Another First for PolitiDose

A $25 billion loan for the auto industry has already passed congress.  A $700 billion bailout of several Wall Street firms and the Financial Industry has passed congress.  Now auto makers are asking for more federal money to help them survive.  Their lobbyist have been talking to congress now for several weeks and it is in the news every day.  The congress is supposed to take the matter up soon in a lame duck session.

 

Thomas Friedman in his November 16 editorial about the auto industry got it right under the heading, "Automakers Drive Themselves To Doom."  He asked the question, "do we have to subsidize Detroit sothat it will innovate."  He also described the business as "a very un-innovative business culture and visionless management."  That brings us to the title of this article.

 

On July 23, 2008 I wrote in politidose under the heading, "Innovation: Lost In America."  That article described exactly what is going on today in our business world and why it is happening.  I outlined the problem.  I will not repeat it again here because the article can easily be pulled up on politidose.

 

Corporate America and our elected officials because of Corporate lobbying has become a partnership in greed.  If President-elect Obama is serious about cutting political strings to lobbyist it will be one of the most sound economic decisions he will make. 

 

Greed stands in the way of innovation.  The industries who are in trouble have proven that.  Corporate America can not be trusted to regulate itself, that has also been proven.  Obama and the democratic controlled congress will have an opportunity when Obama takes office to use legislation and other forms of regulations and common sense to redirect our economy where it works for all Americans and not just the wealthy.  The administration must demand innovation to meet the serious challenges we face as a people and a nation.  The average American worker has to share more in the wealth he helps create.  The opportunity is here now and actions needs to be taken.

 

I am of age to remember the effort of American industry and its people during WWII how our country pulled together with innovative idea's and products to successfully defend the country.  That same spirit needs to be reclaimed to replace the greed that has brought our country and its people to this sad state we now find unfolding.  The time to act is now.