I was reading Mark Cuban's blog where he is talking about the advisers that President Obama has assembled around him and the fact that he has not one single entrepreneur on his team. Mark further talks about the need for the Government to get in touch with the people who form companies and literally live from job to job, hoping to get paid on time. He says that entrepreneurs who start and run small companies will be the propellant of the economy. I could not agree more.
These are the people who take the real risks, putting their money on the line each and every time and who have to constantly fight Governmental 'red tape'. Yet many of these companies develop into hugely wealthy enterprises, creating jobs and paying serious amounts of taxes. We need to locate and nurture this talent.
It seems the fat cat Bankers are at it again, this time back in the UK, the Royal Bank of Scotland saw fit to hold a SECRET 300:000 pounds party for its executives – fair enough you might say, when times are good, but not after receiving 20 billion pounds of bailout money from UK taxpayers!
Still on the Banking scene, it seems that the UK Banks have told the Chancellor that they will not pass on any interest rate cuts to customers as their profit margins are already too tight and they are not 'charities'. They are absolutely correct – the charity is the UK taxpayer who has had no option but to bail them out with billions of pounds of their own money – the same money the Banks expect the taxpayers to then put back in their pockets so they can make even more!
~Neil