Small Business and Washington

President Reagan knew that small business was the lifeblood of the economy and did everything he could to empower it. I started WeatherData, Inc., my highly successful commercial meteorology company, in the first six months of his administration.

After he left office, about all I, and my entrepreneur friends, got from Washington was request for donations. I remember one day, with severe weather in progress and as I was on the forecast floor, picking up the phone (after my assistant said it was urgent) and it my was congressman asking for a rather large donation.

You may not be aware of "party dues." It is the system where a new congressmen arrives at the Capitol, is sworn in, and is immediately in debt. The amounts of money are in dispute but I am told for the newest members is around $150,000/year. If you raise more, you get better committee assignments, et cetera. So, to a large extent, all of the fund raising calls are understandable.

In the current crisis, it is vital that small business bounce back 100%. I have my doubts.


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