I received this as a “joke” email today from a friend that is quite conservative in his political beliefs. I thought it was a unique commentary on the state of our nation. I find it refreshing that this email doesn’t blame President Obama for the solid state of the economy but instead is complaining about him adding to the problem.
As the CEO of this organization, I have resigned myself to the fact that Barrack Obama is our President and that our taxes and government fees will increase in a BIG way. To compensate for these increases, our prices would have to increase by about 10%. But since we cannot increase our prices right now due to the dismal state of the economy caused by banks that can’t run an effective business, we will have to lay off sixty of our employees instead.
Click here to read the rest of this article... (252 words, 1 image, estimated 1:00 mins reading time)
With any downturn in the economy, there are always new rules and regulations that are discussed or passed to prevent the previous calamity from occurring again. The same is true for this latest downturn with a variety of efforts and attention being shown to the banking and mortgage industries.
Now attention is also being shown to the venture capitalists. This is not necessary. Nothing in this current downturn can have VC activity pointed to as the cause. In fact, VCs are fairly well self-regulated by the activity of the stock market and they take a sizeable set-back when the tech bubble bursts (most notably in the early part of this decade).
No VC is too big to fail and no VC has a huge majority of the market. It simply doesn’t make sense to overly regulate this industry when so much of what we enjoy on a regular basis is the result of VC activity (nearly the entire IT industry including the technology that makes this blog possible and your ability to read it).
Click here to read the rest of this article... (600 words, 1 image, estimated 2:24 mins reading time)