In 1980, Robert L. Johnson founded Black Entertainment Television. He later sold it to Viacom for almost $3 billion, making him the first African-American billionaire.
Now as chairman of RLJ, a business network that “provides strategic investments in a diverse portfolio of companies,” Johnson believes companies are sitting on the sidelines until leaders of the country decide which way they are going to treat job creators.
“I don’t think we have the leadership either in the White House or the Congress to end what I call a zero-sum game mentality towards the U.S. economy. And until both parties agree that the goal is to rebuild the American economy to reflect the 21st century on a global environment – we’re going to be stuck.”
He is particularly concerned for the African-American community in our country and the social unrest that is being created:
“And it’s a little bit frightening from the standpoint of a business person and particularly an African-American business person…..studies continue to show that African-Americans are falling behind by every indices that you can imagine – home ownership, economic opportunity, access to capital. And that to me, creates a prescription that could lead to two societies, separate and unequal, but also to a lot of social unrest.”
His solution is one that our political leaders should have embraced long ago:
“My message to Washington is simply sacrifice your political job for the job that American people want you to do. That’s as simple as that. Be willing to be a one-term congressperson. Be willing to be a one-term president, be willing to be a one-term senator.”
In regard to Yakima, our labor market is shrinking and unemployment in our county is hovering at 10%. There isn’t a lot of hope under Obama’s grow-government mentality that our situation is going to undergo recovery any time soon. It’s emergency time for our leaders to concentrate on capitalistic principles and do whatever they can to encourage businesses to grow. In other words, unleash American entrepreneurship!
In the words of Chris Christie concerning Obama’s poor leadership style, “Telling those who are scared and struggling that the only way their lives can get better is to diminish the success of others. Trying to cynically convince those who are suffering that the American economic pie is no longer a growing one that can provide more prosperity for all who work hard. Insisting that we must tax and take and demonize those who have already achieved the American Dream. That may turn out to be a good re-election strategy for President Obama, but is a demoralizing message for America.”
New York’s Bloomberg warns that the unemployment situation throughout the country could lead to widespread rioting.
BET FOUNDER GOES “IN” ON OBAMA!
Multimillionaire donor decries Obama’s class warfare, “Economic Success has somehow become the new boogie man; some in the Democratic party are now casting about for enemies and business leaders and anyone who has achieved success in terms of rank or fiscal success is being cast as a bad guy in a black hat. This is counter to the American Dream and is really turning off so many people that love American and basically carry our country on their back by paying taxes and by employing people and creating GDP.”–Ted Leonsis
Charles Schwab Bashes Buffet Rule, Obama Policies, “Advocating for the entrepreneurial spirit that he says is critical to American business, and using his own experience as an example, Schwab calls for Congress to review ‘every piece of existing legislation and regulation with a clear eye to what impact it will have on business and growth.’”