There is a fear - with some justification - among the business community that an Obama presidency with a Democratic Congress will result in more regulation and anti-business laws.
Business interests should ABSOLUTELY NOT be concerned about Obama's business stance.
Here's why: Businesses create jobs and we need more jobs in our country. That means that we need businesses to do well.
In order for businesses to do well markets must function effectively and fairly. To function effectively, markets require stability, transparency and fairness. And, to get better levels of those qualities, markets require effective regulation.
It is no secret that the past eight years has seen a tilting of markets in favor of established interests, away from effective regulation and toward harming the less powerful.
The USA needs to restore a more fair balance of interests in markets. After all, if consumers and investors do not trust businesses - and the polls show that is the case today - then businesses will do less well.
Bottom line is this: businesses need consumers who can afford to buy products.
Business interests should applaud and support any Obama initiatives which level the playing field and provide more stable market environments. It is in their self-interest to do so.
Monday, June 16, 2008
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