Showing posts with label free market. Show all posts
Showing posts with label free market. Show all posts

Tuesday, June 8, 2010

THE 3 C'S OF AMERICAN ECONOMIC RESURGENCE

"The history of free men is never written by chance, but by choice - their choice."   --Dwight D. Eisenhower

"Forget about the consequences of failure. Failure is only a temporary change in direction to set you straight for your next success."   -- Denis Waitley


I had the pleasure to engage in a discussion centered around faith, family and leadership with one Mr. Hughes recently. Mr. Hughes was recounting various significant events in his life, which had led him courageously to escape the restraints of segregation and to proudly serve our nation militarily before becoming a public school educator/administrator. He imparted to me the importance to every leader of embracing "the three C's: Choices, Challenges and Consequences."
 
Our Great Nation is currently gripped by the lingering effects of economic deterioration, which has led to an erosion of employment, family financial security, and confidence in government and corporate leadership.  Whether we like it or not, our Nation's economic viability relies upon the efficient interdependent workings of (1) a sound, ethical, well-financed free market economy; and (2) the local, state and national governments that regulate interstate commerce, fair competition, consumer protection and safety.
 
The free market economy depends upon the efficient flow of plentiful intellectual, human and financial capital. Excessive government regulation, taxation, and marketplace interference merely decrease the incentives for responsible entrepreneurs and corporate leaders to invest and develop (or possibly delay) new products and services.  Burdensome, unresponsive and unilateral governmental regulatory choices may create insurmountable challenges to businesses, whereupon the direct consequences may include middle- and working class job losses, and interstate/international facility relocations.
 
Clearly, government has a limited and necessary role to play in economic affairs as provided for my the Constitution's Articles. Interstate highways and waterways that facilitate the motorized conveyance of goods must be built and maintained.  Border inspection of imported foreign produce, children's toys, and vehicles must be undertaken to protect American lives.  Illegal acts, excessive pollution, and unsafe workplaces must be addressed.  But, if America is to remain the dominant world economic power whose intellectual property, manufacturing productivity, and service excellence exceed all international competitors, then elected officials and agency appointees must choose to partner with business leaders to face those challenges together, lest we mortgage our future to those self-serving nations currently acquiring our Treasury Bills.
 
In the November elections, and in the various state and federal primaries leading up to those November elections, We The People are going to register our votes in a referendum upon the imbalance between lobbyist-loving incumbents and the resurgence of freedom-loving, free market leaders who challenge those entrenched politicians. Neither Party's cronies will be spared as Independent voters makes choices grounded in fact, not swayed by mere opinion or slick 30-second advertisements. Independent voters will be focused upon unfulfilled candidate promises, upon the return of economic prosperity for the American family, upon the values underscored by faith in God. And the consequences for those foolish, fattened incumbents who choose poorly will be a one-way ticket back to the hometown...
 
TODAY'S QUESTION: What definitive economic plan have you --whether incumbent or challenger--developed and published to restore the appropriate balance between free market job creation and government regulation and taxation? [Remember: If you fail to plan, then you plan to fail.]

Wednesday, December 16, 2009

LIBERTY: FINISH THE RACE

"Concentrated power has always been the enemy of liberty."              -Ronald Reagan

"Let us be sure that those who come after will say of us in our time, that in our time we did everything that could be done. We finished the race; we kept them free; we kept the faith."                -Ronald Reagan

Many in the main-stream media will speak of the 2010 election cycle as the next significant opportunity for power to shift in government. That futuristic frame of reference ignores the more significant opportunity that citizens and elected officials have DAILY to speak up, dialogue, and take constructive action to tackle the pressing issues of our day. Today. Every day.

The state of the American economy may be one of the most pressing issues we face as a nation. Recessions occur cyclically regardless of which political party controls Congress or the Presidency, so I do not wish to devolve into a partisan finger-pointing exercise here. Alan Greenspan and Ben Bernanke have served Presidents of both parties. Unemployment lines and lost healthcare benefits deny families the fullness of the American dream in Democratic and Republican households alike. Simply, persistent economic struggles in our nation threaten our Liberty.

Economic strife is the volcano that spews forth the oppressive lava of government largesse and regulation. If we are to prevent the overreaching of federal regulation and federal financial entitlement spending, we must restore fiscal discipline to the outflow of our federal tax dollars. We must restrain the federal knee-jerk impulse to raise additional revenue through taxation. We must guard against benignly-titled legislation and programs that further restrict our free markets, free movement, and innovation.

We let our guard down as a nation when we focus too much media attention on the lingering effects of mortgage-backed securities, corporate downsizing, and bank failures. If we allow our elected officials to act on the media hysteria, we end up with new regulations, new controls, and limits on free market freedoms that kill entrepreneurship and innovation. One need only look back as far as the post-Enron media-frenzy to recognize the Sarbanes-Oxley framework that emerged from that event.

Our elected officials in every era--and especially our current era--must put partisanship aside to come together to craft fiscally-responsible, low-regulation solutions that will encourage free market entrepreneurship and innovation; reward research and development of new products and technologies; employ the hardworking men and women who welcome the workplace opportunities that full employment brings. Do not allow the mainstream media to lull our elected officials into building a Big Brother state.

Taxation, regulation, and unrestrained handouts will NOT strengthen our Nation and safeguard our Liberty.

We MUST do everything that can be done to restore our economic vitality in a responsible manner, so that those who come after us can recognize that we finished the race, kept them free, and kept our Faith.

TODAY'S QUESTION: As an elected official who represents ALL the citizens [regardless of party], can you put aside partisanship to build consensus toward restraining aimless taxation and regulation, to instead strengthen free market innovation that leads to increased employment and economic prosperity for America?