It is amazing sometimes the amount of political rhetoric on TV, especially when it comes to our economy, taxation, and the business community. Speaking of the business community, we all know that the small businesses in the United States employ about 75% of the people, and that 10% of the US population enjoys owning one of their own. Nevertheless, it is the biggest sector of our economy, and one which we must pay particular attention to if you wish to lower our unemployment rate. Okay so, let’s talk about this for second shall we?
There was an article in Washington Technology News on June 11, 2012 titled; “White House pushes small buys for small business,” by Mathew Weigelt which stated that the Federal Government would be issuing more smaller contracts to smaller companies, contracts under $250,000 which I suppose is supposed to be proof that criticism that the Administration “doesn’t care about small business is false.” However, to me what it clearly says is that Washington DC has no clue, so whether they ‘care’ or not is immaterial.
You see, it is obvious from my perspective that what we need to do to help the smaller companies in the US is to reduce regulations, and not keep adding more. What we need is for the government to get out of the way, not throw a bone here and there to individual little businesses for government contracts. Yes, it is good to also support the little guy, and not always a big corporation, but the United States government should also watch its cost and efficiency, and go with the lowest bidder, sometimes that maybe a smaller company, sometimes it may not.
In the free-market system every customer, client, and company must do what’s best for them, that’s how we get the efficiency and the abundance we have come to love in this country. The federal government cannot choose the winners and losers in the marketplace, nor should they try. Small businesses should be allowed to fail or survive on their own, but we should make it more difficult for them to succeed, as they do not have the lobbyists to bend the regulations in their favor as large corporations apparently do because of the incestuous relationship which goes on there.
If this is someone’s idea of helping our little companies, by providing a few more contracts here and there, they are misinterpreting what needs to happen in the marketplace to provide more jobs and reduce our unemployment. This is why I rightfully say that the federal government and this particular administration has no clue as to what’s needed in this sector. Indeed I hope you will please consider all that and think on it.