of pure free trade?

No, they’re not. Mea culpa.

They favor domestic businesses over foreign ones…

But I can live with that; can’t you?

Statist Political Culture

I have contrasted these facts with the disastrous “Obama Jobs” that are created with the stroke of a pen and are funded on the backs of tax payers and deficit spending…

Which, in the vast majority of cases, add little or no value to the economy, but rather, show a short term decline in the unemployment rate but are actually a long term drag on the economy.

Such incentives are not Obama-fed statist policies that rely on high taxes and regulation borne of central planning, which is the real job killer...

Rather, they are basic wealth creating policies that have proven to work whenever they’re tried.

But I have also talked about some of the other restraints upon the economy and some of the obstacles that we face…

The Obama doctrine of taxation that pits “justice” or “fairness” (as the editorial board in yesterday’s Wall Street Journal called it) against liberty, economic growth and constitutionality, is a heavy anchor that may well sink the economy and the American society with it.

The passage of Obamacare, its the huge tax burden, and its horrid level of government intrusion into our lives is the biggest example of that, but not the only one…

Others include a rapidly expanding the welfare state, extending unemployment benefits, and warping the economy with state-run failures like Solyndra and many others.

Those policies are even changing the way we, as Americans, view our country…

The country’s political culture is devolving into one of entitlement, not of self-starting individualists in a free enterprise system…

Tragically, the American entrepreneurial spirit is under constant attack by this Administration…not only with policies, but from the bully pulpit as well…

It appears that the Administration’s goal is to consolidate political power by replacing independence in Middle America with dependence upon the federal government…

Whether by union cronyism or by creating conditions where a majority of Americans rely upon federal benefits just to get by in an economy that no longer works like it should.

This point was just echoed by New Jersey Governor Chris Christie who said that the mentality of too many Americans is now all about “sitting on a couch waiting for their government check.”

He’s right, of course, and that does not bode well for a healthy, wealthy, and free democracy.

We will, as a country, have at least the illusion of choice this November…

But will this year’s Presidential Election put us on the path to becoming the country that we used to be?

Or are we too far down the road of state dependency to turn back now?

Given the choice, I prefer to remain optimistic that we can—and will--restore our entrepreneurial spirit and reclaim our independence and economic vitality…

And when we do, it will start with small business.

Small businesses are where the American Dream was born, and is where policies must be focused for any recovery to be real and lasting.

And those are…The Gorrie Details.

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One Comment

1. 

   David Johnson

   April 12, 2012 at 4:17 pm

   How about the unions and there giant retirement benifit plans breaking down large companies. I blame unions and states for not passing right to work l aws. Keep her comin Stormydave

   Reply