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Jobs is Job #1

Posted by Larry Doyle on November 30th, 2009 9:34 AM |

“Kiss me!!”

“What?”

That’s right, I said, “Kiss me!!”

Many a businessman is familiar with the basic principle of “kiss me,” that is “Keep It Simple, Stupid.”

Regrettably, Washington is not familiar with that simplest of business principles. Legislative bills that run into the thousands of pages and admittedly go unread by our lawmakers prior to vote are often an unmitigated disaster for American business.  How so?

These bills create an environment of uncertainty. What do business leaders do when they’re unsure of what is coming out of Washington and how it might impact their business? “When in doubt, wait it out.”

I witness increasing evidence of this basic business dynamic and believe it will be on full display this coming Thursday. What will happen Thursday? President Obama is hosting a Jobs Summit in Washington. Sounds like a reasonable idea given the domestic employment situation is so bad and getting worse, despite assertions to the contrary by a number of public officials and economists.

How convenient that the summit is being held Thursday. Why? This summit will provide plenty of photo ops and media coverage highlighting that Washington is hard at work addressing the employment situation right before the monthly unemployment report is released on Friday morning. Do not think for a second that the timing of this summit was not strategically scheduled to negate the negative impact of another weak report. (more…)






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