Monday, October 25, 2010

When will the Economy Improve

I just had a meeting with a client who owns a Gift Shop in the beach resort area. He is really getting concerned about his business because he is seeing a great deal of foot traffic in his store, but customers just aren't spending. I explained to him that I really feel that customers are just concerned about the future and they simply don't know what to expect. I really believe that the election next week will either be a time for improved consumer confidence or it will be the last few nails in the coffin of our struggling economy. We need to elect people who are going to bring some common sense to Washington and stop looking at there service as job security. We need to send members who will go to Washington and put a stop to the reckless spending and start to bring back some common sense principles that this country was founded on. It is nuts that 40+% of Americans are getting some form of social assistance. We need to stop looking for a handout and get to work with our hands to build something for our future. We cannot look to government to solve our problems, as Ronald Reagan said, government is the problem.

I want to be able to tell my clients that it's going to improve, but we all need to take some responsibility and pull ourselves out of the ditch. We need a tax structure which rewards innovation and persistence and a tax structure which does not penalize the top performers. As a father of two young boys, I don't want my children to grow up in a bankrupt country, but if we don't make some changes soon, we are going to be out of luck.

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