Tuesday, October 12, 2010

Economic Growth or Quick Profits: Pick One

Do you want jobs growth and healthy medium-to-long term economic growth or do you want to see high quarterly profits on Wall Street and hefty bonuses for financial players?
Pay on Wall Street is on pace to break a record high for a second consecutive year, according to a study conducted by The Wall Street Journal.
The Wall Street journal says about three dozen Wall Street securities and investment firms are set to pay a record $144 Billion in compensation and benefits this year. 

Meanwhile, the minority party in the U.S. Senate employs back room tactics to stall and stop sensible measures to improve the business climate for small businesses (full disclosure: I operate a small business), create short, medium and longterm jobs, reward the efforts of entrepreneurs, increase revenues to benefit the common good at the local, state and national level, hold cheats and lawbreakers accountable for the damage they do to taxpayers and wind down the payments we make for energy to greedy and/or hostile foreign entities.

If we put more Republicans in the US House and Senate, they have, as a class, promised to do much more of many of the things that got us into this mess. If we increase the number of Democrats in the House and Senate, they have promised to get on with the painstaking, longterm work of rebuilding a sustainable economy for the American people. That's not a tough choice for me.

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