Monthly Archives: July 2008

The Answer to the Energy & Economy Crisis: More Entrepreneurship, Less Government!

Ask any American voter. The two biggest issues in this 2008 election are the economic crisis and the energy crisis. Seldom are there easy answers to such complex problems. But, not this time. The answer is simple- more entrepreneurship and less government!

That means deregulation and decontrol. It means lower taxes and more incentives for private investment. UNLEASH THE FREE MARKET. Government doesn't solve problems- government causes them. American entrepreneurs will solve our energy problem- if only government will get out of the way. And those same entrepreneurs and that same free market capitalism will put America on the road to solving our economic problems as well.

This energy crisis and the economic crisis go hand in hand (and to some extent, the terrorist crisis as well). America's oil purchases abroad account for almost half the U.S. trade deficit. Every dollar we spend on foreign oil is a dollar that could be better spent growing the U.S. economy. How do we find the money to buy all that oil? We borrow it from those same countries, many of whom hate us. What do they do with OUR money? They use it to fund terrorism!

So, how do we stop this vicious cycle? Simple- we get government out of the way. Please, do not get me wrong. There is one area in which I am in consensus with the environmentalists and the Democrats. There is no question that the only long term solution for America's energy independence is to wean ourselves off of fossil fuel (oil) and replace it with clean and renewable energy. The fact is, that process has been underway for years and I am in total agreement that it must be accelerated.

But, the reality is that it may take another 20-30 years to be accomplished. In the meantime, the answer is drill, drill, and drill some more. President Bush took a first step today by lifting the “Executive Ban� on offshore oil drilling. But that is only a small and symbolic start. Congress must throw out the government moratorium on energy exploration and production. Take the shackles off the oil and energy industries. Reduce the draconian bureaucracy that has not allowed the creation of a new oil refinery or nuclear power plant in over 30 years. Get government out of the way and let American ingenuity and entrepreneurship do what it has always done to make America the leading economic power in the world. Stop listening to liberal environmental extremists who want to drive America (by horse and buggy) back to the dark ages. They couldn't care less about the average working American. These radical environmentalists want to keep us all poor and beholden to them for handouts- that is how they buy your vote and keep themselves in power. It is time in my opinion to put the interests of Americans and the American economy FIRST.

Consider the Ethanol mess as “Exhibit A� for why government must get out of the way. Government bureaucrats and politicians always play “big shot� and try to pick winners versus losers. Why? To prove how important they are- to justify their big titles, big salaries and big egos. And, of course, to help a handful of friends and big industry insiders who just happen to contribute to their campaigns. But, what can you expect? They´re just about all lawyers (as well as career politicians), and when it comes to business it´s all lawyers know how to do- screw things it up! It is no coincidence when lawyers become politicians they act exactly the same way. But now, they get to do it with YOUR MONEY!

Take ethanol as an example. Government tried to solve the energy crisis by picking ethanol as the winner. Big mistake. Ethanol has not only done nothing to solve our energy crisis, it has caused a worldwide economic crisis. The corn crops now dedicated to ethanol production have produced a worldwide shortage of corn needed for food (as well as cattle/chicken feed). That has in turn spiked grocery prices, caused shortages at the grocery store, and incited riots across the globe. Yet gas prices continue to rise, because it actually takes more than a gallon of gas to create a gallon of ethanol. And, it turns out that ethanol causes more pollution than gas as well. The result is an energy and economic crisis caused by government.

Despite all this, the Presidential candidates from both major parties are still asleep at the wheel. They both talk change. But, the only “change� they bring to the table is more of the same tired big-government answers. Obama (the man with the most extreme liberal voting record out of 100 United States Senators) stands vehemently against drilling. He thinks government has the answer. He supports more of the same extreme environmental policies, heavy taxes, and big government regulation that got us to this crisis in the first place. John McCain is barely any better. He has just recently decided drilling is okay, but still refuses to allow any drilling in ANWR-- which potentially offers 10 billion (or more) barrels of oil to American consumers. Worse, McCain is a big believer in big-government solutions for global warming. His proposed energy policies will surely damage the American economy, cost millions of jobs, and raise our electric and gas bills dramatically. Make NO mistake- the election of either Obama or McCain will be a disaster for the American economy and consumers.

McCain's Republican Senate colleague John Warner proposes a big solution (drum roll please): lowering the national speed limit to 55 MPH. After 30+ years of inaction, the best Warner can come up with is more draconian federal government control over our lives and a violation of states' rights. It is safe to assume that neither Republicans nor Democrats offer a solution.

The answer is the free market, fiscally conservative principles of the Libertarian Party. We believe in putting American consumers and the American economy FIRST. These same common-sense principals that will work to solve the energy crisis, will also solve our Education and Health Care crisis'. It is this simple- Get government out of the way. Deregulate and decontrol free enterprise. Unleash American entrepreneurship and ingenuity. Encourage competition. Lower tax rates- individual, corporate, and capital gains to the lowest in the world. Then get out of the way. The greatest entrepreneurs in the world will lead this great nation to energy independence and the greatest economic boom in world history.
But first let's drill, drill and drill somemore. Build new oil refineries. Build new nuclear plants. Encourage oil shale exploration and gas to liquid production. Build new clean coal plants. Our country has one of the biggest deposits of coal on the planet earth. Find a way to burn coal without emitting hydrocarbons and we become one of the world's biggest energy EXPORTERS. We can beat the oil producing nations of the Middle East at their own game. We create millions of energy jobs. The trade deficit becomes a trade surplus.

The liberal mantra that removing government restrictions on drilling will not affect prices for 5 years is PURE BUNK! The day- yes the very day- that we truly deregulate and untie the hands of the energy entrepreneurs, oil prices around the world begin to drop dramatically. On that same day, the energy speculators and traders that are undoubtedly partially to blame for sky high gas prices, will have no choice but to sell their oil contracts with both fists. Look for this current “oil bubble� to end not just with a whimper- but a crash of epic proportions. And, this is a ¨crash¨ that every working American can cheer. It's time to let Libertarian free market ideas rule. It's time to elect a Libertarian Presidential ticket.

Mr. Root is a successful small businessman, entrepreneur, author, business speaker and commentator. He is currently the Vice Presidential nominee for the Libertarian Party on the Presidential ticket of Barr/Root.

For more on Wayne Root's views and commentaries go to: www.ROOTforAmerica.com or www.BobBarr2008.com

Is Our Government “Cooking the Books?�

For months I've been saying on hundreds of TV and radio shows that the major advantage that I bring
as a Vice Presidential candidate is my background as a small businessman, home-school dad, and citizen politician. My greatest asset is the common sense of a common American citizen.

I'm proud to say I´m NOT your typical politician. I've never served in office; never worked in Washington D.C.; never collected a check from any government (state or federal); nor done business of any kind with government. What I have done my entire adult life is start businesses and create jobs by risking my own and my investors' money - not the government´s (that is, not YOUR money).
None of this year's major Presidential contenders- Barack Obama (my college classmate), Hillary Clinton, or John McCain has ever created a business or a job without government money. What could they possibly know about healing or growing the American economy? The answer is simple - NOTHING. Unless, of course, you consider spending your hard-earned tax dollars on ´Pork Barrel´ projects as valuable experience for a politician.

Most importantly, I want to stress the “small� in my small business experience. In modern political history there has never been a small businessman on a Presidential ticket. Most of our past Presidential and Vice Presidential candidates have been cut from the same mold- either spoiled brat, “lucky sperm club� members born to wealthy, connected fathers; wealthy out-of-touch CEO's of Fortune 500 companies; or career politicians who have lived their entire lives off of taxpayer-funded paychecks.
Today small business is the economic engine of America. We live in a “Small Business Economy�, where the majority of America's jobs are created by small business. Small business owners, men and women willing to risk their own money and security, are the backbone of the American economy.
Isn't it time we listened to these heroes of the American workforce? Isn't it time we elected someone who wants to support small business owners? Isn't it time we elected someone who understands the unique challenges and problems of small businessmen and women, and knows how to empower them to create more jobs and more prosperity for this nation?

Now I'm going to let you in on a deep dark secret you won't hear from clueless out-of-touch career politicians or government bureaucrats: We are in a RECESSION. And I believe it's a deep one- possibly the worst since the Great Depression. Despite government assurances that it has not occured yet, I believe we've been in this recession for over a year. How do I know? Just ask any small business owner. It's that simple. They are the “canary in the coal mine.� Small business feels a recession first; and they feel it the deepest. We can no longer rely on what the Fed says. What do blue-blooded Ivy League bankers from wealthy families know about the real world? Nothing. Nor can we rely on career politicians or government bureaucrats- few of them know anything about what's really happening in the business world. Worse, they are disingenuous. Their job is to deceive us.

What used to be a two party system has now sadly become one big bloated “cover your rear� bureaucracy with incumbent politicians and their friends at the Fed lulling us to sleep to convince us to support the status quo; behave like good little voters; and never throw the bums out of office who are responsible for running our country (and economy) into the ground. To achieve that end and prevent anger and panic, government leaders and bureaucrats will do whatever they need to do, including “cook the books� to stay in power. Amazingly, if a small businessperson reported his or her accounting in a way that was as misleading and inaccurate as the government does, they'd be thrown in jail for 20 years (or longer). And what is so sad, is that most politicians know so little about economics and business, they do not even know the difference.

The bottom line is that I believe that our government has NOT been truthful to us. Government statistics report we are not in a recession. Any small business owner knows that can only be classified as misleading propaganda. Those same government statistics report that inflation is under control. Any consumer who has spent 5 minutes in a grocery store or gas station knows that too is misleading propaganda. I don't need government economists or Fed bankers to tell me where the economy stands. I only need to listen to my friends who own small businesses on Main Street USA.

My friends can tell you we are in the midst of a deep recession. My friends are the very heart of America's “economic engine.� My friends don't fly private planes. They don't run billion dollar companies. I've never met billionaires like Bill Gates, Warren Buffett, Donald Trump or Steve Wynn.
I don't hang out with jet-setters. My friends own small businesses- restaurants, dry cleaners, real estate firms, mortgage firms. My friends are stockbrokers, real estate appraisers, insurance brokers. My friends are the very pulse of American business. These people understand business. They ARE the American economy. And they are in deep distress. This economy can best be described as being in crisis. Yet politicians on both sides of the aisle either haven't a clue, or are purposely misleading us.

According to small business owners, things are much worse than the government is telling us. My friends are 35 to 55 years old, and they tell me this is the worst economic downturn of their entire lives. Yet the government claims we are not in recession? Tell that to millions of successful small businesspersons who are seeing dramatic drops in their income. Tell that to small business owners who have made $500,000 a year for a decade or longer, but now are losing their business or their home (or both). Many have given up their entire salary in an attempt to keep their businesses alive. Increasingly, even that extreme sacrifice has failed and they´ve been forced to close their doors, leaving their employees without a paycheck. Small business owners are getting slaughtered. It's that bad in the real world- a world protected politicians, government employees, economists, and Fed bankers obviously know nothing about.

I have first-hand knowledge of this economic tsunami. First, I've spoken to hundreds of small business owners. The lucky ones, who are still in business, are reporting revenues down 20% to 30% over the last year. That's revenues we're talking about- not profits. For many there are no longer any profits.

Secondly, I know how bad it is, because I'm one of them. That's the big advantage of having a small businessman as a Vice Presidential candidate. I'm living in the trenches and I won´t hesitate to provide a dose of honesty and reality to the political process. Unlike politicians, economists, Federal Reserve bankers, out-of-touch CEO's, or the media, I actually understand first-hand what's happening on Main Street. And, I know when the politicians and government bureaucrats are feeding us a pack of lies.

Why would the government mislead us? Because keeping you in the dark is the only way to ensure that voters will march in lockstep like nice little sheep to the voting booth and once again vote for the same
Republican and Democratic career politicians who created this mess. The same politicians and bureaucrats who live off taxpayer checks. This Washington D.C. ruling class only cares about one thing- getting re-elected.

To sum it up, “The books are cooked!� Our government is misleading us. Take it from a small businessman- we are currently in recession; we have been in recession for a year or longer; and it's not getting better. The very people who created this mess are now trying to convince you that more government is the answer. Government grows bigger every day and our economic future gets worse and worse. Do you think maybe there is a connection there?

More government is not the answer. More of the same government is certainly not the answer. Electing
a politician from either of the two major parties is keeping the same government. Those are the people that got us in this mess in the first place. While small business is fighting for survival and cutting jobs, government is expanding, hiring more bureaucrats, and spending like a drunken sailor (no offense meant to drunken sailors).

The answer is less government, dramatically reduced spending, fewer government bureaucrats, and reduced bureaucracy. The answer is letting Americans keep more of their own money, and make their own decisions about how to spend it. The answer is to take the power away from the government and give the power back to the people- exactly as our Founding Fathers intended. What is it that these two-party establishment politicians don´t understand about the simple idea that: When times are bad, government must cut jobs and spending just like the rest of us!

How's that for honesty from a politician? All the more reason why we need to elect politicians who live in the real world; who run small businesses; who create jobs; who understand what is happening on Main Street, instead of only focusing on Wall Street. If given a choice, I'll listen to news-stand owners, taxi cab drivers, and restauranteurs over Wall Street bankers and hedge fund managers any day of the week.

My role as Vice President in a Barr/Root administration will be a unique one. I'll spend every waking hour working with small business owners; solving the unique issues and challenges unique to small businessmen and women; eliminating rules and regulations that impede small business growth; identifying wasteful government programs and slashing spending so taxes can be reduced, thereby allowing ALL Americans who want to achieve the American Dream to keep more of their own money, so they can open their own small business and achieve economic freedom. I will be the first “SMALL BUSINESS VICE PRESIDENT.� That is the true definition of power to the people. That is the advantage of voting for a third party, anti-establishment, anti-status quo Presidential ticket of Barr/Root.


Mr. Root is a successful small businessman, entrepreneur, author, business speaker and commentator. He is currently the Vice Presidential nominee for the Libertarian Party on the Presidential ticket of Barr/Root.

For more on Wayne Root's views and commentaries go to:
www.ROOTforAmerica.com or www.BobBarr2008.com