Economy: The High Public Price Tag of Manufacturing Jobs


Two Trends Show America Heading in Opposite Directions — One of them Threatens to Bankrupt the Country


Dec. 12, 2016 –

Donald Trump’s election has prompted a surge in optimism for the economy and stock market, according to authoritative polls.

The CNBC All-America Economic Survey said 74 percent of respondents are excited about economic prospects – the highest level since 2008.

It said 56 percent of respondents now back the policies of Mr. Trump compared to 43 percent before his election.

The increase in optimism stems from 91 percent of Republicans and 54 percent of independents and 23 percent of Democrats.

When asked to name the No. 1 priority for Mr. Trump, 40 percent said keep jobs from going abroad.

Consumer confidence also soared in another poll – the University of Michigan consumer confidence survey.

Blue-collar worker worries

You might recall Mr. Trump’s biggest support came from blue-collar workers.

One reason for their support is clear.

More than 33 percent of U.S. manufacturing workers and 50 percent of manufacturing workers hired through temporary agencies are on at least one welfare program.

That’s according to research by the University of California, Berkeley’s Center for Labor Research and Education.

The aggregate price tag to taxpayers is $10.2 billion.

In 1991, 1 percent of manufacturing jobs was temporary. In 2016, it’s 9 percent.

In median wages, temp workers make $10.88 an hour. Permanent jobs pay $15.03.

“Manufacturing has long been thought of as providing high-paying, middle-class work, but the reality is the production jobs are increasingly coming to resemble fast-food or Walmart jobs, especially for those workers employed through temporary staffing agencies,” says Ken Jacobs, chair of the Labor Center and co-author of the report.

“While employment in manufacturing has started to grow again following the Great Recession, the new jobs created are less likely to be union and more likely to pay low wages,” he adds.

The five most-utilized benefit programs:

  • Medicaid
  • Children’s Health Insurance Program (CHIP)
  • Federal Earned Income Tax Credit (EITC)
  • Food stamps (the Supplemental Nutrition Assistance Program, or SNAP)
  • Household income assistance (Temporary Assistance for Needy Families, or TANF)

Additional key report findings:

  • Eight of the 10 states with the highest participation rates in public assistance programs that support frontline production workers’ families are in the American South; the other two states are New York and California. Mississippi has the highest participation rate, at 59 percent.
  • This high use of public safety net programs by frontline manufacturing production workers is due to low wages, not limited work hours. The families of 32 percent of all manufacturing production workers, and 46 percent of those employed through staffing agencies who worked at least 35 hours a week and 45 weeks during the year, were enrolled in one or more public safety-net program.

Economic solution

The obvious solution to the low-wage manufacturing-job and public-assistance situation: Grow the economy.

Despite claims of Democrats and media pundits, President Obama is not leaving Mr. Trump an ideal economy. True, Mr. Obama assumed a financial crisis and recession.

The unemployment rate was 10 percent and in his eight years 14 million jobs were created. But federal data shows a majority of jobs is only part-time.

In the first 26 quarters of Mr. Obama’s recovery, the gross domestic product only increased an average 2.1 percent.

President Reagan faced a much tougher situation than President Obama – a 10.8 percent unemployment rate, double-digit interest rates and a debilitating recession. But his policies led to 19 million jobs and fuller employment.

Unlike the tepid Obama recovery, in the first 26 quarters of Mr. Reagan’s recovery, GDP exploded to an average 4.6 percent annually.

Like President Reagan, Mr. Trump knows he has to clear a path for companies to invest and increase salaries.

To spark economic and business growth, three key strategies:

Decrease the business tax rate from 35 percent to 15 percent and will eliminate the corporate alternative minimum tax.

Reform the regulatory code and revoke all over-reaching Obama executive orders that kill jobs but fail to enhance public safety.

Implement cost-cutting measures and reduce the skyrocketing national debt.

From the Coach’s Corner, more public-policy articles for economic solutions:

Downward Revision of GDP Should Set off Alarm Bells — To gauge the health of America’s economy, the gross domestic product (GDP) is, of course, an important indicator. It’s been revised downward — again.

Governments – from Cities to Federal – Dangerously in Debt — The U.S. economy has been slowly mending. However, the situation is bleak for governments at all levels. Why? High debt is dangerous and economic growth is dreadfully slow. This is best illustrated by the enclosed U.S. Debt Clock.

Ideas to Accelerate Slowest Economic Recovery in Decades — Most voters are likely to vote their pocketbooks. So for them the positive spin on the economy by Hillary Clinton and President Barack Obama doesn’t reflect reality.

Analysis: Trump’s Vision to Fix Trade Deficit, Create Jobs — Donald Trump acts positively: Americans are tired of the reign of politically correct terror, the movement for income redistribution, and the massive loss of good-paying jobs.

5 Shocking Lessons from Donald Trump’s Taxes — In analyzing the mess from the mud-slinging over Donald Trump’s taxes, we can reasonably arrive at five conclusions.

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”

-Ronald Reagan


__________

Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.





Photo courtesy markuso at www.freedigitalphotos.net


Analysis: Trump’s Vision to Fix Trade Deficit, Create Jobs



Admittedly, the trade imbalance with China wasn’t the sole catalyst determining the outcome of the 2016 presidential election. But the election was a lesson in common sense — a complete repudiation of the country’s direction.

Unlike the erroneous and disingenuous claims by the media that the uneducated and uninformed elected Donald Trump or Hillary Clinton’s post-election assertion that FBI Director James Comey killed her chances, Mr. Trump won the Presidency because of several factors.

For instance, his election had to do with Hillary Clinton’s long pattern of alleged corruption and the insular arrogance of her campaign and most in her party who want to expand their Democrat power base – even if it’s at the expense of America’s future.

The group-think mentality of the liberal news media also played into Mr. Trump’s hands. His supporters have been and still are angry at the overt media bias.

id-100102805Mr. Trump’s victory stemmed from his marketing slogan, “Make America Great Again,” and from his solutions for critical issues that influenced 60-million voters.

Creating hope

For them, his business background and philosophy created an environment of hope. That includes former supporters of Mr. Obama because they never realized benefits from the hope and change he promised in 2008.

Essentially, Mr. Trump’s core supporters – in the Rust Belt and other economically soft regions lacking in family wage jobs – wanted Mr. Trump to win for three reasons.

Common-sense Americans are sick and tired of the Democrats’ reign of politically correct terror, the movement for income redistribution, and the massive loss of good-paying jobs.

What they want is not to be treated as though they’re invisible. They’re inspired by Mr. Trump’s success.

His supporters also want level-headed strategies for economic growth and jobs instead of the left-wing no-growth mantra for income equality leading Americans to covet their neighbors’ cars, electronic gadgets, money, and prestige.

Yes, Mr. Trump campaigned on eliminating the onerous business regulations, cutting taxes, and increasing energy production.

But none will help the economy more than creating jobs by repairing America’s trade policies.

As a free-enterprise advocate, my sense has always been that it’s best to keep tariffs low and to break down all barriers to global commerce. And, yes, American consumers do benefit from less-expensive foreign products.

Unfortunately, U.S. exports simply do not equal imports.

Ironically, American workers are more productive than their foreign counterparts.

$500-billion trade deficit

But America has a $500-billion trade deficit. In 2015, American exports were $2.3 trillion while imports totaled $2.8 trillion.

The nation’s gross domestic product is decreased by $260 billion as a result of the reduced demand for American products and services.

Admittedly, advances in robotic technology are a factor. But essentially the trade deficit translated to a loss of 4-million American jobs.

GDP is additionally decimated by dormant companies and the laid-off workers to the tune of $130 billion.

Oil imports and the other trade deficits with China are the primary culprits.

To make America energy-independent, it would help to expand drilling in energy-producing states. (But decades of drilling in Oklahoma might explain the rash of earthquakes, which might be problematic.)

Solutions for Chinese obstacles

Mr. Trump is correct in opposing the Chinese currency manipulation and their restriction of American investment and goods.

China’s devaluation of the yuan undercuts global competitors in making its exports cheaper. Part of China’s restriction of American goods stems from its high tariffs.

Strangely, Wall Street CEOs and Democrats have ridiculed Mr. Trump’s call for a 45-percent tariff on Chinese products.

Their lack of vision is perplexing. America’s GDP under the Obama Administration is the most anemic in history.

Mr. Trump knows the importance of renegotiating trade policies. His two strategies for China will not cost any taxpayer money.

Short-term, tax revenue will skyrocket and would offset his proposed tax cuts. This will lead to a dramatic improvement in the nation’s GDP and will create millions of jobs by the end of Mr. Trump’s term in office.

Long-term, the prospective economic benefits are eye-opening.

Sustained economic strength

American productivity, global leadership and innovation have all been influenced by businesses that invest in research and development.

R&D will again be a factor in turbo-charging the economy as Mr. Trump erases the trade deficit.

Firstly, he will deal with China’s average 9.6 percent tariff on American products. The U.S. average tariff on imports is 3.5 percent.

Secondly, unlike Presidents Obama and Bush, Mr. Trump will penalize China over its currency manipulation.

Mr. Trump is not advocating economic isolationism. He doesn’t want economic stagnation. Nor does he want to stifle competition and consumer choices.

He’s merely calling for economic common sense for America’s future. Democrats would be better off pursuing the principles of growth, not income redistribution.

From the Coach’s Corner, here are relevant public-policy articles:

‘Dirty Little Secrets’ Trump Hasn’t Told You about Economy — Donald Trump has pushed the envelope to say the least. Many businesspeople get it. So do entrepreneurs, and millions of different demographics of voters who are angry at the economic decline of America.

Like Nobility in the Age of Kings, Ruling Class Gets Trumped — Throughout history, there have been ruling classes in every region of the world. Noteworthy in Europe were the Dark Ages in which the ruling classes dominated ordinary, hardworking folks. That’s true for 21st century America. But like the Age of Enlightenment in the 1700s, America’s ruling class in 2016 is getting trumped by a voter revolt.

Ideas to Accelerate Slowest Economic Recovery in Decades — Most voters are likely to vote their pocketbooks. So for them the positive spin on the economy by Hillary Clinton and President Barack Obama doesn’t reflect reality.

Avoiding Taxes, Apple’s Irish Strategy Apparently Backfires — The most nonsensical irony in corporate America involves Apple CEO Tim Cook’s tax strategy which has drawn fire from the European Commission. Why? It’s apparently backfiring, and is unpatriotic and shortsighted.

Scary Reasons Not to Get Giddy over the Monthly Jobs Reports — Curiously, the news media conveys optimistic stories, and Wall Street investors and others are jubilant over the 4.9 percent unemployment rate. Why? Countless Americans can’t find family wage jobs. But misleading news headlines trumpeted the meager creation of jobs instead of the sad reasons for the mediocre report.

“A conservative is a liberal who got mugged the night before.”

-Frank Rizzo


 __________

Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.





Photo courtesy Michael Elliott at www.freedigitalphotos.net


‘Dirty Little Secrets’ Trump Hasn’t Told You about Economy



Before getting into the dirty little secrets Donald Trump hasn’t mentioned about the economy, let’s get something out of the way.

We can agree Mr. Trump has been insensitive and crass, at times.

But let’s get into why.

For starters and not to minimize, Mr. Trump is a marketer – a genius at it. Moreover, he is practicing the points he advocates in his book, “The Art of the Deal.”

The strategies are explained in this Wall Street Journal interview:

So in following his blueprint for his 2016 president campaign, he has attacked, walked away, counter-punched when attacked, and when he’s won, he has been being gracious.

He comes across as arrogant in repeatedly discussing his successes. But he’s using a sales technique known as “preventing buyers’ remorse.” He has reminded people about his successes so people remember his strengths; that he’ll get the job done as president.

But is it all smoke and mirrors? Like just about any stellar politician, salesperson or marketer, Mr. Trump understands human nature. He knows he has had to tap into sufficient numbers of voter emotions in order to win.

So he has pushed the envelope; to say the least. Many businesspeople get why. So do angry entrepreneurs, and millions of different demographics of voters who are angry at the decline of America – the lowering of standards.

Marketing puffery

As a business magnate, he knows the U.S. is in so much fiscal trouble we might never solve our desperate situation. Mr. Trump engages in marketing puffery to get his urgent “Make America Great Again” message across to voters.

Sometimes he’s been relentlessly vicious as he whittled down the field of 17 Republican candidates. That included a favorite of mine whom I interviewed, Dr. Ben Carson (Q&A with Dr. Ben Carson – The Full Meal Deal with Solutions).

“There are two Donald Trumps,” says Dr. Carson.

“There’s the one you see on the stage and there’s the one who is very cerebral, sits there and considers things very carefully. You can have a very good conversation with him. That’s the Donald Trump that you’re going to start seeing more and more of,” he concludes.

Mr. Trump is the only savvy Republican who has also attracted Independents, Democrats and people who never voted before according to published polls.

So what are the dirty little secrets Mr. Trump hasn’t discussed about the economy?

Yes, he raised eyebrows about his call to surcharge foreign products.

Trump critics

His critics – political and in the media – have distorted the impacts from his advocacy for high tariffs to create a trade balance. Merely for the purpose of attacking Mr. Trump’s credibility, they have claimed consumers will pay higher prices as a result of surcharges on products made in China.

But that’s true for only the short term. Mr. Trump points out the macro economics of the issues.

He attended one of the finest finance schools in America, but he doesn’t get technically specific because Americans won’t understand his concerns. He speaks in simple, easy-to-understand terms. He learned that technique by working in the media.

He’s the only candidate to talk repeatedly about the dangers from the $19+ trillion national debt. But if we take a close look at the national debt clock (http://www.usdebtclock.org/), it’s a traumatizing experience.

“Democracy is being allowed to vote for the candidate you dislike least.”

-Robert Byrne

Mr. Trump knows dozens of nations own our treasuries in the trillions of dollars. Click on this federal government link, http://ticdata.treasury.gov/Publish/mfh.txt. It’s also a shocker.

Root causes

What are the root causes for America’s serious fiscal troubles?

Mr. Trump points out, for example, Americans are suffering reflected by the dangerously low gross domestic product (GDP) as a result of dysfunctional Obama Administration policies.

He singles out Republicans, too. Mr. Obama assumed office from Pres. George w. Bush with an $11 trillion national debt.

The GDP under Mr. Bush was also low compared to his predecessors, Presidents Bill Clinton and Ronald Reagan.

“Mr. Obama took office during a terrible financial crisis and endured a punishing recession. Unemployment peaked at 10 percent in his first term but since then, the economy has reclaimed and added 13.2 million jobs and employment is up about 10 percent,” writes Peter Morici, Ph.D.

Dr. Morici is an economist and professor at the Smith School of Business, University of Maryland, former chief economist at the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award. (See his economic forecasts.) 

He compares the Obama record to Mr. Reagan’s.

“The Gipper faced tough times too — double-digit unemployment and interest rates, and a bruising recession. Unemployment peaked at 10.8 percent but subsequently the economy added more than 17.2 million jobs and employment rose about 20 percent,” he adds.

Free trade

Presidents Obama and Bush are also advocates of free-trade policies. But free trade has killed American jobs.

China, in particular, maintains higher tariffs on U.S. products than what the U.S. imposes on Chinese imports, and manipulates the yuan. That keeps Chinese products artificially cheap and U.S. products expensive in China.

“During Obama’s tenure, the trade deficit with China has increased about $100 billion, and costs American workers some 800 thousand jobs directly – and more than 1.2 million jobs counting in those lost from those workers not spending lost wages domestically,” explains Dr. Morici.

Mr. Trump has pointed out roads, bridges and other utility infrastructures are crumbling. He’s right.

Reminders are Seattle’s natural gas pipeline explosion in March 2016 and the collapsing bridges in Washington state; and hundreds of miles away, how about the water issues in Flint, Michigan?

Flint has 14 fewer manufacturing plants, in part, because now Ford is building trucks in Mexico.

As in Michigan, in virtually in every state, there’s not enough tax revenue to fix infrastructure.

Companies aren’t increasing wages because they’re selling too few products. But they’re making profits from cutting workweeks and employee hours. Nationally, the average American workweek is only 34.5 hours.

As for the healthcare debate, ObamaCare defies logic for economic, legal and moral reasons.

Ironically, a free market – with lower premiums and better choices – would have fulfilled the original intent of the law. ObamaCare is the poster child for heavy-handed government dysfunction.

Then, there’s the destructive inversion crisis of big business. Mr. Trump wants to create jobs by incentivizing companies to stay in America, decreasing corporate tax rates, and re-building the factories.

There will be increased competition, which means lower consumer prices.

When family-wage jobs are created, Mr. Trump knows people and government agencies will have higher much revenue. In essence, he’s pushing a nationalistic message so enough American-made products are bought by a newly patriotic American society.

Certainly, there are other issues. But these are salient factors to ponder and solve.

Mr. Trump’s economic approach is closest to Mr. Reagan’s. We need a reincarnation of the Gipper’s policies.

From the Coach’s Corner, here are editor’s picks for relevant reading:

Remembering Nancy Reagan: Lesson in Fear, Negotiations and Perseverance — With the passing of former First Lady Nancy Reagan, thanks to her I have fond memories about a lesson in fear, negotiations and perseverance.

Like Nobility in the Age of Kings, Ruling Class Gets Trumped — Throughout history, there have been ruling classes in every region of the world. Noteworthy in Europe were the Dark Ages in which the ruling classes dominated ordinary, hardworking folks. That’s true for 21st century America. But like the Age of Enlightenment in the 1700s, America’s ruling class in 2016 is getting trumped by a voter revolt.

Academic Study: Rich Pay More than Their Share in Taxes — The 2016 study by the National Center for Policy Analysis reveals the current tax code is highly progressive. It’s entitled, “U.S. Inequality, Fiscal Progressivity, and Work Disincentives: An Intragenerational Accounting.”

Terror – 2 Democrat Presidents Provide Lessons for Obama — Presidents Franklin Roosevelt and John F. Kennedy, both Democrats, won wide respect for their handling of monster threats to America. Plus, both presidents did not hesitate to identify the enemies, call them out on their lies, and to take decisive action. Why President Obama’s political correctness threatens America’s free-enterprise system.

Why a 1960s’ Beatles Protest Song is Still Relevant — Have you ever wondered why British groups like The Rolling Stones, The Who and The Beatles spent so much time touring abroad? To sell music for sure, but there’s another reason: Abusive taxes.

Democracy is being allowed to vote for the candidate you dislike least.

-Robert Byrne

 __________

Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.

Like Nobility in the Age of Kings, Ruling Class Gets Trumped



Updated Feb. 29, 2016 –


Throughout history, there have been ruling classes in every region of the world. Noteworthy in Europe were the Dark Ages in which the ruling classes dominated ordinary, hardworking folks.

That’s true for 21st century America. But like the Age of Enlightenment in the 1700s, America’s ruling class in 2016 is getting trumped by a voter revolt.

From the 9th to the 15th centuries in medieval Europe, it was also called feudalism. Ruled by nobility, it was highly political just as is the case in America now.

id-100374928There were the royal bloods – land-owning families who ruled financially and socially. They were served by knights, professional soldiers, who fought the royalties’ battles.

Lords owned the land. Citizens held the land owned by the ruling class – in exchange for their crops, goods and/or labor.

Free men provided military services. If they were wealthy, they were able to afford a horse and armor, or they paid others as their substitutes to serve the monarchs.

In the late 12th century, when a French prince became King Louis VI, the knights and noble class began to amalgamate.

Heraldry became prevalent in the 13th century. Sons of knights became squires and became eligible for knighthood.

By a French Parliament ruling, un-free men couldn’t be named knights unless the king approved.

That meant more pomp and ceremony as the elite knightly class began to sport prestigious coats of arms. Jousting tournaments were all the fashion.

It was a similar situation but different in England. Knighthood was not hereditary but the knightly class did dominate.

Scottish Enlightenment

During the 1700s, a Scottish pioneer in political economic theory, Adam Smith, authored “Wealth of Nations” in which he created the terms “feudal government” and “feudal system.”

He became influential in the Scottish Enlightenment.

In essence, the Scottish Enlightenment proclaimed the value of reasoning with a rejection of unjustifiable authority by the ruling classes.

Age of Enlightenment

Also in the 18th century, French authors launched the Age of Enlightenment, in which they denigrated feudalism as the Dark Ages.

Henri de Boulainvilliers penned “Histoire des anciens Parlements de France.”  Montesquieu wrote “De L’Esprit des Lois.”

They viewed French monarchy as a duplicitous means of political gain.

Greatly influenced by Montesquieu’s philosophy regarding the need for the separation of powers, a special document was produced in 1787 — America’s Founding Fathers wrote the Constitution.

Today in America, the so-called establishment is strikingly similar to the nobility class of long ago feudalism.

On both sides of the political spectrum, they all want to maintain the status quo — their power and control.

The Republican party has its share of elites in the establishment.

In addition to career politicians who have been enriching themselves on the public’s payroll, the establishment includes Super PAC lobbyists, political consultants, and Conservative commentators who have earned their money from their commentaries.

Powerless power brokers

Many think they’re power brokers. But in their hubris, they’re learning they’re powerless in stopping the GOP frontrunner.

On Feb. 27, 2016, The New York Times named many of their names in an article, Republican Party’s Desperate Mission to Stop Donald Trump.

Mitt Romney, who ran a terrible campaign as the 2012 the Republican presidential candidate, was cited in the article calling for the defeat of Mr. Trump.

Ironically, Mr. Romney made headlines after criticizing Mr. Trump for not yet releasing his tax returns. But it was Mr. Romney who was ridiculed for delaying the release of his returns during his failed run for the White House.

Sadly, Internet ads are conducting push polls for Mr. Romney to run again in 2016.

Now that Mr. Trump has ousted former Florida Gov. Jeb Bush, Florida Sen. Marco Rubio is the establishment’s choice. But common sense would dictate anyone but Sen. Rubio.

The opportunistic, first-term senator has been disloyal to Mr. Bush, who helped get the young Rubio elected to the U.S. Senate with valuable mentoring and introductions to big donors.

But shortly after his election, it was clear the presidency was his goal.

Sen. Rubio tries to ridicule Mr. Trump on foreign policy but he has missed 60 percent of foreign policy hearings and even a higher percentage of other meetings.

Therefore, it’s easy to conclude Sen. Rubio has also been disloyal to Florida voters and the American people.

Ostensibly, the Republican establishment doesn’t have a preferred second choice.

First-term Sen. Ted Cruz recites scripture and verse but has had to fire his campaign spokesperson, Rick Tyler, after revelation of dirty tricks, which adversely impacted Dr. Ben Carson and Mr. Trump in the Iowa vote.

It can be further argued the Cruz campaign has cultural malfeasance. The Washington state Cruz campaign chairman, Graham Hunt, was forced to resign from the campaign as well as his office in the state legislature after he was caught lying about his military record.

But the establishment has other reasons to ignore Sen. Cruz’s candidacy. He has no friends in the U.S. Senate thanks to what’s often perceived as anti-social behavior.

He once labeled Sen. Majority Leader Mitch McConnell “a liar.” Sen. McConnell, who is mentioned in The New York Times article for trying stop Mr. Trump’s candidacy, is ineffective in the eyes of many voters but not necessarily a liar.

Naturally, the Democrats have their share of elitists, too.

America’s enlightenment

With Mr. Trump’s success in this election year, it’s become obvious that a large part of America is undergoing its own age of enlightenment.

For disaffected voters – the majority of the electorate – the colorful business magnate represents strong challenges to the establishment.

In opposing Mr. Trump, members of the establishment are wrapping themselves up in the American Flag – trying de-rail the Trump train for disingenuous patriotic and political reasons.

The businessman doesn’t pander to the Republican party, self-righteous Conservatives and the establishment. He’s simply a proponent of nationalism, “Make America Great Again!”

So, the salient truth is Mr. Trump’s brash populist messaging threatens the status quo, which is analogous with the monarchies of feudalism – their power and control.

Two constituencies

Essentially, Mr. Trump has two constituencies – evangelicals who want to save the country from further dysfunction and debt – and the financially maligned, voters who feel screwed by the systematic condescending by the elite.

The evangelical support is surprising. Mr. Trump has been irreverent to say the least. But evangelicals know the first priority is to save the country.

Such voters have a combative attitude. They want change.

Ohio claims they are due a president as they haven’t had one since Taft. Look at the United States, they have not had one since Lincoln.”

-Will Rogers

Mr. Trump rails against ObamaCare that’s allowed big business – hospitals and insurance companies – to benefit from limited competition. Democrat promises, such as lower premiums and retention by patients of their doctors, have proven to be false.

Businesses are suffering from awful bureaucratic and expensive burdens. Self-employed persons and college graduates who can’t find good-paying jobs and are required to buy unaffordable policies with high premiums and huge deductibles.

Big banks, despite the passage of Dodd-Frank following the Great Recession, have unlimited power. They’re swallowing up small banks and are still paying mega bonuses to executives.

However, small community banks are saddled with restrictive burdens. This makes it difficult for entrepreneurs, who can’t get business loans and can’t create jobs.

Trade policies, jobs

Mr. Trump’s call for a change in trade policies has widespread appeal for anti-establishment voters.

For example, President Obama with establishment Republican support, implemented the free-trade pact with South Korea with alarming repercussions. The trade deficit has exploded and eliminated 130,000 American jobs.

That’s just tip of the proverbial iceberg. Badly designed trade deals have eliminated 4 million American jobs.

Mr. Trump has received rave reviews in blue-collar America for his warnings about inversion – companies moving abroad. He cites a company, Carrier, which got mega federal subsidies for green initiatives only to pick up and move to Mexico.

To the dismay of the Republican establishment and liberals, Mr. Trump gained widespread approval for calling for an end to illegal immigration by building a wall between the U.S. and Mexico.

With the mounting threats of terrorism, he demands a temporary halt to the immigration of middle-eastern immigrants until adequate background checks are developed and implemented.

As a result, Mr. Trump leads Republicans in most polls.

Even a Newsday editorial, Mesmerizing toss-up in 2016 race, revealed on Feb. 26, 2016 that the paper’s poll shows him beating Hillary Clinton, 41 to 38 percent, among Long Island voters.

That’s noteworthy considering her experience from 2001 to 2009 as a U.S. senator representing New York. The last Republican to win New York was Ronald Reagan in 1984.

So if Mr. Trump continues to smash his competition, it’s for good reason. It’s time to trump the ruling class establishment, to make America great again.

From the Coach’s Corner, you can read dozens of public policy articles here.

Additional Trump articles:

If You Emulate Trump, Would You Profit? Yes and No — Yes, it’s true that many of Donald Trump’s personal, business and presidential-campaign strategies are worth copying. Much of his approach would enable you to make more profit. As you no doubt surmise, there are caveats.

Despite Cruz’s Despicable Tactics – Why Trump Will Win — The Republican race is over – if the establishment Republicans wake up and smell the coffee – and accept that Donald Trump holds the only ticket to success.

“Ohio claims they are due a president as they haven’t had one since Taft. Look at the United States, they have not had one since Lincoln.”

-Will Rogers

__________

Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.

Image courtesy TAW4 at www.freedigitalphotos.net



If You Emulate Trump, Would You Profit? Yes and No



Feb. 25, 2016 –


Yes, it’s true that many of Donald Trump’s personal, business and presidential-campaign strategies are worth copying.

Much of his approach would enable you to make more profit.

As you no doubt surmise, there are caveats. Some of his behavior isn’t to be emulated.

GOP Presidential candidate and front-runner Donald Trump – November 12, 2015


Lessons from his personal life

Let’s consider Mr. Trump’s personal life. It’s a study in contrasts.

True, he has been married multiple times. However, his ex-wives support him in his endeavors.

Three times may be a charm for Mr. Trump. He’s now married to a woman who speaks five languages and has received favorable media comments.

By any measure he’s a very successful father. His kids love him and are successful in their own lives.

He’s known for being generous with money and for being cordial with everyone he meets. Personally, I know two women who praise him for being approachable many years ago.

In one case, when the young son of a friend wanted to meet Mr. Trump during an important event in Los Angeles, the billionaire dropped everything to meet with the boy for an hour.

In another situation, an actress friend once spotted him playing playing golf. In a lighthearted manner, she interrupted him and told him she needed luck in her career, and asked: “Can I rub you like I would a genie for good luck?” He laughed and said “yes.” She got her good luck.

Lessons from his business interests

Consider his aggressive business strategies, which differ somewhat from his campaign tactics.

At his father’s knee, he learned the risks of being an apartment landlord – a very litigious arena. He went against his father’s wishes when he borrowed $1 million from him and became a commercial developer.

In being overly aggressive, he over-extended his finances. But he learned from failures.

Mr. Trump learned other lessons when four of his businesses went bankrupt. He polished his negotiating skills in landing on his feet. As a Wharton graduate, he implemented proven step-by-step solutions for a financial turnaround.

He makes a valid point in his book, The Art of the Deal – don’t be afraid of walking away from the table when the negotiation isn’t working.

After low points in his career, Mr. Trump realized he needed to accelerate his shameless self promotion for effective branding. If your business slows down, you must rebrand your business.

“Fortune favors the bold.”

-Virgil

He wrote books, leveraged the news media and in reality TV programs, and he mastered the art of being unpredictable to generate publicity.

These strategies enabled him to license his name for easy profit.

He invested in quality but never wasted money by cutting corners or taking shortcuts.

As a real estate developer, for favorable zoning and other matters, he’s courted politicians – Democrats and Republicans, alike, by making donations.

Lessons from his politics

After weighing political runs for president and governor of New York, he launched a formal presidential campaign in June, 2015.

Mr. Trump quickly demonstrated he understood the mood of his core target – voters who are angry.

He laid out positions favored by his target audience – from illegal immigration to trade and jobs.

He has been clearly comfortable with many Americans not voting for him. Mr. Trump knows how to develop a loyal following and that his opponents aren’t worth worrying about.

He used his personal principle of being unpredictable in order to outline his policies disliked by so-called progressive voters.

He was successful in branding himself (Despite Cruz’s Despicable Tactics – Why Trump Will Win).

Another branding tactic – he branded his opponents, such as calling Sen. Ted Cruz a “liar” for his frequent campaign dirty politics, and labeling former Florida Gov. Jeb Bush as “low energy.”

When former Republican candidate for president, Mitt Romney, criticized Mr. Trump for not disclosing his tax returns, The Donald returned fire:

“Mitt Romney, who was one of the dumbest and worst candidates in the history of Republican politics, is now pushing me on tax returns. Dope!”

That was illustrative of why his supporters love him – they want a fighter.

You might recall in 2012 when Mr. Romney was beating incumbent President Obama by 5 percent in the polls five months before the November election.

All summer long, Mr. Romney was bombarded with attacks from Democrats but he never once responded.

In effect, Mr. Romney allowed his adversaries to brand him as a dangerous capitalist. Nor did Mr. Romney aggressively debate Mr. Obama.

Mr. Trump may be authoritarian or narcissistic but in showing his pride for his business success, he dodges a bullet that had previously devastated Mr. Romney. No one successfully brands Mr. Trump as a monster capitalist.

Even evangelicals – from Liberty University President Jerry Falwell, Jr. to Baptist Pastor Robert Jeffress in Dallas – have been vocal in their support of Mr. Trump.

They want a strong, patriotic businessperson in the White House –as does a Christian church elder I know. His comment to me in supporting the Trump candidacy: “Let’s pray for him.”

Mr. Trump’s unfavorable poll ratings stem from his political positions and for his crass personal attacks on people like Fox News’ Megyn Kelly.

Candidly, they might work in politics. But such crass attacks should be discouraged in business. There’s a better sales strategy when tempted to bad mouth competitors.

However, as Dr. Ben Carson once told me, politics is a “cesspool” (Q&A with Dr. Ben Carson – The Full Meal Deal with Solutions).

Mr. Trump’s branding (“Make America Great Again”), his overwhelming news-media dominance, and his political positions propelled him to frontrunner status.

Moreover, his success was achieved by running the lowest-cost campaign of any candidate.

He’s demonstrated frugality in spending. It’s made possible in-part because he knows the value of leveraging the media for PR.

Mr. Trump doesn’t read from teleprompters. He speaks extemporaneously in a style that appeals to many Americans. He repeats his points in speeches. People remember what he says.

Conclusion

So know your strengths, weaknesses, and your target audience. Be frugal but don’t be afraid to invest wisely. Create and implement salient branding.

Don’t allow your competitors to brand you, and remember bad mouthing competition is not a viable option.

Finally, be bold.

Do these things; you’ll be profitable.

From the Coach’s Corner, here are links to related articles for increasing profits:

Money – Your Net Worth Matters More than What You Earn — When it comes to finance, most business owners and other individuals strive to increase their wealth to have more opportunities. The trouble with some, however, is that they focus on income and not their net worth. That means, of course, spending less than they earn.

Earn Profits via Innovation, Relationships and Local Marketing — If your company is struggling as a result of declining profits, at least three factors are responsible: The clutter of competition, management, and ever-expanding and head-scratching list of advertising options.

Companies Profit Most by Investing in Customer Engagement — Better business performance results when CEOs show leadership in providing the best-possible customer experience. That’s confirmed in a global study.

Increase Profits by Hiring Talent with the Best Trait — Enthusiasm — You’ll increase your odds for profits with high-performing employees with the right culture — if you hire for the right personality trait – enthusiastic people. That’s right. Look for people who have the makeup to being committed and who will care for the welfare of your company. You’ll increase your chances for the strongest results.

Quick Checklist for Profits You Can Implement Today — Here is a top-10 checklist for profits.

“Fortune favors the bold.”

-Virgil

__________

Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.

Despite Cruz’s Despicable Tactics – Why Trump Will Win



Updated Feb. 3, 2016 –


Donald Trump makes a valid point about Ted Cruz’s campaign tactics in Iowa.

Sen. Cruz’s dirty tricks influenced the election results just when the U.S. needs Mr. Trump’s solutions the most.

1. You might recall Sen. Cruz sent that last-minute mailer labeled as an official notice to religious voters that they were in violation of Iowa law. Later, CNN reported Iowa’s secretary of state rips Cruz over campaign mailer.

Donald_Trump_by_Gage_SkidmoreYou’ll note Mr. Cruz disgracefully tried to justify sending the bogus mailer.

2. Sen. Cruz’s supporters told participants at 1500 caucuses statewide that Dr. Ben Carson had withdrawn from the race and Cruz’s Iowa co-chair Rep. Steve King falsely stated that Carson was ‘out’.

Mr. Cruz blamed CNN as a source for the claim. But CNN’s initial report merely said Dr. Carson was taking a break, not that he was withdrawing.

After the election, Sen. Cruz did apologize for the lie. But it was too late. The damage to Mr. Trump and Dr. Carson was done.

Sen. Cruz has not taken disciplinary action on his staff. Such behavior by the Cruz camp does not reflect Christian-like behavior, as he claims to be.

On a personal note at a store recently, I overheard a middle-aged woman shouting on her cell phone while marching down an aisle.

The woman exclaimed: “Forget about that! Trump will get in there and clean the place out!”

It gave me my biggest laugh of the week. I had no idea what the woman and the other person were discussing, but I wasn’t surprised by her assertion.

Polls show many Americans are angry and frustrated – from their skyrocketing health insurance premiums and their inability to keep their doctors under ObamaCare – to stagnant wages, the $19-trillion federal debt, immigration and terrorism, and other dysfunctional foreign policies.

So as I thought about the humorous store incident, other developments and historical events, I started thinking about the 2016 presidential election.

My conclusion: Donald Trump holds the only ticket to success for our great nation.

“What?” you incredulously ask.

Agreed, Mr. Trump has been brash. At times, I wish he’d tone down the rhetoric.

However, this also means he won’t suffer the same fate as former Gov. Mitt Romney, an astute businessman, but too tepid in responding to disingenuous political attacks. Although leading President Barack Obama by 5 percentage points in the June 2012 polls, Mr. Romney lost because he failed to respond to any attacks in the ensuing months.

In addition, Mr. Romney was ostensibly defensive about his wealth. Not Mr. Trump. He sees it as a marketing strength and is known for his acerbic responses to political attacks. He crushes his opponents.

“It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first.”

-Ronald Reagan

With the overwhelming problems facing the U.S. and world, the campaigns demonstrate a lot of voters would rather cope with occasional dubious behavior from a patriotic American than a demagogic socialist as president.

They feel any of the Republican candidates would be preferable over Sen. Bernie Sanders, Sec. Hillary Clinton or any other Democrat should she be indicted.

But not necessarily in an order of priorities, here are reasons that have led to my sense of Mr. Trump’s odds for success:

1. He’s right on the salient issues. There are too many global economic geopolitical issues for any of the candidates to manage except for Mr. Trump. 

He was the first to talk about the dangerous immigration policies of the Obama Administration.

A temporary ban on immigrants is necessary. So is a wall to separate the U.S. from the drug traffickers and illegal immigrants.

The media doesn’t seem to notice several European countries, such as Sweden and the UK, are changing their tunes on Muslim immigrants. Those immigrants are straining the countries’ budgets.

Many immigrant have abused German women — just Google the keywords, “German women hurt by refugees,” and you’ll see 3 million search results.

He’s built a financial empire in New York City – the world’s No. 1 financial center. Not the least of considerations, he has a better sense of knowing how to grow the economy.

Consider the expert opinion of a widely published economist, Peter Morici, Ph.D. In an Op-Ed, “Why Trump’s Got It Right on Trade” dated Jan. 28, 2016, Dr. Morici wrote:

“Donald Trump has been savaged by economists and media aligned with establishment candidates for tough positions on trade — including a 45 percent tariff on imports to force China to the negotiating table,” wrote the economist. “Actually, he’s got it right.”

He explains further:

“Establishment Democrats and Republicans embrace free trade because it puts free markets first with benefits any decently trained economist should extoll. Unfortunately, trade with China and many nations is hardly market-driven,” he asserts. “It hurts U.S. growth and victimizes America’s families.”

Economist Morici is a business professor at the University of Maryland, former chief economist at the U.S. International Trade Commission and five-time winner of the MarketWatch best forecaster award. (See his economic analyses.)

Consider the economic data on weak consumer spending and the tepid earnings reports by many retailers, the weak numbers on manufacturing, China’s economic issues, and the low gas prices.

U.S. oil producers are going into bankruptcy because the Arab countries are flooding the marketplace with oil to dominate U.S. production for market share. The situation might worsen as a result of the horrendous Iran nuke deal pushed by President Obama that allows Iran to start selling oil again.

There’ll be dire consequences for American consumers – if there are fewer domestic producers – making it possible for foreign countries to raise oil prices and extend their monopoly.

Plus, the average American workweek is less than 35 hours per week because too few Americans are gainfully employed, and there are many other challenges.

With his $10 billion in net worth and thousands of employees, no need to elaborate further here on who is best qualified to lead America.

2. Only Mr. Trump understands retail marketing.  He’s employing classic marketing principles:

A) His campaign slogan is in the proven range of three to five words, “Make America Great Again!” Contrast that with his competitors – none has positive, memorable slogans.

B) He repeats his slogan often. For effective messaging in the 21st century, a frequency rate of five times is needed to persuade the average American.

Unlike Senators Ted Cruz and Marco Rubio, for example, Mr. Trump knows not to claim he’s the “best Conservative.”  He’s more influential by his promoting a patriotic image than it is to proclaim he’s the only candidate who can wear the label of “best Conservative.”

His rhetoric most-effectively addresses the angry emotions of most Americans. He anticipated they’d like the idea of a temporary ban on immigrants from Islamic countries to sort things out.

Also, Mr. Trump realizes he has to attract a like-minded pool of voters over economic and national-security issues. Friends have told me their liberal friends from New York to California will secretly vote for a Trump ticket.

It’s also been widely reported that he under polls because respondents to pollsters don’t always tell the truth about whom they support.

“Make America Great Again” is a simple message. Its simplicity is reminiscent of one of the most-effective, political commercials of all time.

Mr. Trump nails this emotional concept – he says he’ll save the country and will turn his companies over to his kids – voters love this.

He also has mega-media star appeal. He draws the biggest crowds of any candidate whether Democrat or Republican. At which he’s asked for autographs and members of the audience like to take selfies with him.

3. Ethics and scruples notwithstanding, Sen. Cruz and other candidates don’t understand marketing principles. With their adamant proclamation invoking the Conservative label, the candidates remind me of happened in the President Lyndon Johnson landslide of 1964.  

The Republican-ticket campaign slogan, “In your heart you know he’s right,” was too defensive.

Sen. Cruz has long been negatively branded – much like Conservative Barry Goldwater was labeled as an “extremist.”

Conversely, members of the liberal media at MSNBC or CNN never miss a chance to interview Mr. Trump. Mr. Trump instigates topics to dominate the news cycles. He hasn’t let others define him. He fights back.

4. Mr. Trump best understands the Electoral College system. It will be critical to get the maximum number of votes for each state in the Electoral College.

For a candidate to win, 270 electoral votes are required. 

In bragging he can win, there’s truth to his assertion. Mr. Trump might even be Arnold Schwarzenegger-like to win California’s 55 Electoral College votes.

Actually, with his middle-American following, he’s positioned to make inroads with the other blue states and win the critical swing states.

Aside from his dubious win in Iowa, Mr. Cruz might win Texas and its 29 votes, but little else. He’s been disappointing in claiming to be the best Conservative, but he’s abandoned core Conservative values on ethanol and farm subsidies just so he can get a few votes in Iowa.

The news video of him changing his votes on those issues made him look disingenuous and opportunistic in a negative way.

Further, no Republican has ever won the presidency without winning Ohio. Aside from Ohio Gov. John Kasich, Mr. Trump is probably the only Republican candidate who could carry blue-collar Ohio and its 23 votes.

5. All the previous Trump candidacies were merely attempts to test the waters. In previous years when I criticized him for not being a serious candidate, I didn’t believe he was committed to run.

But it occurs to me I temporarily forgot my own marketing mantra, “When in doubt – test, test and test.”  Mr. Trump tested the political marketplace for decades. He fully understands Americans’ anger and is capitalizing on it.

6. Americans love courageous, optimistic people. Patriotic voters are tired of President Obama’s apologizing for America when apologies aren’t warranted and his timidity on national security.

7. Never underestimate the value of long-life experiences. There’s a lot we can learn from history. Mr. Trump’s perspective of a 69-year-old displays a higher level of worldliness than the young candidates.

Mr. Trump’s opponents have a flawed perspective. They underestimate him. They have no idea what they’re up against.

When Mr. Trump refuted Sen. Cruz on the “New York values” issue and mentioned New York has been the home of Conservatives like William F. Buckley, it wasn’t just about defending New York.  Mr. Trump was subtlety reminding us of his vast experience and intelligence.

Mr. Trump’s rejoin was noteworthy in my eyes. In 1967 as a student journalist at Pepperdine College in Los Angeles, I interviewed the intellectual Buckley. My memory of Mr. Buckley reminds me of the value of Mr. Trump’s rich background.

The year hasn’t been made public but shortly thereafter, Mr. Trump borrowed $1 million from his father and began building his empire.

Soon, Americans were laboring in a recession, and then endured huge lines at the gas pumps and President Nixon’s wage and price controls. Undoubtedly, Mr. Trump had a tremendous wealth of experiences before some of his opponents were even born.

He was already thinking about being President – he’d already started to build his foundation of credentials for the presidency. Meantime, first-term Senators Cruz and Marco Rubio were only about 5 years old.

So it’s almost amusing that Sen. Cruz ridiculously continued to pontificate about “New York values.” Ironically, Sen. Cruz’s naiveté in belaboring it reminds me of the 1984 presidential campaign debate between former Vice President Walter Mondale and President Ronald Reagan.

“I want you to know that also I will not make age an issue of this campaign,” said the Gipper. “I am not going to exploit, for political purposes, my opponent’s youth and inexperience.”

As for the lady on the cell phone, she was right – an election of Mr. Trump will help make America great again.

From the Coach’s Corner, related reading:

Terror – 2 Democrat Presidents Provide Lessons for Obama — Presidents Franklin Roosevelt and John F. Kennedy, both Democrats, won wide respect for their handling of monster threats to America. Plus, both presidents did not hesitate to identify the enemies, call them out on their lies, and to take decisive action. Why President Obama’s political correctness threatens America’s free-enterprise system.

Are We Doing Enough to Cherish Memory of 9/11 Victims? — If we really want to cherish the memory of the 9/11 victims, we’re falling far short of the goal. Why? We’re not doing our best to prevent more victims of terrorism for two reasons.

Why a 1960s’ Beatles Protest Song is Still Relevant — Have you ever wondered why British groups like The Rolling Stones, The Who and The Beatles spent so much time touring abroad? To sell music for sure, but there’s another reason: Abusive taxes.

Trusted News Organization Blasts Obama Administration over Continuing Censorship — One of the world’s most-trusted and largest news reporting services warned about censorship imposed by the Obama Administration. It was the organization’s second warning in 2014. Ignoring the public’s right to know is a serious accusation, especially from the Associated Press.

Memorial Day: What Would Abraham Lincoln Say Today? — Memorial Day is a holiday to remember the armed forces’ men and women and why they died to protect our freedoms. What Honest Abe would say today. It’s been well documented that Abraham Lincoln is the political idol of President Barack Obama.

“It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first.”

-Ronald Reagan


 _________

Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.





Photo courtesy https://commons.wikimedia.org/wiki/File:Donald_Trump_by_Gage_Skidmore.jpg

How CEOs, Taxes and Policymakers Have Failed the U.S.



Updated March 28, 2017 –


Economic hope is one reason why the stock market and consumer confidence have soared since the election of Donald Trump.

Because of America’s precarious position, after two terms of the Obama Administration, there was the possibility of a double-dip recession.

Fourteen million Americans were unable to find a family wage job. For many available jobs, Americans lacked education and skills to meet the specific needs of employers. Some 43 million Americans have been receiving food stamps.

Until President Trump began enacting his policies, many big businesses were slow to hire. They have had healthy balance sheets after paying down debt, and they’re hoarding cash. 

ID-100123176 imagerymajesticMost small businesses haven’t had adequate credit and couldn’t expand.

Polls by the National Federation of Independent Business and other organizations showed small business owners have been angry about ObamaCare, which threatens their ability to stay in business. 

Consumers have been stunned by high food prices. Mortgage debt stresses many homeowners.

And they’re angry because of gluttonous Wall Street chicanery, and the so-called leadership in Washington hasn’t balanced the budget since the Clinton years. 

Voters want lawmakers to tackle urgent economic problems. Instead, only a minority of federal policymakers has an adequate understanding of economic-growth principles, and they have the image of acting like a ruling class at the public trough. 

The Obama Administration never produced any sound economic solutions. 

Did I leave anything out?  

Morale-busting headline 

Consumers and small business owners were angered by a Bloomberg headline: “CEOs Earned More Than U.S. Companies’ Tax Bills, Study Finds.” Incredibly, the Institute for Policy Studies issued a report divulging that 25 chief executives were paid more in 2010 than their companies actually paid in federal taxes. 

The report showed such companies averaged $1.9 billion in global profits. They include Boeing, Ebay, Cablevision Systems, and Verizon. What’s worse, while their CEOs were paid in the seven figures, some companies received government tax refunds. 

The Institute for Policy Studies’ examples: 

  • Cablevision CEO James Dolan was paid $13.2 million, but the company had a $3 million corporate income tax benefit.
  • eBay CEO John J. Donahoe received $12.4 million while his firm got $131 million in tax write-offs.
  • Verizon CEO Ivan Seidenberg was compensated $18.1 million and his company netted $705 million in tax benefits. 

The Bloomberg article also reported a study by another nonprofit group, Citizens for Tax Justice. It claimed 11 companies received $62 billion in domestic profits, but only paid a “negative 3.6 percent tax rate in 2010.” 

True, the U.S. has a high corporate tax rate, but it’s negated by countless loopholes. 

Job stimulus is anything but 

Another disturbing headline: “Study: Half of Hired Stimulus Workers Were Already Employed.” 

The Obama federal-jobs stimulus was not well-designed because the stimulus only resulted in job shifting. But that’s what’s been happening, according to the study by George Mason University. 

Even though workers have jobs, they’re hired by other firms – with the help of stimulus funds. The government led us to believe new jobs were being created, but 47.3 percent of the workers already had jobs. 

How can new consumers’ money enter and circulate in the economy, if we’re merely moving workers around?

Clearly, what needs to occur is widespread economic patriotism: 

  • The tax code has to be rewritten and simplified to eliminate the unpatriotic tax write-offs.
  • Public policy has to become productive – money for jobs and has to be invested for economic development, not wasted.
  • Voters have to elect representatives who understand basic economics and who will work for the common welfare of this great nation.
  • Parents should encourage their children to take advantage of educational opportunities when they first start school.
  • Workers should understand inertia doesn’t work – they need to adapt so that their skills match employers’ needs.

When progress is made in these areas, confidence in the free-enterprise economy will return. 

From the Coach’s Corner, here’s more: 

Federal Reserve Typifies What’s Wrong with Economy — There’s still a troubling schism in U.S. politics, monetary policy and management of the economy. The Federal Reserve keeps printing money, which risks inflation and only encourages more bad monetary policy. For another example, consider Bloomberg ‘s shocking expose: “Wall Street Aristocracy Got $1.2 Trillion in Loans from Fed.” Yes, $1.2 trillion in secrecy.

Does the Federal Reserve Understand Small Business? — To answer the question, I have a simple one-word answer: No. It appears at least one of the Federal Reserve’s 12 districts does not have a practitioner’s understanding of small business.  Small business is really the straw that stirs the drink in the nation’s ability to increase the number of jobs in this country.

Only Fiscal Sobriety Will Prevent Further Fiscal Chaos — We’re way past the deadline to demonstrate financial leadership. It’s time for economic fundamentals and teamwork focused on economic patriotism. As the world’s largest-economy, threats for a double-dip recession will only worsen unless the Unites States stops the fiscal dysfunction.

“You can always count on Americans to do the right thing — after they’ve tried everything else.”                   

 – Winston Churchill

__________

Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.





Photo courtesy of imagerymajestic at www.freedigitalphotos.net

Seattle business consultant Terry Corbell provides high-performance management services and strategies.