Obama could spur re­cov­ery by eas­ing up on busi­nesses

Austin American-Statesman - - BALANCED VIEWS - FROM THE RIGHT Mon­day Tues­day Wed­nes­day Thurs­day Rush is the au­thor of“class Tax, Mass Tax.” This was writ­ten for Mcclatchy-tri­bune News Ser­vice. Fri­day Satur­day Sun­day

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elec­tion is his­tory and busi­nesses across Amer­ica know who will lead the coun­try for the next four years.

But will the tone of the sec­ond term be as harsh and de­mean­ing about busi­nesses and the peo­ple who run them or will Pres­i­dent Barack Obama fi­nally re­al­ize that Amer­i­can free en­ter­prise is the force that makes the coun­try strong and pros­per­ous?

From a busi­nessper­son’s per­spec­tive, peo­ple who run Washington sim­ply don’t un­der­stand the ba­sic eco­nom­ics that ev­ery per­son who has ever run a com­pany, large or small, must live by — rev­enue must ex­ceed ex­pense or you are out of busi­ness.

Only in government do the eco­nomic laws ex­ist in the state of sus­pended an­i­ma­tion un­til the prover­bial shoe drops as it is now do­ing in Greece and other parts of Europe.

How­ever, the real test for this ad­min­is­tra­tion is to rec­og­nize that busi­ness­peo­ple are not evil, greedy Ebenezer Scrooges ex­ploit­ing their work­ers to squeeze the last drop of blood from them.

Amer­i­can busi­nesses, big and small, care about their work­ers. Small busi­nesses must com­pete for work­ers. Dur­ing the depths of the re­ces­sion, it was the owner who was the last to get paid, if he or she got paid at all, be­cause keep­ing good em­ploy­ees is good busi­ness.

All the cur­rent noise about rais­ing taxes, pun­ish­ing success, im­pos­ing new man­dates and reg­u­la­tions scare us. How can I sign a 10-year lease on of­fce space or a fac­tory build­ing when the rules of the game are go­ing to be changed? How can one hire new peo­ple if taxes and fees dou­ble the cost of the hire?

Amer­i­can busi­ness peo­ple are op­ti­mistic risk tak­ers. If we were not, we would have gone into government. Most busi­nesses’ main in­ter­ac­tion with government is paying taxes.

Government doesn’t help them suc­ceed but rather only erects bar­ri­ers to over­come.

The cost of government taxes and reg­u­la­tions are part of the over­head of a busi­ness. The greater the cost of the government over­head, the fewer peo­ple a busi­ness can hire.

The ma­jor chal­lenge for Obama is to re­al­ize there is lit­tle he can do to help the av­er­age busi­ness in our coun­try.

We don’t want more loans be­cause debt does not equal profit. We want to make a profit so that we can in­vest to grow our busi­nesses or re­ward our em­ploy­ees and our­selves for suc­cess­fully tak­ing on the chal­lenges and un­cer­tainty of busi­ness.

Kath­leen Parker

David Brooks

Ross Douthat

Ramesh Ponnuru

We also would wel­come a lit­tle re­spect for the long hours we put in with­out any guar­an­tees of re­ward. We would ap­pre­ci­ate some com­mon sense on reg­u­la­tion where ab­so­lutes can’t ap­ply but cost-ben­e­fit anal­y­sis makes sense.

To have the coun­try be­gin grow­ing again, the busi­ness sec­tor must be vi­brant and healthy.

Peo­ple must be will­ing to risk ev­ery­thing to reach the Amer­i­can dream of mak­ing your chil­dren bet­ter off than you were.

It’s about cre­at­ing where noth­ing ex­isted. It’s about build­ing wealth and defin­ing the fu­ture.

When we look at the po­lit­i­cal class, we want them to de­liver a safe, se­cure en­vi­ron­ment to al­low us to make our plans.

The old Soviet Union am­ply demon­strates that politi­cians can­not run the econ­omy. Obama and the po­lit­i­cal class can­not be­lieve they have the an­swers. Po­lit­i­cal spend­ing is al­ways less ef­f­cient that pri­vate spend­ing be­cause it is other peo­ple’s money.

Our pres­i­dent needs to cheer on the dream­ers and the risk tak­ers. He needs to stop fright­en­ing away in­no­va­tion with rhetoric com­mon to col­lege cam­puses in the 1960s.

He should be hop­ing to cre­ate a mil­lion new mil­lion­aires whose good ideas and hard work have cre­ated 10 mil­lion new jobs.

While Obama may not be­lieve Calvin Coolidge’s com­ment about the busi­ness of Amer­ica is busi­ness — it is the myr­iad small and big dream­ers who con­tinue to make Amer­ica the uniquely great coun­try that it is.

Amity Shlaes Charles Krautham­mer

Ge­orge Will

Parker will re­turn.

Jac­que­lyn Martin / ap

Pres­i­dent Barack Obama and the coun­try’s busi­ness com­mu­nity have largely been locked in an ad­ver­sar­ial re­la­tion­ship dur­ing his first term. Will that con­tinue in his sec­ond term?

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