Lost Our Imagination?

Are you kidding me? How the  president could stand before a national  audience and espouse ridiculous assaults on the people of this nation is beyond comprehension. We have not lost our imagination or desire to succeed.  It’s that the government and the judiciary system in this country that makes it so difficult that the process is slowed and the cost so high that companies are looking elsewhere to create the next generation of leading edge products.

As we have all heard about the so called global economy. To remain competitive in a global economy, we must be competitive with those with whom  we compete. We know the labor cost is higher here and not many of us would support lowering wages.  So what do we do?

Well, we might look at the other elements of our system that put pressure on global competitiveness. Number one has to be the judicial system.  Nowhere else in the  world are there as many lawyers, lawsuits and regulations that are designed and controlled by lawyers to the detriment of all of us. Until we change our legal system to make it more like other countries with similar risks, cost and balance, we will never  be competitive. Never.

Regulation has to be number two. When the president talked about building the golden gate bridge, hoover damn or other immense tasks untaken by the American people in the last century, he did not consider the mountains of regulatory hurdles that would have to be overcome today.  It would take longer  to acquire the necessary permits to build something as monumental as the Bay Bridge or Hoover Dam than it took to complete the projects then during the depression with depression era technology. 

No, we have not lost our imagination, what we have lost is our ability to compete with countries where the rules of engagement make if far less costly and with less risk than that which exists in the United States today.

If you want to create jobs, then you must understand that government can only create government jobs.  Businesses do not create jobs for any  reason other than the fact that they need people to help them produce and/or  deliver a product or service. Offering tax incentives to small business for the creation of jobs alone will not have a significant impact because regardless of the incentive, unless the company needs addition personnel, they are not going to hire. If they do need additional employees, it’s because they have a market for their product or service at a competitive price, and in that case, they will hire with or without incentives.

The best way to create jobs is for government to help create an environment where American companies can compete on a global level.  To do that, it must roll back the heavy handed regulation that are stagnating growth and create a legal system that is fair for everyone and not just the trial lawyers.  It really is that simple.