The Right Message for a Time of Financial Uncertainty

By September 18, 2008Economy

Manufacturers are closely watching the financial troubles rocking Wall Street, a very serious matter that affects the ability of companies to raise capital. But just as importantly, all of us are deeply concerned about the people being hurt, the seniors who are seeing their retirement funds take a hit, the employees anxious about their jobs, and the uncertainty about the economy that worries everyone.

Blame is the flip side of accountability, and it’s inevitable that we’ll see finger pointing during a campaign season.

We can debate the fault of Congress, the fault of the Administration, the fault of regulators, the fault of Wall Street and business executives, on and on and on. But how does that help?

The American people understand that we’ve gone through 15 years or so of very good times. America has really been in its heyday economically, and both parties get to share in that prosperity.

We’ve had Democratic presidents and Republican presidents, Democratic Congresses and Republican Congresses. Now we’re in a situation where the American economy is in trouble, and both parties have to share in the blame for that as well.

More importantly, both parties can share in the solution, too. We need federal, state and local candidates who say:

  • “I’m going to support a tax policy that promotes investment, increases consumer spending and creates jobs.”
  • “I’m going to advocate free trade that increases markets for American products, because American products are the highest quality of the world.”
  • “We’re going to increase energy supply and lower costs and put more money back in the hands of the consumers.”
  • “And we’re going to create a smart regulatory system that punishes those who abuse the public trust, one that unleashes American ingenuity and inspires new ways of creating jobs in this country, one that improves not only our economy but the economy worldwide.”

In a time when economic anxiety is high, the public would be well served by an uplifting message, a bipartisan message of encouragement and economic growth.


Jay Timmons

Jay Timmons

Jay Timmons is president and CEO of the National Association of Manufacturers (NAM), the largest manufacturing association in the United States representing small and large manufacturers in every industrial sector.
Jay Timmons

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