Saturday, July 31, 2010

Employment Versus Antibusiness Environment

E-Mail to Congress:

I partially watched Bulls & Bears on Fox News this Saturday morning.

One member of the group stated that the difficulty with the economy is that industry is not investing for creation of new jobs, because it does not have a clear picture of the business environment. This is absolutely incorrect.

"Industry" is made up of individuals who are members of company Boards of Directors, Administrations, and stockholders both large and small, and private business owners. These individuals already have a clear picture of the business environment. It is poor, as determined by government policy. This is not the time for investment by large companies and small business owners.

The Federal Administration has already created an anti-business environment. It has done this by planning to increase corporate and personal income taxes, increasing restrictive regulations through banking and healthcare, confiscating various industry segments such as automotive through bailout procedures and health insurance companies by pressing for a public option, and continuing to increase the size of government through employment.. In addition, there have been several pro-union developments which have been contrary to public interest.

Congress has also been cooperative in these endeavors by supplying funds to the gross disadvantage of extreme public debt.

Individuals with money tend to invest in a favorable economic climate, as they see a potential return for their investments. These are the same individuals referred to above. They don't see it in the present environment, and they are sitting tight. If government changes its policy of antibusiness by reducing taxes, reducing regulations, etc., we may see some positive business action leading to higher employment and general economic growth.
This is unlikely to happen, because the Administration and Congress are loaded with socialists with unrealistic expectations for their program, which history shows will take us down the road to economic ruin. It also may not happen because the Administration and Congress are making every effort to load the voting public with giveaway programs to existing citizens and the entrance of new Democratic (Socialist) voters through fraud and deceit involving illegal immigrants.

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