Archive for August, 2011

President Barack Obama is heading to Martha’s Vineyard in Massachussetts for a long awaited and well earned vacation so that he may gather his strength for the launch of his much awaited solution to America’s job crisis and the impending battle with Congress and those impudent members of the Republican Party that have chosen to listen to their constituency and failed to support his agenda of tax, spend and income redistribution.

It is unfortunate for the President that his vacation will be interrupted by members of his economic and social brain trust as they attempt to write a much vaulted and anticipated speech that the White House has promised the President will present in September to address the job crisis. A speech that will incorporate “new”ideas from the President for job creation.

As a Ceo, I find it heartening that Barack Obama has at last deigned to address the jobs issue.

In my world, jobs are created by a demand for goods and services. A simple equation really. We produce a product as efficiently as possible, after extensive research and development dollars are expended, and then bear the risk of bringing that product to market.

That risk includes incurring significant investment in marketing and distribution costs to assure that the product is available to the target market. Along the path to market jobs are created. Healthy economies and markets promote the environment for job creation.

In the world of Barack Obama, a speech berating the opposition party and those nasty millionaires and billionaires that earn above $200,000. per year, will somehow inspire Ceo’s and entrepreneurs to rush out and create jobs as if they have been waiting on the sidelines for the President to inspire them with an Olympian address.

One can only hope that within Obama’s brain trust, a whisper of common sense comes to the fore and informs the President that speeches about job creation from someone who has never created jobs in the private sector will only serve to further alienate a business community that seeks a regulatory environment that enables job creation as opposed to disabling businesses from growth. A steady hand at the helm of the government who appreciates the power of a robust free enterprise system and has the commitment and substance to allow this country to grow again is what this nation awaits.

Maybe the President will get some ideas at camp for his next job in 2013.

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