Small Business is the engine of the economy. As a small business owner I felt immense pride and even greater responsibility. The paychecks our employees took home paid for their food, shelter and family needs. The health care we provided took care of not just them, but their spouses and children. The services and equipment we purchased and advertising dollars we spent were spread throughout the economy helping even more families and friends and neighbors.
If I’ve said it once, I’ve said it hundreds of times… one of the main problems in Washington is that very few of these jokers have ever run a business or made a payroll. They’ve never understood the responsibility. They’ve never had to decide to bring less money home in order to invest more in the company (or just make rent). They’ve never dealt with the ridiculous burdensome requirements imposed by monthly tax payments, quarterly filings or annual reports. They’ve never woken up and realized that they were spending their days complying with government regulations and red tape instead of growing the business they once loved.
As I heard B.J. Lawson once say, “there’s such a difference between signing the front of the paycheck and the back of the paycheck.”
So it shouldn’t come as a surprise to anyone that Tax Cheat Tim Geithner has never run a business, nor held a “real job”. In Washington that makes him the most qualified person in the country to be the President’s “principal economic advisor” and run the U.S. Treasury Department. But anyone with common sense knows otherwise.
Read the job description. Does it sound like the position should be filled by someone who has never held a real job or had any experience growing a business or making a payroll? Is it any wonder how removed Washington policies are from their real world effects?
The Secretary of the Treasury is the principal economic advisor to the President and plays a critical role in policy-making by bringing an economic and government financial policy perspective to issues facing the government. The Secretary is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies that have general significance for the economy, and managing the public debt. The Secretary oversees the activities of the Department in carrying out its major law enforcement responsibilities; in serving as the financial agent for the United States Government; and in manufacturing coins and currency.
The Chief Financial Officer of the government, the Secretary serves as Chairman Pro Tempore of the President’s Economic Policy Council, Chairman of the Boards and Managing Trustee of the Social Security and Medicare Trust Funds, and as U.S. Governor of the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, and the European Bank for Reconstruction and Development.
The private sector looks at requisite experience, knowledge and proven ability when assessing job applicants. In Washington they just look for people who’ve been in Washington. Not that it should surprise anyone… less than 10% of Obama’s cabinet has any private sector experience at all.
The economy is in the tank. The tax code is a burdensome joke. The deficit and debt are destroying our prosperity. ObamaCare will destroy the best health care system in the world. Cap & Trade is going to break the back of business. And the financial bill proposals will continue to prop up the bad actors while closing doors to smaller companies and market newcomers. Virtually everything Washington does is destructive to our economy and small business. When one of the most powerful men in the world admits he has no real world experience, does anyone wonder why?
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