Articles

Our President Should Think Like a CEO

Our President Should Think Like a CEO

The Wall Street Journal recently convened its annual CEO Council.

This year, some 100 CEOs gathered and concluded that the nation’s top five priorities are:

• create a globally competitive tax system;

• immigration policies should support innovation;

• improve human capital;

• upgrade our energy infrastructure;

• invest in R&D.

The question that must be asked is: Why doesn’t President Barack Obama and members of Congress come to these same conclusions? The answer is that the country needs to be run by people who understand business.

This ...

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The Waiting is the Hardest Part

The Waiting is the Hardest Part

As I watch the general malaise gripping Washington, I find myself thinking about the lyrics of Tom Petty’s hit song: “The waiting is the hardest part.”

I know I am not the only one waiting for something to happen to get this nation back on track.

Our small businesses, entrepreneurs and 14 million unemployed feel an endless gnawing, the grinding of gears, as America performs like a broken clock.

Time stands still. It has become all about the waiting.

• The waiting for the ...

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Obama, Congress Must Create Jobs, or Find New Work Themselves

Obama, Congress Must Create Jobs, or Find New Work Themselves

As the so-called Super Committee failed to reach agreement on $1.2 trillion in deficit reduction, our politicians and their designated flame-throwers frothed in their “I told you so” antics, heaping blame on everyone besides themselves.

The real failure, of course, was to demonstrate to the American people that Congress simply cannot work together and this country is totally devoid of leadership.

In particular, it continues to reinforce the feeling of uncertainty and hopelessness among small-business owners that deficit spending will not be ...

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There’s More to Asia Than China

There’s More to Asia Than China

Many Americans, including those in Congress, have a myopic view of the Asia-Pacific region.

They only see China, but as the recently concluded Asia-Pacific Economic Cooperation (APEC) meeting in Honolulu illustrated, we have 21 important trading partners with shores bordering the Pacific Ocean.

To concentrate solely on China ignores the robust trading relationships the U.S. has with Asian nations. APEC, besides the United States, consists of Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua ...

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US Has Its Work Cut Out in Revamping Tax Code

US Has Its Work Cut Out in Revamping Tax Code

If you spent 6.1 billion hours doing something, you would think you would have created something most ingenious.

Ironically, that’s how much time American taxpayers spent this year fumbling through stacks of confusing IRS forms. Americans spend about $300 billion a year in tax-preparation costs traversing a mind-bursting 3.4 million word tax code.

The net effect of this archaic tax system is not only its compliance cost, but it ultimately punishes companies for being successful and discourages them from hiring. Taxing our ...

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