Tag Archive for 'libertarian'

Small Business Advocate Poll: Don’t mess with small business

The Question:
As a small business owner, which political party do you think is more closely aligned with your future success?

8% - Democrats

62% - Republican

17% - Libertarian

13% - None of the above

My Commentary:
Those who are aligned with the Democrat Party came in at 8%. The big number, 62%, came from our respondents who claim the Republican Party. Libertarians represented 17% of our sample. Thirteen percent allowed they couldn’t find a political home with any of these three.

Libertarians have many political differences with Republicans. However, when it comes to policies that impact operating a business, like taxes, regulations, trade, etc., Libertarians and Republicans are usually not far apart. So, if our audience is representative of the small business sector - and I think it is - it’s reasonable to predict that this sector will break significantly for Mitt Romney on November 6.

Consequently, when the President makes statements like, “You didn’t build that,” it probably won’t hurt him too much with the small business sector, because most of them are not likely to vote for him anyway. But there is another potential effect to consider.

Polls indicate that small business owners are highly regarded by Americans. So the question is: How many independent voters will hold the President’s comments, practices and policies that seem to be unfriendly to small business, against him? It may not be many, but in battleground states, like Florida, Ohio and Pennsylvania, it might be enough to change the outcome.

These are the kinds of nuances in the ten battleground states that will likely decide who the next president is.

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This week on The Small Business Advocate Show, I talked more about what you said about which political party you believe is more aligned with your small business’s ability to succeed. Click here to download or listen.

Check out more great SBA content HERE!

Take this week’s poll HERE!

What is the future of Libertarianism in American politics?

The Scott Brown election in Massachusetts, which was nothing short of a political earthquake, caused a lot of people to call it a shot across the bow of President Obama and the Democrat leadership. While I think that’s correct, it doesn’t go far enough. It was also a shot across the bow of the Republicans, because the people who changed political history that day were mostly those who are not officially aligned with any party - the independents.  Indeed, the results of the 2010 special election in Massachusetts were a cautionary tale for the political class.

For a couple of years I’ve been predicting an electoral revolution, but not the violent kind, or the kind that merely changes party control or the resident of the White House.  And I think the Tea Party is definitely part of this movement, but it doesn’t represent all of the revolutionaries.

It wasn’t hard to predict a revolution, but it is hard to predict the outcome. One thing I do believe is that this revolution, like the first one, will be good for America.  The revolution I’m seeing, and am very excited about, is happening because regular folks, including millions of small business owners, are coming to the conclusion - at long last - that we’re not being well-represented by the current political class.  As we raise our expectations and demand more leadership and less partisanship, that’s turning regular people into revolutionaries. But too many incumbents in both parties haven’t, and probably can’t, measure up to these new standards.  Consequently, in this revolution, the political status quo, represented by both the Democrats and Republicans, is in peril.

Libertarians are part of the revolution. But they actually have a party with candidates.  So what is the future of libertarianism in this political revolution? What’s the difference between a Libertarian, a conservative and a Tea Bagger? Wayne Allyn Root joined me recently on The Small Business Advocate Show to discuss how national politics will shape up over the next three years as a result of the recent elections.

Wayne was the 2008 Libertarian Party Vice-Presidential nominee and he is the 2012 Libertarian Presidential frontrunner. He is also the author of The Conscience of a Libertarian and a member of my Brain Trust. Take a few minutes to listen to our conversation and leave your comments. Listen Live! Download, Too!

Should the Fed be replaced with the gold standard?

The Federal Reserve Board was created by an act of Congress in 1913. Prior to its creation, there had been a number of dramatic and damaging economic cycles, including depressions, and it was believed that such a body would be able to manage the monetary elements of the economy in such a way as to either eliminate or minimize these dangerous swings.

In the intervening years, the Fed has had mixed reviews: Some have proposed that since the Fed didn’t stop the Great Depression, nor prevent recessions like the serious one we’ve recently experienced, it hasn’t lived up to its charter and should be eliminated. Others say that without the Fed, the economic cycles we’ve had would have been worse.

Today, some think we should abolish the Fed and return to the gold standard and use this underlying collateral for the U.S. currency as a better way to maintain price stability. But it’s important to point out that we’ve had economic cycles with: a) the gold standard and no Fed; b) the Fed and the gold standard; and c) the Fed and no gold standard. Small business owners just want a system that provides the best chance of adequate access to credit, low interest rates and low inflation.

It seems to me that the global economy is much too complex to just rely on the price of one or more commodities to manage price levels and monetary policy of the largest economy in the world. Perhaps the best system would be to keep the Fed for monetary policy and give it some support on price stability by reinstating the gold standard.

But I’m not the expert on this issue, and that’s why I turn to those who are, including two of my Brain Trust members, Dr. Robert McTeer and Wayne Allyn Root. Bob McTeer was the president of the Dallas Federal Reserve Bank and, therefore, a member of the Fed’s Open Market Committee. Currently, he’s a Distinguished Fellow with the National Center for Policy Analysis. Wayne Root was the 2008 Vice Presidential candidate for the Libertarian Party and is the author of The Conscience of a Libertarian.

Recently, I interviewed both of these men together on my small business radio program, The Small Business Advocate Show, where they discussed the relative merits and demerits of the Fed and the gold standard. Take a few minutes to listen to what they had to say. And, as always, be sure to leave your thoughts. Listen Live! Download, Too!




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