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Entrepreneurial Capitalism Uncompromised

POLITICS, ELECTIONS, AND ECONOMICS

14/12/2020

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Before starting, let me restate what is said on IBGR everyday of the week. WE DO NOT ENGAGE IN POLITICS!

​There are plenty of resources to pursue that important and contentious topic. It is too subjective and outside our area of expertise. We approach the topic from the perspective of economics, an area that is more objective and a topic we can speak on with some expertise. So why the disclaimer?

I need to address the recent US election and its impact on the worlds economy. Until something changes the  US economy determines the general health of the world's economy.

It appears the election results will be known this week, no it hasn't been determined regardless of the reporting, when the Electoral College slate of electors are selected. Unless there is a change in the forecasted results, the United States will return to the economic policies of the Obama Administration. Since personnel is policy, here is a list of potential Biden economic advisors: Goolsbee, Yellen, Rouse, Bernstein, Boushey, Tanden, Adeyemo, and Deese. These are the same individuals that Clinton would have been selected in 2016 if she had won the election. 

The emphasis on corporate tax relief and deregulation has passed. Important for the large multinationals, these actions undertaken by the Trump administration were critical to the expansion of 2016-2020. It was driven by small business; over 90% of all new jobs created were from businesses under 20 employees. 

The impact in the change in focus, personnel, and policy of the new administration?

We are in the 11th year of expansion since the last recession of 2007-2008. Expansions historically runs in 8 to 12 cycles so it is obvious we are at the end. Government policy can extend an expansion or shorten a contraction but cannot change the business cycle. Unless of course you move to a socialist economic model.

The question is will the new administration extend the expansion or will increasing taxes, halting deregulation, imposing more restrictions on business activity bring it to an end? And we haven't even addressed the destruction of another forced lock down.

I will say more about it tomorrow. My closing note for the day is simple - small businesses are the canary in the mine and bird is about to have respiratory problems. 

For more information check out my series on Economics for Owners, start with the first show "IN THE SHADOW OF THE WAVE - WILLIAM EASTMAN"

Thanx, see you tomorrow.
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      • BUSINESS PODCASTING MADE EASY
      • ECONOMIC NEWS >
        • IBGR.News
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        • An Epic Business Exit
        • Catalytic Conversation$
        • Exitology
        • The CFO Perspective
        • The Entrepreneur's Edge
        • The Smart & Savvy Business Exit
      • FINANCE >
        • Business Econ for a Post Pandemic World
        • Economics For Owners
        • Employee Capitalism
        • Money Matters
        • Practical Solutions to Difficult Problems
        • TurboCharge Your Business
        • Your Money Machine
      • HR / PEOPLE SKILLS >
        • Business and Beyond
        • Business Processes & People Talk
        • Equipping Others
        • Staff It!
        • Success Can Be Fun - With Focus!
        • The People Side of Business
        • Women of Business Thriving
      • INTERVIEWS >
        • Get You Noticed!
        • The Referral Guy Interviews Your
        • The Magnetic Voice
      • LEADERSHIP >
        • Compassionate Leaders of Influence
        • Destiny Road
        • Engaging Your People For Success
        • Leadershift with Col Ajai Lal
        • Leadership Powered by Common Sense
        • Influencing for Global Impact
        • Talk Leadership with Cedrick on the Radio
        • Your Corporate Confidante
      • MARKETING >
        • Building A Multilevel Marketing Empire
        • Level-Up Your Marketing
        • No Nonsense Market Domination
        • Buying Customers
        • #Seriously Social
        • Results Oriented Marketing
      • MINDSET >
        • Building Success Habits
        • Building You to Build Your Business
        • Entrepreneurial Mindset
        • Peak Impact Mentorship
        • Guidance To Wealth
        • The Hero Within
      • OPERATIONS >
        • Build It!
        • Building In Front of You
        • Building In Front of Your 2
        • Lead Lean
        • Pencils & Pistons
        • Planning Out Loud
        • Processes Under Control
        • The Ralph Peterson Radio Show
      • SALES >
        • Beyond The Method Selling
        • Inside The Customer
        • Sell It!
        • Serving Up Sales
      • STARTUPS >
        • A Business Primer for Startups
        • A New Business Model For Startups
        • Adulting In My Purpose Business Edition
        • Building Startup Operations
        • Creating A Consulting (Improvement) Business
        • How To Start A Consulting Firm
        • Survival Mode
        • The Geriatric Entrepreneur
        • Your Business 2.0
        • Z Gen Entrepreneurship
      • STRATEGY >
        • #OwnrLife
        • Better Your 4 U
        • Build Your Core for Dynamic Partnerships
        • Grow It!
        • How to Avoid Becoming the 80%
        • How To Become the Top 5%
        • How to Move Beyond the 15%
        • Living the Life .. On YOUR Terms
        • Own It!
        • ReImagine Your Business
        • The Business Owner's Bookshelf
        • The Self Managing Organization
        • Tenacious Top of Mind Business Insights
    • MEET THE HOSTS >
      • Ben Gioia ("joya")
      • Bert Robinson
      • Chris Mayfield
      • Crystal Y. Davis
      • Donna Kunde
      • Doug Thorpe
      • Ellen McIlhenny
      • Glenda Thompson
      • Jason "Wally" Waldron
      • Jeremy Gray
      • Jörn "Joe" Menninger
      • Kevin Beers
      • Lisa Askwith
      • Londina Cruz
      • Mike King
      • Monique McDonald
      • Patty Lawrence
      • RJ Lewis
      • Sarita Johan
      • Steve Sweeney
      • William Eastman
    • JOIN THE TEAM >
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