9/26 Obama vs. McCain, Presidential Debate 1, Summary and Analysis, Stop Blaming Corporate America

We are carefully rummaging through the debate at this time and have so far come to the conclusion that little was said in the first round that was all that interesting.  With further analysis, we may be proven wrong, and there could be key items we are missing, so we will try carefully to glean the important points as we watch more closely.

It appears to us that both candidates in this debate spoke of the central problem (which is the economy) with hyperbole and promises rather than practical solutions and explanations.  Neither man gave us the warm feeling in this presentation that they knew how to pay for their programs or tax cuts or how to exactly target our problems.  Obama said he did, but he still didn’t say how other than to say he is going to close loopholes and tax people that make over $250,000.  John didn’t say at all but at least has an energy plan that could work which, if effective, could reverse the trade deficit over time.

We are broke guys.  We have no money.  We cannot promise things to Americans we don’t have.  Got it?

Get America on board!!  Stop pandering to us.  We want a program that treats America as though it were a business.  A responsible business certainly, that cares about its employees and benefits those that work for it.  McCain did speak of rewarding those that perform and holding those accountable that do not.

Overall, we, America, want to make a profit.  Got it?  No more deficits.  No more tax cuts. No more short term solutions that make you look good but that cost billions of dollars we do not have.

Make it freakin’ work again.  Make what work?  America.  Americans will come to the rescue for that kind of plan.  One they can understand.  Make a plan that makes the United States a “profitable” nation so we can build our own Dubai on chump change!!!

Get off the pulpit for a minute and think.  Think like the CEO’s Obama criticizes without giving any thought about all the absolutely phenomenal CEOs that have made this nation great!!  Lee Iacocca, Bill Gates, Steven Jobs, the list goes on and on.  These men either are paid well or were, but they are greats and people to remember for their accomplishments and legacy.  McCain and Obama have made the critical mistake of making the C in CEO stand for criminal.  But every entrepreneur, like Bill Gates or Henry Ford in his garage, has the potential in the US of becoming great.  And there are many fewer criminal CEO’s like Ron Skates of Data General, Dennis Kozlowski of Tyco and Executives of Enron than there are greats and heroes.  The bad seeds exist, but corporate America is huge, and for every low life thief, there are thousands of hard working dreamers and achievers that made their lives and companies into something great.  Blaming every CEO for the wayward few is like blaming our Sun in the billions of stars in the Milky Way for being warm and contributing to Intergalactic warming!

There appears to be a scapegoat game going on, in an attempt to place the culpability at corporate America’s feet for our problems!!  You say you care about middle class America, but there are many aspiring businessmen in the middle class that hope to grow their business and hope to some day make it to Wall Street as a legitimate public company.  Do they want to benefit from their work?  Yes, of course they do!!  Wouldn’t anyone?

Corporate America (Wall Street) is not the criminal; it is a stupid concept.  Don’t many of us, if not most of us, work for public companies?  We are Wall Street?  Main Street is Wall Street or at least they have a major intersection where they flow into each other.  Get it?

Given the latest requirements for oversight on companies, including “Sarbanes Oxley“, many small companies are going bankrupt, and leading companies like Open Pages, Inc, have grown at an astronomical rate, benefiting from demand for software that provides the automation for tracking accountability and corporate controls.  How can two men say how bad governance is, when the fact is that these laws, in come cases, are so stringent, they have placed some small companies out of business due to the expense of the accounting alone, and others have had to severely delay financial reports due to new laws regarding how they report? (See Broadcom, Marvel Communications, etc.).

We are not saying that better governance and regulations won’t help.  We are saying that it tends to fall the hardest on companies that are new and trying to thrive in today’s economy.  So, while Senator  Obama thinks that imposing more regulation is a good thing to protect America, in turn, he has to think about the impact of Sarbanes Oxley on a huge number of small companies that, like so many, are on the brink of success or failure.  Many failed as a result of the cost of more stringent regulation, so you could be damaging the very middle class you claim to be supporting.

Corporate America and its CEOs in general are heroes.  They are men that made it in the battle to forge a successful business.  Some are rogue, but it is not the balance.   Someone has to realize and stand up and ask, if you put Corporate America and its CEO’s out of business by treating them all as criminals, who picks up the slack?  Because they, gentlemen, are making the bulk of the private sector jobs, not you.

Right now, stop your NIMBY policies and the corporate hatred.  Make heroes out of US corporations and honor those that have been successful.  Then they will have an incentive to help us build a better America.  If you continue to chastise them and alienate them, they will continue to seek a way out of the US into other more favorable environments.

Your problems are huge, but Corporate America did not cause it.  Alan Greenspan with his bubble causing interest rates caused this problem combined with a short sighted dependency on foreign oil.  American policies of indefinite spending and deficits caused this problem.  Allowing ourselves to depend on other nations for our primary needs caused this problem.  No more blaming our best achievers in America.  No more making promises that cost billions while we wallow in debt.  No more denying that we consume vastly more resources than we generate, when we need to generate more and consume less.

We cannot consume 24% of the world’s oil and generate a small fraction of that and hope to survive economically.  We have enough resources here to provide all our needs, but we need to take the less ideal path for the short term to deliver the ideal path for the long term.  Energy independence is required as quickly as possible any way we can achieve it, followed by a nation that strives for ecological gains.  We cannot afford the reverse; it will surely put us in the poorhouse.

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We will be back for more after a closer review of the debate content…

Full Schedule of the debates here.

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