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Vote for change

October 6, 2012
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IBJ Letters To The Editor

The recession was not caused by George W. Bush. It was caused by liberal sub-prime mortgage practices at financial institutions, backed by government-sponsored Fannie Mae and Freddie Mac since 1993. The independent Federal Reserve System saved the banks, but in addition to foreclosures, millions of home values are now worth less than the mortgages owed.

Furthermore, in the past four years federal debt has been increased by $5 trillion to $16 trillion and the government is borrowing 40 percent of what it is spending. Operating with no budget agreed upon by Congress for three years, we face a “fiscal cliff” at year end. The Senate refuses to consider legislation passed by the House. Partisanship has replaced leadership.

The current administration has misspent stimulus funds, subsidized private industry bailouts and green energy failures. The first two years of Obama’s presidency with a Democratic House and Senate focused on social legislation with Obamacare and financial regulation that did not address the Fannie and Freddie problem. The Environmental Protection Agency has blocked domestic energy development, and the National Labor Relations Board has issued new rules favoring unions. The Bowles-Simpson commission and jobs council have been ignored.

The solutions are to let free enterprise produce growth, thus tax revenue, and encourage employment and capital investment, reduce regulation and uncertainty, cut excess government spending, reform the complicated tax code retaining today’s progressive “fair shares,” begin long-term fixes for Social Security and Medicare, replace Obamacare and Dodd-Frank, and vote for new management in our government Nov. 6.

The situation requires real leadership. Our nation is headed in the wrong direction with declining confidence, and toward European-style socialism and excessive public debt. It is also suffering from bloated government that interferes with individual freedom and economic growth.

Unfortunately, despite all the desirable characteristics of a democracy, one weakness is that leaders may be elected on attributes other than competence and the ability to manage on a large scale.

True leadership charts a path forward that the people involved agree to, listens to sound advisors and sets clear priorities, mediates conflict, follows up on implementation progress and modifies action plans when necessary. Decisions are timely, based on objective analysis and keep the broader goals in mind.

Effectiveness in leadership is enhanced by a reputation for honesty, ethical behavior, delegation of responsibilities, giving credit where due, actual managerial experience and a record of accomplishment.

The choice in the coming election is clear; we cannot continue to kick these important problems down the road.

--------------------

Robert Gossman,

Carmel

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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