There is no question that the blood and sweat of most business owners created the businesses they built and the jobs growth and economic growth that came with them.
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New York, NY (PRWEB) July 30, 2012
In response to President Obama’s speech, in which he brought to light the government’s role in today’s economic system, Michael Lombardi, lead contributor to Profit Confidential and owner of multiple businesses, thinks that the government has been more of a hindrance than a benefit.
In the article “The Biggest Government Offence to Small Business Yet?,” Lombardi says the President certainly used a poor choice of words.
“I’m not here to argue the sentiment or the intention or take political sides regarding the debate,” states Lombardi. “There is no question that the blood and sweat of most business owners created the businesses they built and the jobs growth and economic growth that came with them.”
Lombardi believes that the government provides the infrastructure, so that businesses can focus on what they do best, which is running their business, allowing jobs growth and economic growth to take place.
“But as government has gotten bigger, and more government agencies and rules created, it has created uncertainty for a small business owner like me,” Lombardi notes.
Lombardi also states that government indecisiveness is another problem: “The ‘fiscal cliff’ is creating such uncertainty that businesses don’t want to invest in capital projects, which is holding back jobs growth and economic growth.”
Lombardi believes as long as the government remains on its current path, there will be little jobs growth or economic growth.
“Which means companies are going to struggle, which means the free-market capitalism this country has been founded on is no longer a lure for the business risk-takers who create jobs,” Lombardi asserts.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.