Posted on 06/04/2012 6:02:50 AM PDT by C. Edmund Wright
As Barack Obama leaves the White House on January 20, 2013 -- as I suspect he will -- do not be surprised if he leaves just about dead even on job loss/creation for his term officially. I mean literal net/net. Huh? Yes he can! In fact, he's halfway there already. Consider: out in the real world -- outside Washington, D.C power and Manhattan's esoteric hedge/arbitrage/derivative bubble -- business owners realize what is going on, and the best of them pounce on reality-based opportunities -- or crises -- the minute these become evident. They instantly adjust how they build or service or distribute their thingamajigs without the rigamorole of inaugurations and such. And a quick check of the calendar shows us that in a full one-term presidential cycle, there is nearly a half year's business of lame duck time coming and going. And that half-year includes the most crucial time for many businesses.
(Excerpt) Read more at americanthinker.com ...
From your lips to God's ear ...
Regarding your net/net job loss/creation prediction, I was very skeptical. Until I read the article fully and realized you actually mean by January 20, 2013, and AFTER November 6, 2012, not before. I agree.
If the election thesis holds, the other half will come when Atlas gets back into the game between November 6, 2012 and January 20, 2013. During those 75 days -- while the media is wringing hands and the financial pundits are lost in their haze of conventional wisdom -- entrepreneurs will be busy. They won't need to know the details of "new policy" then any more than they needed to know them back in late '08. They will smell the opportunity.
I own a business, and that's precisely what I'll be doing. My business has gone from 80 employees to 16. I sold off real estate and prepared to just survive. Survive is what I've done.
I'm not so sure I won't make a move to expand when it becomes apparent the WON will go down to defeat, before the verdict in November.
Yes, one nuance I did not flesh out in the article is the downward activity that happened prior to election day in 2008 but when it became clear O was going to win - and the counter positive activity that will start before election day this year if it is indeed clear Obama is going down. In fact, I think some of that has already started, which would be a bit premature IMO.
But your point is well taken and I opted not to get into all of that for purposes of length.
I read the article again. It’s spot on.
Just to add to your thesis, I have taken issue many times with the conventional wisdom that somehow “big business” is bad and “small business” is good. As I’d wager you are aware, businesses don’t get larger because of greed, they get larger out of a desire to protect territories, and to achieve scale economies-lowered costs per unit.
The end result is that Wal Mart, of course, has lower prices than Fred’s General Store. The consumer is the ultimate winner of “big business” becoming big.
My expansion will be because of the latter motivation, if I don’t move into this particular market that I plan to move into, then my competitor may go there first. This is why, as you say, entrepreneurs have to “look around the corner”, and many will begin gambling soon that Obama will lose. It’s what we do. We gamble.
You are right about big and small biz - and I’d another point to your thesis on that: many small businesses are vendors, contractors, suppliers for big businesses primarily. Another reason big biz is not bad.
When big biz is bad is when they get in bed with big government. THEN they are BOTH BAD. Crony capitalism is the opposite of free market capitalism....
Enjoyed the chat, you seem to know more about biz reality than a lot of folks.
I hear that statement over and over on tv by pro-Obama supporters. Is the statement true?
1. Where can I see the list on the internet?
2. What research company put out the list? Is it a trustworthy research company? Did a government agency put out the list?
3. What were the top 5 states in creating jobs during Romney's time as governor of Massachusetts?
4. What were the 3 states under Massachusetts if Massachusetts was ranked 47?
5. Massachusetts unemployment was 4 to 5% under Romney, as I understand it.
6. Where did Massachusetts rank in unemployment under Romney?
7. Was Massachusetts also ranked 47 in the unemployment list with its 4 to 5% unemployment rate, or was it ranked higher? Thanks for your help.
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