Monday, September 10, 2012

American Business Creates More Than Jobs

Who says Democrats and Republicans can't agree? Both parties claim they love business owners to death, although Democrats limit their affection to proprietors, partners or stockholders making $250,000 a year or less. Republicans are more inclusive.

Just fifty years ago, business was getting lots of love from a bank. Anyone know why The Bank of New York felt businesses were threatened in 1962? The high taxes of the time? New regulations?

BofNY admired business for creating profits, not jobs. Still, today's political wordsmiths might want to borrow the ad's conclusion.
Our form of government is based on the freedom of the individual – political, religious, intellectual and economic. *** And to the nation which protects his economic freedom, the individual owes the exercise of his fullest energies. The hope of America lies in the vigor and enterprise of each of its citizens.

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