There seems to be a major disconnect between the business community and the administration on how to help our stagnant economy. The administration seems to believe we will only progress if they spend our tax dollars funding expanded unemployment compensation, keeping government and government related workers employed (and in some cases allowing them raises), and regulating the private sector. To add insult to injury, the administration would like to dramatically increase the taxes on many in the business community.
Many in the business community want to know their future liabilities when it come to corporate and personal taxes, benefit costs for employees, and government regulations. It is felt that they cannot make decisions until these are known. The private sector is, currently, not excited about investing in plant and equipment, hiring employees, spending their cash reserves and expanding.
When the business community have these questions answered and are convinced the proposed policies would be something they could work with, our economy will expand. People will be hired - Less need for unemployment compensation; more local, state, federal and FICA taxes paid; more money in the consumer's hands, and a more confident public.
When the business community feels they are appreciated instead of vilified a better working relationship between the administration and business community will be realized. This will be a plus for everyone.
It is time to stop putting a band aid on the problem and cure the patient; Private Industry in America.
To read more of my thoughts, read my new book: "Essays from a Fed-Up Middle Aged, Middle Class American"
You can preview my book on Amazon at:
http://www.amazon.com/Essays-Fed-Up-Middle-Class-American/dp/1453640460/ref=sr_1_1?ie=UTF8&s=books&qid=1286806457&sr=1-1
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