We WILL Raise a Hand of Discontent

A Smoky Haze Over Washington

American Bill of RightsThere has been a smoky haze over Washington for a long time now. To some of us the term smoky haze had a different meaning when we were in college but now it has a different meaning but the effect is the same…a stunned dazed look at nothing in particular and resulting in inarticulated movement. The result for us in the real world is economic stagnation. The effect on business is banking congestion. Banks are not lending and businesses are not growing and as a result new jobs are not being created and consumer spending is halted. Banks are uncertain of the future. We as citizens are uncertain of our future. Guess what everyone agrees that is the state of the economy we live in today. There is no argument.

Sober Up Washington

Washington must now sober up and clear their collective heads. The voter will tell the heads that we want solutions and not rhetoric on this election day. We want options not edicts. We need unbuckling of regulation not bridling. The tax incentives of the former administration stimulates business. Regulations bind business growth. And at a time when we need for Washington to go on its own diet of spending and growth the cause and effect of such will benefit us all in many different ways.

We WILL Raise a Hand of Discontent

Hey all you heads in Washington!!! Pay attention!!! Wake up!!! Sober up!!! Shrink spending!!! Reduce regulation!!! Provide the tax incentives to those that pay the majority of them to begin with!!! Put the economy back on track!!!! Or else you may not be fortunate enough next election to win. We WILL raise a hand of discontent with our votes.

Government Has Not Learned Anything From History

Banks Get New Restraints

gavel on moneyFront page news reads “Banks Get New Restraints”. Globally governments are agreeing to add more regulation to avoid future financial melt downs. That assumes that all the governments involved have a crystal ball and the view from here is in fact what we will need seven years from now.

And it Was Not Good

As for now we need a little less regulation to allow the financial industry the latitude to maneuver in choppy uncertain economic waters. So now government, the icon of not knowing what is right for business is using its fuzzy image crystal ball to predict and control the future. I cannot disagree more. I have seen firsthand what over stepping regulation can do to an industry. I have seen what the perspective and inexperience of regulators can do to a perfectly healthy business. And it was not good.

Arm Chair Quarterbacking

Imagine for a moment a person that has no real world business experience making sea changing decisions for a financial institution. This government regulator is now arm chair quarter backing the strategy and business practice of a bank. Dangerous. Now put the factors together. More regulations phased-in in the future, of which we know nothing about, along with government regulators whom know little if nothing about how to interpret and integrate these new regulations into safe and sound business practice for banking institutions.

The Complex, the Mundane and the Futile

This is clearly a case where government has not learned anything from history. The government is going to over reach, over regulate, force over capitalization and overkill, at a time when we need to free up time of bankers to get back in the business of lending. Instead we are now going to increase cost and take away valuable time to understand the complex, mundane and futile. Wow!