But what the Democrats and the new president must explain to the American people is that you can't bail out the banks, insurance companies, the automakers, folks unable to pay their mortgages and so many other institutions without finding a source of revenue to pay for those bailouts. And that will include owners and managers of smaller corporations that might become large corporations in a few years -- after the initial pain and costs of the Democratic agenda is in place and America starts moving again.Yep, I know. The Republicans helped put us all in this mess. But that is electoral water under the bridge. Now we have to follow the path set forth by our new president. And we should include prayers for his success and good health, general support for him as our president -- and cutting back the pay and benefits of our employees in order to help prepare for the impact his new policies will have on our livelihood.
If you own or run a small business, you might want to share this memo with your own employees; particularly those who enthusiastically supported the huge Democratic victory. They may well expect that "change" is coming immediately and that it will be in the form of financial reward. And that may be true. The president-elect is pushing for another stimulus package, so that folks might get another check from the government, like they did earlier this year.
But they will need to understand that it comes out of the wallet of the owner or manager of their company, and that means their take-home pay and other benefits will likely have to be reduced for some time to come.
I'm sure that's change they can live with. After all, they voted for it. Now we must share the pain.