Finally, we have some good news for investors. Robert Herz has resigned from the FASB (Financial Accounting Standards Board). Why is that important? He and his cronies were responsible for pushing the economy off the cliff with their experimental mark-to-market regulations that made it impossible to bring companies like Lehman and AIG back from the brink. The repeal of mark-to-market in 2009 was the single biggest factor in the recovery we've seen in both the stock and bond markets. This is part of the Political Common Sense for America series.
Tuesday, September 28, 2010
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It occurs to me that if this Party is to be about Mr. Franklin's values, in whole or in part, that his business views might very well serve as a guide, perhaps a simple blueprint for success for our economy. It is very true that at one point, the phrase, "The Pursuit of...etc., included the "pursuit of wealth" in it's phrasing, though like many would-be ideals, it was set aside, along with a great many good intentioned goals and additions, like the ending of slavery for the sake of inclusion of all the colonies.
ReplyDeleteThough government and business are not always identical (in some ideologies, the lines are more blurred than others, or so I am told), a clear outline of the party's stance on business practices, ethics, and it's relationship to the governing of our nation must be considered as an item on the agenda of the party, or we risk a gap sufficiently wide that fascism and socialism may just as well live in our House (and Senate). Though, like any ethical man, I am not averse to free discussion and free press, I have a strong distaste for the present practice of the Democratic Socialists of using the Democratic Party as their face to America, along with a great number of other parties of Socialist and Communist nature riding that same horse.
Our views must be so clear, that one can never mistake the sickle for the printing press, if you will. It is not a difficult task, but left undone, we face an infiltration issue just as dire as that of the colony loyalists vs. colonial rebels. Neither side seems willing to wear the uniform for fear of raising the ire of his neighbors.
Are our ethics so timid that we must avoid a stance for fear of condemnation of those lacking those same ethics, or even fearing those ethical standards?
I call on us to create such a "business plan", a vision for this countries economic future firmly rooted in it's past and what has made it successful throughout it's history.
The best of us at this task should apply themselves to this, or other tasks as we order them in agenda, nominated by their peers.