America has been called the "Land of Opportunity" for a long, long time.
People come here to get rich. They start up small businesses that they hope will become large. They work hard. They try to turn a profit. They invent things. They re-invent things.
The New York Stock Exchange along with the other stock and bond trading organizations represent the largest corporations in America and the world. Rivers of investor money flow there, and businesses that want to "grow their business" draw from the huge amounts of capital there to expand their businesses. When a business gets listed on the NYSE they are considered to have arrived!
"The Business of America is Business" and Bush is bad for business...
Bush is BAD for Small Business...
First,
Bush is bad for Small Business, because he is re-digging the tank trap of debt that Clinton spent most of his administration filling in from the last bunch of Republican spendthrifts.
That huge hole in America's well being will have to be paid back someday SOON. And when the piper holds out his hand for payment, the American people are going to resent having their pockets picked by Bush and his Cronies.
The first sign of the coming trouble is the falling dollar. The next will be rising interest rates... leading to higher unemployment... leading to smaller paychecks... leading to a weaker economy...
A Republican President gave America the "Great Depression". Four more years of a George W. Bush "Borrow and Give to the Rich" policies could give us the "Greater Depression".
We already have the largest job losses since Great Depression. There are shenaniggans going on to cover up the unemployment numbers, but they are BAD.
People without jobs are nobody's customers. They can't pay their bills. They lose their homes. If they get desperate... the economy gets desperate too.
Second, Bush is bad for Small Business because he is moving the tax burden that should be shouldered by all businesses on to Small Business.
If you are a small businessman, are you going to be able to take full advantage of the $100,000 "Buy a HUMMER" tax break? NO! Then Bush is BAD for you and your business.
Bush is BAD for Small Business.
Bush is BAD for Big Business...
Now there are certain Big Businesses that thrive on massaging US Government debt instruments. These types of Businesse have a reason to be happy at the exploding debt burden on America.
However, Big Government while the biggest single customer is not the only customer. And Big Government Debt is bad for almost all other customers.
If the corporations have to pay higher interest rates, that limits the kinds of deals that they can make. It makes more types of investments unprofitable and/or more risky. Re-tooling America slows down. People become unemployed. Fewer customers with money to spend.
There are more reasons why Bush is bad for Big Business. And I will be getting to more of them in future posts. But this one was something I picked up from watching an investment program last night on TV.
Bush has been winking at crooks in the investment community for three years. There have been scandal after scandal regarding crooked business practices 'on Wall Street'. Some people have been breaking the law. Others have been skirting it. But nobody at the Fed level has been enforcing it.
It is so bad the little guys have been staying away from the markets. That's bad for Big Business.
So, this man on TV from a huge Wall Street firm was talking about how his company was having to prove that they were not Mutual Fund crooks because of the Mutual Fund scandals.
Private, self-policing had failed to protect investors. Big institutional investors were having to force "corporate governance improvements" on Corporate America. The Federal government was not doing it.
So who looks out for the little guy on Wall Street? The Federal Government through agencies like the SEC is supposed to do it. Under George W. Bush they are not doing it.
Honest traders need to face up to the fact that they need police protection from the crooks on Wall Street. Because if a little investor can not come to Wall Street and invest without being fleeced by some crooks, their hard work in building a Big Business is going to be a lot harder.
Big Business on Wall Street has a little secret... they rely on the savings and investments of the little guys. Yes, Big Business needs the little guy. But they need for them to have some money to invest. And they need the little guy to trust them enough to lend them their money, whether the instrument is a share of stock, a bond, or a mutual fund.
The crooks that George W. Bush winks at are ruining the environment that Big Business must have to operate and make a profit.
Nobody from Enron has gone to jail yet... Big Banks, Big Stock Brokerage Houses have been caught playing footsie with Big Crooks like Ken Lay and have paid a few 'Slap on the Wrist' fines. Now the Mutual Fund industry in humiliated by CROOKS.
The honest people on Wall Street should ask themselves if they want four more years of 'Bush Winks at Crooks on Wall Street' headlines ruining their business. If you are an honest trader, and take care of your customers... don't you really want the crooks 'outta here'?
Dean called for some Re-regulation. But his daddy was/is on Wall Street. I don't think that some strengthening of oversight on Wall Street is a bad idea.
So if you are a Small Business Man or a Big Business Man, or some where in between... take a minute... think about it!
Bush is BAD for Business, even Big Business!
Mr. Businessman, do you want four more years of Bush? Really?