Creating Jobs Is A Political Target; Creating Products Is A Business Target - Page 3
Governments follow this principle and do not look rigorously at costs to try to control its programs. Politicians promise whatever they think will elect them. Some promises they keep by taxing to get income, others they ignore, and once elected, they tax to spend on projects they think might keep them in office.
When will the public get it and understand every promise from government requires funding and ultimately the only source is business, you, and me! Always remember, the more we ask government to do, the more taxes we must pay.
Bottom Line Principle
In contrast, business does not have the luxury of reckless spending, without accountability. Although some CEOs behave as if they do, ultimately, business must provide an acceptable return to its shareholders. Yearly, CEOs must face shareholders and answer questions about their performance. Many changes are needed to make CEOs more accountable, but just as it is, there is meaningful accountability; particularly with publicly listed corporations.
The present job creation discussions with the President and Congress will go nowhere. They need education about how business creates jobs, not from union leaders, but from people who create jobs--current and former business leaders. Meanwhile, there will be much talk, finger-pointing, business bashing, while unemployment remains high, and economic growth continues to be stagnant or anemic. God, help us!