These are challenging times indeed. The U.S. economy is facing very real challenges to its pre-eminence in the wake of failed economic and foreign policy. Our housing market is in shambles, and inflation is threatening to eat away at the gains of the last 30 years.
Is this the end as we know it, or will we rise to the challenges of our U.S. economy? I prefer to be an optimist and suggest that we will indeed rise to the occasion.
How did we get into this economic mess? Frankly what is transpiring today should be of little surprise as the laissez-faire approach of those in power did little to inspire change or leadership to move us forward. When I say "those in power," I refer directly to Washington and all houses of government. No one is beyond reproach as there is plenty of blame to throw around.
Not far behind in the blame game is our own Federal Reserve. Not wanting to face the consequences of a recession, the central bank’s attempt to smooth out the business cycle has contributed to the current mess.
Unfortunately blaming anyone for what ails us does little to help solve the current problems. Instead we need to look to the future, learn from the past and move on. We need leadership.
The U.S. Economy: CEOs Need to Lead the Charge
Where will we find that leadership? A good place to start our search is in the executive chambers of many of our most dominant corporate entities. Specifically, Chief Executive Officers have the skill sets and platforms to lead us out of the morass.
I know, CEOs have been out of favor due to wage controversies and other shenanigans, but for the most part this group of leaders is more good than bad.
There is a very real reason why they get paid what they do, and it is more about talent than it is about manipulation and abuse.
Think about it for a moment. If I were at the helm of a Fortune 500 company looking at the landscape of today…> I would be excited beyond belief as the greater the challenges the greater the opportunity.
Yes, in the short run, dealing with a credit crunch, housing crisis and oil price inflation may result in pain, but the long-term solutions to these issues will give rise to a new tomorrow.
Imagine being at the helm of an organization that employed some of the best engineers and technical employees available in the world. Imagine being able to deploy these resources to solve the problems of the United States, mainly with respect to alternative energy and productivity.
And, imagine for a minute that if we are able to do these things the profits that would follow.
Could we do it? You bet we can. Now just what kind of Fortune 500 corporation has the platform necessary for this type of innovation?
There are many, but one in particular stands out: General Electric (GE).
GE: Bringing Good Things to Life
That’s right, GE. The company that brings good things to life has the ingredients to lead this country right into the future and beyond. From desalination plants to wind power to other alternative energy options, GE has the assets necessary to bring about change. Not only that, they have the profit motivation necessary to make it happen.
I think you can see where I am going with this.
For all the negativity that we face, there are rays of hope on the horizon. One of those rays of hope is GE. How can you not be a buyer of this stock? I would be and so too is Richard Young. Front and center in his Intelligence Report newsletter is the recommendation of GE.
We face many challenges as a nation. To the extent GE provides a solution to any of these, shareholders will benefit tremendously. I think you can take that to the bank.
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