ross perot

Where have you gone, Ross Perot?

Where have you gone, Ross Perot?

I miss Ross Perot.

I realize he was a wacky billionaire (we have one of those) with big ears (does big hair count?).  But he was driven by integrity and passion for his primary motivation of balancing our budget and improving the finances of the country so his grandchildren did not have to pay for the excesses of his and following generations.  His focus on this issue was the catalyst for allowing our budget to be balanced at the close of the 20th century.  

Returning to the present day, the fundamental irresponsibility of the Democrat and Republican Parties is that they have no regard for future generations.  Plus they have no regard for the primary drivers of growth to fund their irresponsibility.  

Where does economic growth come from?  Primarily from people who have an inspiration to apply innovative technologies and processes into new industries.  

As an Active Investor, there is not a current political party that supports our interests so don’t allow yourself to be taken in by their “Pro-Business” Siren songs.

The Democrats and Republicans have been funneling our money to large publicly traded companies.  The financial companies that received the bulk of this support ($1.4 trillion directly plus a monumental $13 trillion in guarantees) have been improving their fee income, shoring up their balance sheets and, to the extent that they actually lend money, they lent money to other publicly traded companies who dutifully used the low interest loans to manipulate their share prices through stock repurchases.

Why are we wondering why we are in a low or no growth environment?  We have provided funding to the most financially irresponsible businesses in the history of the earth.  What they did not keep for themselves, they lent to the corporate communists who run the large publicly traded companies.  Now that we tried that plan and know it does not work, we need another plan.

The general consensus is that small businesses provide most of the job growth in this country.  The more accurate statement is that newly formed small businesses account for most of the job growth in this country.

What do you need to start a newly formed small business?

First, you need some optimism – optimism that better results can be achieved in the future

Second, you need innovative technologies and processes.

Third, you need people with energy and drive.

Fourth, you need the government to support newly formed businesses (and Active Investors in them) plus protect them from existing businesses and onerous regulations

Fifth, you need financial and human capital that is comfortable taking on potentially risky ventures.

I am sure there are more but these are a good start to identifying the environment we need to support a growth economy fueled by Active Investors.

What else do you think we need?

In future posts, I will explore some of the specific policies that will support Active Investors driving us into the 21st century.

Known as the Business Godfather, Chris Koomey started his first business when he was 19 and since then has opened up businesses and helped others open up and grow business as a business owner, business consultant and business attorney. Chris helps growing businesses in fields ranging from education to technology. Chris graduated from the Marshall Wythe School of Law at the College of William and Mary after receiving BA & MA degrees from the University of Chicago and an MS degree from George Mason University. Business Godfather, LLC was established in 2012 to bring together all the aspects of Chris's experience and background.