So it’s McCain versus
The polls say the
economy is the most important issue for American voters. It therefore ironic
that they have picked as Presidential candidates a man who admits he knows
nothing about economics and a man who appears to know nothing about economics.
There are, of course,
other important issues in the election, like Iraq and abortion, but it is vital
for us, as entrepreneurs, that someone pins these two men down to some sensible
At the moment, both
are talking as if they are living on some other planet where there is no recession,
no energy crisis, and no Federal deficit.
So here are the
questions both should be made to answer, or at least consider seriously:
1 How will your policies increase global
2 Are you going to do anything serious – as
opposed to talk airily about “alternative sources” – concerning the energy
3 How will you cut regulatory burdens to make
American industry more competitive?
4 How will your taxing and spending plans
reduce Federal borrowing?
5 How will you reduce the costs of employing
people in America so that new jobs will be located in the USA rather than
6 How will you target any tax cuts so that the
money is more likely to be invested in future business growth?
At the moment, all the
talk is of more spending, more taxing, more Federal borrowing, more burdens on
business, increased costs of employing people, and attacks on free trade – everything,
in fact, that might prolong a recession or turn it into something worse.