As we head into Labor Day, let me ask that we stop blaming the working people for all the woes of business.

I'm sick of handing over our manufacturing base to China because our "labor costs are too high". 

Nonsense. 

We are addicted to low quality, cheap junk. Americans want everything and we want it cheap. China produces the crap we want at a cheap price. Okay, I get that. But look at the huge price we are ...

Seth Godin wrote on July 25th, 2011:

"The unhappy theory of business ethics is this: you have a fiduciary responsibility to maximize profit. Period. To do anything other than that is to cheat your investors. And in a competitive world, you don't have much wiggle room here."

That is is not only wrong, it's at the heart of what is killing our economy. 

Let's remember that catastrophe in Bhopal India. Nearly 4,000 killed by sheer negligence of safety. ...

What will the consequences of the downgrade be? What will be the trajectory of the recovery? How should business prepare?

The downgrade will have a price. I expect to see prices rise as the dollar weakens. Expect your cost of goods to go up.

Uncertainty is now magnified. The big order you expected will be put on hold. Expansion projects will slow. 

The political divide will deepen. There will be more acrimony than ever as each faction from ...