THE ENTERPRISE—MAKING AMERICA GREAT AGAIN—AND HOW TO DO THAT
INNOVATION AND GROWTH ARE THE KEY TO AMERICA’S FUTURE
Yes, I know I’ve hijacked Donald Trump’s campaign theme—but it is a good and appropriate one. I have posted in this edition links to a Podcast interview in which I share a wide range of ideas on this exact theme.Our country now has $19 TRILLION OF DEBT, WHICH IS MORE THAN OUR ECONOMY’S ANNUAL OUTPUT OF $18 TRILLION! Unfortunately, no one is talking about this issue—except in the context of Donald Trump’s plans for getting the US economy to grow again.
Growth in the economy is the best way—maybe the only way—to restore America’s vitality. Innovation and entrepreneurship is the way to achieve that growth.
Otherwise, we have become a country where there is a constant argument about how and who to tax more, and how and where to spend more, or to redistribute wealth to which groups, instead of creating more wealth. Everything Hillary Clinton talks about sounds like a “free lunch”— the money to pay for it comes magically from…”somewhere or somebody else.” The “somewhere or somebody” is increasingly more taxes on the American people, on those who create America’s wealth—or still more debt, borrowing from places like China. Few calculations accurately depict the enormous impact of economic growth on the American budget. The growth potential of America’s energy surplus from fracking, has gone largely unrealized.
Nothing will remedy the undisciplined spending of the past decade—not just Barack Obama and the Democrats, but George W. Bush and a GOP Congress, were all guilty. No “discipline” means just that. Spending must be reduced and redirected. Budgets matter and incremental increases in spending each year are unacceptable. Congress is at fault on this count because each member pushes their own special interests. A score of military bases have been identified to be closed—saving billions—but no action has been taken to save money, which can either be redirected to rebuild our depleted military forces, or used to reduce the deficit. Why? Each base has a constituents who fight for keeping it open after it is no longer needed. Weapons systems of the “past,” continue to be developed, usually over $ budget and beyond time schedules, but nobody says “stop,” we don’t need or want this one any more. Dozens of redundant and duplicative programs exist in the Federal government, but no one ever takes action to combine, consolidate or eliminate them—even after they have been clearly identified. These are just examples of hundreds that exist in Washington, DC.
We need a change agent in charge, and a revolution in our Federal government.
AMERICA’S ENTREPRENEURIAL SPIRIT HAS BEEN WOUNDED BY THE OBAMA SOCIALIST/ANTI-BUSINESS AGENDA—BUT WE ARE NOT DEAD YET—NOT BY ANY MEANS
Excessive regulation and government spending has crowded out private capital and combined with the constant UNCERTAINTY about how and what the government will do next to hinder business’, change the rules, and thwart efforts to invest, grow and prosper. Dave Lukas was my co-author on HOPE IS NOT A STRATEGY, our 2012 book chronicling the many leadership flaws of the Obama administration—all of which are still there—and all of which Hillary admires and plans to adopt. She brings her own problems. More on that, but first, check out my interview.
If you have the patience to listen all the way through, you will find that I cover many useful topics and ideas—with Dave’s skillful prompting. Share it with your friends, family, colleagues and anyone else who wants to succeed and prosper. There are already a handful of podcasts on this site, with more to come. CHECK IT OUT.
MY Misfit Entrepreneur Interview is Live!
This is from Dave Lukas’ new Podcast, and my interview.
There is a summary of what we cover, but take a look—and listen—for yourself!
This woman is “bad news,” wrong in every imaginable way. The minorities who are supporting her are being deceived, misled and fooled. Blacks suffered more under Obama than any other group. Hispanics are typically hard working, God-fearing people who should want what Republicans stand for—and they should not worry about Donald Trump’s bluster about Mexican border problems. He’s right, but he’s talking about the small minority of a huge, important and fast growing part of America—Hispanics. Working women and young women should welcome someone whose history doesn’t include the many scandals Hillary has been a part of.
MORE AND MORE PEOPLE WITHDRAW FROM THE WORK FORCE; GROWTH LIMPS ALONG; THE DEFICIT IS GROWING
I don’y need to be repetitive about how the workforce participation rate continues to fall. It’s headed toward 60% as more and more people quit looking for jobs and opt for the Obama-welfare state. Obamacare is doomed, but the next move will be to form a government insurance company—because we all know how well, and efficiently the government runs everything—NOT! Watch for it. It’s coming as Obamacare limps along at HALF the predicted enrollment. The economy is barely growing. Government driven uncertainty has paralyzed all but the most obvious or necessary investment. No investment = no jobs. Slow growth means less tax revenue, when combined with more welfare spending, means greater deficits. The math is unavoidable.
THE FED KEEPS STAGGERING ON ABOUT WHETHER TO RAISE INTEREST RATES, IN FEAR OF TANKING OBAMA’S ANEMIC ECONOMY
The Fed keeps interest rates low so the interest m the skyrocketing debt is only about a QUARTER TRILLION ($250 Billion) per year. If interest rates were allowed to rise to more normal levels of 3-4%, the Interest payments would quickly consume a HALF TRILLION ($500 Billion) per year—driving the annual deficit still higher and the National Debt to new record levels. The American government has, for the past 10 years behaved like a drug addict with someone else’s credit card—charge, charge, charge—and pay later—or never. The other new unfunded program on the horizon is a wholesale forgiveness of student loans. Who gets stuck for the unpaid loans? Simple answer: the government—translation: the American taxpayers.
OBAMA’S IRRESPONSIBLE ACTIONS—PART ONE: 10,000 IMMIGRANTS FROM DANGEROUS COUNTRIES, DUMPED QUIETLY, SECRETLY INTO AMERICAN CITIES
IF HILLARY IS ELECTED: IRRESPONSIBLE ACTION—PART TWO: 100,000 IMMIGRANTS FROM DANGEROUS COUNTRIES FLOODING INTO AMERICAN CITIES
Is this a prescription for local terrorism of unprecedented kinds? I think so. Do you?
There is no amount of “vetting” that can sort out the few thousand “bad apples” in this kind of a dump-truck full of immigrants.
INNOVATION IN THE US FEDERAL GOVERNMENT CAN ONLY BE DONE BY A MASSIVE, REVOLUTIONARY CHANGE OF LEADERSHIP, POLICIES AND ACTIONS.
‘When nothing changes, nothing will change.” The bureaucrats are in charge of American government and until someone comes in and “cleans house,” Americas decline will continue.
LESS THAN 7 WEEKS TO THE ELECTION
HOW WILL YOU VOTE? FOR OBAMA’S THIRD TERM—MORE OF THE SAME, AND WORSE—LED BY HILLARY CLINTON? A PREDICTABLE, CORRUPT DISASTER
A REVOLUTION LED BY THE “UNPREDICTABLE” DONALD TRUMP—A VOLATILE, BUT INNOVATIVE THINKER, WHO WILL NOT TOLERATE THE DC BELTWAY POLITICAL INCEST
I’LL TAKE MY CHANCES WITH TRUMP.I KNOW ABOUT HILLARY—AND WANT NO PART OF HER.
WE’VE HAD ENOUGH OBAMAS, CLINTONS AND THEIR LIBERAL SUPREME COURT JUSTICES WHO “LEGISLATE” FROM THE BENCH.)