Bush is wrong again – entrepreneurial spirit is dead – it is all about using illegal cheap labor and outsourcing
Special correspondent
Feb. 2, 2007

President George Bush was speaking in the Wall Street, NY a few days back. He mentioned that the entrepreneurial spirit in America is hiring people and creating jobs. He is really wrong. Ask the entrepreneurs and they will tell you how they feel. Government regulations, higher state and local corporate taxes, higher medical insurance cost, higher raw material cost and lack of pricing power has crippled entrepreneurial spirit. It is all about seeking a position in the system that guarantees sales. For example, higher education and health care where people have to go no matter what the price is. Small businesses are upset. They are more upset with Republicans than Democrats. Democrats never understood the entrepreneurial spirit in America. All they could do is to raise corporate taxes and advocate big Government.

It is really sad is that Republicans in Washington did ‘nothing’ for the revival of entrepreneurial spirit. Small business entrepreneurs are scared to hire. Those who innovate are quiet. The innovations are taking place in iPods, gaming software and so on. No real technical breakthrough has taken place in the last twenty years!

Businesses are focused now on using cheap labor. The raw material price has increased. There is lack of pricing power. How can any business survive without using illegal immigrants, H1B or outsourcing from India and China?

Asian countries like India and China talk a lot to export their labor to United States. They do anything export their inefficiencies and deflation to the West. But they seldom buy from America. The large corporations are hoping to sell in China and India by partnering will local oligarchs. Soon they will find, it’s all dream.

Free trade and globalization is worse than hoax with parity in labor laws, environmental laws and above currency exchange rates.

Bush is wrong again – entrepreneurial spirit is dead – it is all about using illegal cheap labor and outsourcing
Special correspondent
Businesses are focused now on using cheap labor. The raw material price has increased. There is lack of pricing power. How can any business survive without using illegal immigrants, H1B or outsourcing from India and China?
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