Responses - The Change In Mindset Choice

Below are two excellent comments that add to the subject message. The first presents other mindset points & is from our Financial VP who works in NYC on Wall Street & the second is from our SC businessman who presents words of wisdom, not meant for today, from the most unlikely source possible.

---Other Mindset Points---

Hi Doug - Great topic – mindset. I wanted to respond to your recent post directly on the blog but looks like I am blocked from work. Please add this below.

Doug's proposed measures will also impact a second critical mindset – one belonging to our primary job creators – entrepreneurs, investors, & private corporations.

At present, our corporations possess approximately $2 trillion in cash or quick liquid assets; this is near a 40 year high for ratio to GDP. Their current mindset is: Why invest in an extremely business hostile environment? We have to contend with Dodd Frank, ObamaCare, 40% increase in our debt last 2 ½ years, 12% US dollar decline, US support for Brazil oil drilling while disallowing ours in contempt of court, EPA implementation of Cap n Trade, and the most blatant – Government attempt, via NLRB, to mandate how and where our leading exporter (Boeing) can expand.

Two specific proposals – "cut, cap, & balance" and the FairTax, if implemented, will quickly change this mindset. The former will shift available resources from the wasteful public sector to the private. The latter's 0% federal corporate tax will position the U.S. immediately as a haven for global venture capitalists, all while being revenue neutral, & progressive via prebates to low income earners. Elimination of IRS and projected $430 billion annual savings to the economy, will also add finally again to a business friendly – I want to invest in the U.S. mindset.

---Quote Not Intended For Today---

"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

Senator Barack H. Obama, March 20, 2006