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I have been observing Obama and Hatoyama closely over the last months, and I must admit I am pretty disappointed with what I see. Obama makes a great speech, Hatoyama indicates that the new government will finally do things differently........ but what has actually happened?
Both leaders have been either bailing out companies using billions of tax payers money or throwing money around claiming that "stimulus packages" are going to boost our economies.....
One of the only ways to improve both the US and Japan economies is to create jobs. Bailing out companies saves jobs, it doesn't make them. Throwing money around allows people to spend it; ONCE; this does not create new industries, new companies and growth. Yes, due to an increase in demand for items, there maybe a short-term increase in demand for jobs, but lets face it, it is not a long-term economic strategy.
Japan and the US need to create jobs. Making flowery speeches about reducing CO2 emissions is important, but company owners, executives and entrepreneurs are waiting in their respective countries for their governments to support small, medium and large businesses to grow and create jobs.
These are uncertain times. Business leaders want to get ahead in this downturn, but the risks are unknown and confidence is low. Why can Hatoyama and Obama not see that offering packages that reduce risk and create confidence is what our countries need? There are people everywhere with new ideas, creative beliefs about new markets, and competitive models that could revolutionize industries. All they need to do is support what is out there......
For example,
- Tax breaks for new companies / projects
- Incentive programs for taking on new employees
- Incentive programs for certain industries or new markets
Private industry creates jobs and healthy economies, not governments. Can these guys not see that their beautiful speeches and social support policies will never grow economies? These policies are gong to bankrput Japan. Japan's debt is getting close to 200% of its GDP. Pull it together Hatoyama, you need companies to grow so you can pay the debt off. Start supporting what made Japan what it is; small and medium sized companies.
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