There are rumblings and they are getting louder. The United States is quickly becoming known internationally as an anti-business State. A recent article which ran in Forbes entitled “Obama’s Problem with Business” tagged “Barack Obama as the most anti-business president in a generation, perhaps in American history.” Let’s keep in mind that this is not Fox News but Forbes Magazine. The article was penned by Dinesh D’Souza, who is an author of numerous New York Times best selling books and a well known public speaker. Mr. D’Souza is of India descent, educated in the United States and is most certainly a conservative but no matter your personal political leanings the premise of this article is disturbing. He goes on to blast Obama as “running up taxpayer debt not in the billions but in the trillions while expanding the U.S. government’s control over home mortgages, investment banking, health care, autos and energy.” If you missed it this is a very worthwhile read. http://www.forbes.com/global/2010/0927/issues-socialism-capitalism-obama-business-problem.html
The image (or reality) of the United States being a bad business environment does not, however, begin with the recent administration. On the contrary, it more likely has its origins in the environment immediately following 9-11. During this time when our nation was grieving those infamous events a power grab by bureaucrats was going on. It was swift and insidious. The result being behind the cloak of national security citizens lost rights, banks became policemen and international business said no thank you. This is not to be taken lightly since over regulation will kill international business as entrepreneurs seek more attractive alternatives. Governments compete for both direct and indirect foreign investment and the United States is dependant upon it. We have all but lost the manufacturing sector with more moving offshore every year. As a service driven economy – how can the US compete with its hands tied?