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Thanks to everyone who came out to support our cause. This would not be possible without your support. This was a well ran race from all the candidates. We now look forward to November.
- A Message from Randy
- Friends,
- Why I believe our government bailout has failed us.The burden on businesses and individuals is ever growing in this most difficult economy. I believe our government’s economic bailout has failed. In fact, it’s caused an opposite effect. Let me explain.When the banks were given billions in bailout money by our government, they bought other banks, paid off debt, and kept the money in reserve. Instead of making loans to businesses and consumers they improved their financial portfolio with government funds. The billions given to Wall Street resulted in companies holding the money in reserve. Instead of investing in business expansion, growth, and new product development, business has been paying down debt. Today the Fortune 500 companies have the largest amount of cash on hand in history. As a result business is becoming smaller. Smaller business means no new jobs, lay offs, and fewer purchases, thus worsening the economy.Individuals have also been paying down debt. This year individual debt is the lowest in years. Ask yourself; are you in the market for a new car, new home, and a new monthly payment?What will stimulate the economy? We must allow businesses and individuals to keep as much of their hard earned money as possible. We must hold the line on taxes. We must pay down our national debt. Our skyrocketing national debt will certainly cause an increase tax burden on this and future generations further slowing if not crippling the economic recovery.
It’s a simple formula. When business has positive cash flow, business grows. New jobs are created and new products purchased. When individuals see growth in their pay checks and job security in their employers, their confidence grows. Fear of losing ones job wanes and new purchases are made.
We must elect experienced business leaders who know how to get things going again.
Randy Frye
To contribute to our campaign make checks payable to:
Friends of Randy Frye
4704 S US 421
Greensburg, IN 47240

