Legal Life Lesson: VOTE or DIE! (Yes..it’s THAT serious!)

UPFRONT and BRUTALLY HONEST DISCLAIMER: I am a Democrat. I was born a Democrat, elected a Democrat, will marry a Democrat and will die a Democrat. Yet and still, I am passionate about small businesses and only want to see the BEST for them, especially those in Georgia.

As you may have noticed, the two major political parties had their conventions recently—- Republicans in Tampa, FL and Democrats in Charlotte, NC. (I had a ticket to see the President’s speech in Charlotte but Hurricane Isaac messed it up but that’s another blog for another day—a much LONGER blog mind you.)

In this blog, I want to convey as your Legal Life Lesson this: VOTE or DIE! (In the words of the famous Puff Daddy aka Sean Combs aka P. Diddy aka Diddy aka <<insert here most recent name>>) There is MUCH at stake this presidential election and as business owners you have NO EXCUSE for not engaging in the political process and the most fundamental of this is voting. If you REALLY want to be savvy, try advocating for your candidate of choice. And if you are just plain CRAZY, try writing them a check. On November 6th, you will have 2 choices written in: Governor Mitt Romney, Republican and President Barack Obama, Democrat. Here is an analysis and brief comment on each candidate with respect to businesses and the economy; the decision is yours. [Sources: http://www.businessweek.com/news/2012-08-29/republicans-vow-to-transform-obama-s-u-dot-s-dot-with-low-tax-freedom (David Lynch on August 29, 2012) and http://www.openforum.com/articles/sba-business-owners-defend-obama-at-dnc (Cortney Rubin, “SBA, Business Owners Defend Obama at DNC”, September 6, 2012)]

Republican Mitt Romney

  • Republican platform promises to replace an entitlement society with a “roaring job market to match a roaring economy.” (Sounds ok. Still waiting on those details about how to do that.)
  • It vows to reduce personal and corporate taxes, which are now around 40%. Although it would be interesting to see how many corporations actually end up paying anything.
  • It vows to promote small businesses. (Great! But don’t the SBA and Partnership for America already do this? What would be different?)
  • It vows to avoid taxpayer bailouts of troubled financial institutions (Yet ANOTHER blog for another day)
  • It vows to promote expanded trade in China and accuses the present administration of surrendering to commercial rival China as they steal trade secrets, manipulates its currency (causing the dollar to become unstable) and hampers US firms selling to Chinese customers (So we are going to push trade on China, so much for “made in America” and at the same time put the hammer down on these so called atrocities that the present administration has allowed? Alright. That should be some interesting diplomacy talks.)
  • It vows to repeal of the Frank-Dodd financial regulation law (Less regulation for financial institutions that helped us in this financial mess? That makes PERFECT sense (in my most sarcastic voice).

Democratic President Barack Obama

  • The President cut taxes for small businesses eighteen (18) times
  • The President increased the amount of guaranteed loans for small businesses.
  • The President, albeit temporarily, made the post of SBA a cabinet level position. (Mr. President, honestly, that needs to be a permanent level position. Yes—small businesses are THAT important. They create over 90% of jobs).

Analysis

A poll of over 2,000 business owners showed 61% favored Mitt Romney. As a politician, I am VERY wary of polls. (Who did they ask? Where? What was their definition of small business?) Only 26% said they would vote for President Obama with 40% saying that their votes could change based on the topics discussed during the convention. Small business growth in Georgia is at an all-time high. Just visit www.georgia.org/smallbusiness to see the most recent stats. With small businesses thriving and growing in Georgia, we can be a force within this presidential election.

Discussion Question

What do YOU want to hear from presidential candidates Mitt Romney and President Barack Obama about what they will do to help small businesses thrive and grow?

**The “Legal Life Lessons” Series was started by Attorney Kendrick in 2012 as a way to showcase real life legal situations that either she has experienced or those within her networks have experienced. The goal is to move away from boring, white paper style discussions about the law and focus on creating comfortable conversations about real experiences in the life of Georgia business owners.**

DISCLAIMER: Kendrick Law Practice and its attorneys are ONLY authorized to practice law in Georgia and NO OTHER territory, state or country and therefore any and all legal advice is only applicable for businesses and individuals that reside and/or located in the State of Georgia. Additionally, please be advised that this communication does not create an attorney-client relationship unless there is a signed or electronically filed retainer agreement on file with the Firm.
Kendrick Law Practice, LLC – www.kendricklaw.net (practicing business law exclusively)

Keeping Georgia small businesses “IN business and OUT of Court”

P O Box 630, Lithonia, GA 30058 * (678) 739-8109

Mission Statement: To provide Georgia small businesses PASSION for and ACCESS to HIGHLY CUSTOMIZED and PERSONAL business advice AND legal counseling, including document drafting, document reviewing and negotiating services. View an audio presentation at http://www.slideshare.net/kendricklaw/why-klp-kendrick-law-practice or a video at https://www.youtube.com/watch?v=3QFFIRk5ECw to answer “Why KLP?”.

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