Tag: Small business

Promoted from the Ricochet Member Feed by Editors Created with Sketch. The “R Word” Is Here and Now

 

recessionAs politicos focused on South Carolina and Nevada, my company was running a weekend roundtable for business owners, where we train and break bread with real people facing real challenges due to the real economy. These people aren’t statistics. They aren’t categorized or sliced and diced into compartments that make up an axis on some government chart. The employees they have laid off don’t consider themselves as U3, U6, or U12. They are real people with real families and real bills.

It is not news that many sophisticated business owners consider the “recovery” weak, at best, and think the economy is most likely in recession. While the equity markets bounce around like a beach ball in the stands of a sporting event, the real fundamentals are causing pause for even the most bullish among us. Now Bloomberg Business reports that recession is already here in several states.

The U.S. States Where Recession Is Already a Reality

Promoted from the Ricochet Member Feed by Editors Created with Sketch. ICYMI: The Economy Was Just Restructured

 

capital buildingIn recent years the iconic Capitol building has been draped in scaffolding due to a needed restoration, the first improvements since 1959-1960 to the symbol of American democracy. From afar the dome has always appeared to be a brilliant beacon conveying American exceptionalism. On a closer look, behind the countless coats of paint and patchwork, the age and weather have taken its toll. The repairs to preserve the dome will allow the Capitol to continue to shine for future generations.

For denizens of and visitors to Washington, DC, or news junkies who see the scaffolding in the digital backgrounds of daily newscasts, it’s a stark visual reminder that America itself is under reconstruction. The national “restoration” project is now in its seventh year. The steward of America’s reconstruction is perhaps the most successful President we’ve seen in our lifetimes, if you define success as achieving an agenda.

Historically, the final two years of a two-term Presidency have been the least effective time, filled with scandals and voter apathy. The “lame duck” is simply a placeholder while the country moves its attention to his replacement in the oval office. For this reason, lame ducks can be dangerous. They are old news. The press focuses on shinier, red-hat covered wayward tresses.

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You’ve probably noticed how the employee-recommends section of your local Barnes & Noble invariably features some conservative manifesto like End Of Discussion by Mary Katharine Ham and Guy Benson or Hayek’s The Road To Serfdom. Or maybe you’re familiar with walking into a coffee shop tastefully appointed with posters of Reagan and Thatcher and dog-eared copies of National Review resting […]

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Along with a laundry list of other tax increases, President Obama will reportedly recommend ending the tax code provision called “stepped up basis” Most of us would rather have a root canal than think about the tax code, but this is an extremely harmful change for the parts of the economy that work with real […]

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