Thursday, November 6, 2008
Election and the Economy
The election is over and while most of the press is more concerned about who the next chief of staff is going to be, for those of us who are entrepreneurs, the concern is about liquidity, inflation, deflation and things that really concern our businesses. Every day I talk to entrepreneurs who feel that as group we’ve been marginalized because we’re not making big-time political contributions and we’re not a part of PACs. Jeff Cornwall in his outstanding blog on entrepreneurship reported that after the election returns were in, Todd Stottlemyer, president and CEO of the National Federation of Independent Business said, “While the composition of the Congress has changed, the obstacles that threaten small-business owners, employees and their families have not. Small businesses still face the lack of affordable health care, the threat of frivolous lawsuits, the burdens of over-regulation and a complex tax code. These issues don't have partisan labels.” Washington has to recognize that the country has changed and to help the economy, they have to make it easier, not more difficult to start and grow a business. Entrepreneurs are the hope for the economic revival of our country.