I have said that the #1 threat to American business is nuclear war. But the chance of that is very small. The second biggest threat to business is government. The chance of that is 100%. Business will adjust to any change, but not without some casualties. Its when government makes a lot of sudden, big changes that business, and the people, suffer until business can adjust. So far, business is still behind the power curve created by all of the new rules, including ObamaCare. So my general advice to Congress is to make changes slowly, send clean bills to a recorded vote and send the bills to the president for signature or veto. Get everyone on record. Second advice is to use the Clinton method of stealing the other parties political points to give them fewer planks to run on next time. In particular, right out of the gate, a gradual phase in of minimum wage bill (heresy!). Dems have to vote for it, Obama has to sign it, and Repubs get the credit. There will be casualties,both individuals and businesses. But business will adjust!
Posted on: Wed, 05 Nov 2014 20:00:09 +0000
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