As consultants who raise funds for private placements our income has been put in a holding pattern (meaning zero income) because the opinion of our potential investors is, “I’m holding my money close until I see what November’s elections will bring.” At E&D Consultants, LLC one of the types of projects we take on is evaluating projects’ viability, defining our target client base, creating a strategy to gain the necessary capital and finally implementing that plan. The end result is that we bring together high net worth individuals with viable opportunities to have their money work for them while providing entreprenuers the ability to make their dreams a reality. If everything goes as planned the investors make a fair return on their investment and a start-up company creates a vehicle by which job opportunities are created thus stimulating the economy. And of course, we earn our pay. It’s a win/win situation for everyone.
I saw this holding pattern two years ago before the presidential election in 2008. Clients who had the interest and ability to invest the money that would fuel our economy weren’t investing a dime until they saw who would win the election. There were very few (if any) investors who wanted to see Obama get elected. To emphasize that point they continued to hold onto their money until the late spring/early summer of 2009 when they saw that the United States did not sink into the abyss because Obama took office… and then the party was over too quickly. All the hope and change, smoke and mirrors rhetoric of the Obama administration started to come undone. The market tanked numerous times despite the fact that Obama’s administration would continue to brazenly lie to the American public stating that “the economy was recovering”. Then there were the blatant misrepresentations by Obama administration that Obama’s historic health care bill was showing the American people great benefits only 3 months after the bill was passed into law. Even The First Lady, Michelle Obama’s behavior called into question the morals and ethics of the first family, both personally and professionally.
So now here we are again only weeks before the November 2010 elections and the majority of our clients are simply holding back the money that would be necessary to stimulate our economy. Their confidence has been shaken with reason. They are tired of the Obama administration diverting their hard-earned dollars away from the people that would benefit most instead, giving it away to those that helped him get elected. These actions have further driven our economy into an ever mounting debt that is now so great, future generations can simply never repay.
But hey, China is now the proud lien holder to the United States thanks to all of the funds that the Obama administration has given them. How’s that for hope and change? I don’t know about my readers but this wasn’t quite the change I had in mind… and sadly for my personal bottom line neither is it what our investors had in mind.
November is around the corner. The destiny of the United States is in our hands. Let’s send a message to the Obama administration that we are fed up with lies and the smoke and mirrors that were his “hope and change” platform.