Monday, March 2, 2009

Start Putting Our Mouth Where Our Money Is...

Anyone who makes an investment, whether personally or professionally, will usually, at least at the onset of the investment, be very positive about the company receiving the investment and the prospects for the future. Now that the U.S. Government has become an investor in the financial, automobile and insurance industries it is time to start hearing that these are good investments and build some confidence that those of us who have paid for those investments will see a return. It seems totally nonsensical to me that we will on one day send taxpayer dollars into an institution and the next day publicly slam those who are receiving the investment. What is going on? If Washington wants to make a difference then they need to go into these investments wholeheartedly and with the same excitement and vigor that any one of who writes a check would do. Let's put our best minds and people to help the banks, the car companies and the insurance companies to not just survive but to grow and prosper. Let's start publicizing the good things that these institutions do and can do and celebrate wins and successes, no matter how small those would be. Let's have the CEO's of bailed out companies post a monthly report on Rescue.gov detailing the successes that they are seeing. Let's start putting our mouth where we put our money and talk the same talk out of both sides of our mouths. President Obama is a great motivator and could bring about the confidence change we need. But, he won't do that if he thinks that it is better to bring Congress to their feet by continually beating down the companies and people where he just invested our dollars. I want to hear that we are with them win, lose or tie...not just win or tie. If we aren't then we are wasting precious taxpayer money and our projection of failure will become a reality.

2 comments:

NJAltman said...

Rusty,

You are right on target. It is confidence we are lacking. Enough with the negativity and pessimistic views. The government, mass media, and all involved should act on the simple saying "it's all about attitude". The moment the blaming and finger pointing stops, the world can focus on the task at hand.

Thanks again for the opportunities you have extended my way. They have changed my life and made me a better person.

I hope you are doing well. I still owe you lunch!

See you soon
Cheers,
Nathan Altman
(Vans Warped Tour & SxSW)

Unknown said...

Rusty

Fully agree ! I really think that the Congress is the Presidents biggest barrier to common sense progress. I hope he can help things by getting people to stop the blame game, accept the consequences of out collective failure(s) and fix the problems so that I don't have to doom my kids to a life of paying the 70% marginal tax rate ...

All the best,

Bill