Howard Schultz has brewed up a storm, he is determined to refuse contributions to US politicians until they put forward a proper budget deal and put an end to their unconstructive squabbling. He emphasizes that a budget deal that slashes the national debt in the long term with the mix of cutting loop holes along with tax increases is a must immediately to revive the struggling economy.
Schulz, who is the present chief executive of Starbucks Coffee, is not alone in this drive, he is supported by other big names such as Tim Armstrong of AOL, Walter Robb of Whole Foods super markets, Pete Peterson of Blackstone private equity and many other popular corporations.
A drive of this sort to stop funding lobbying operations either their own or secondarily through pressure groups in business will bring about exhaustion of reserves or cash for major US political players. Consequentially, the initiative would get the needed awareness and attention from Washington officials.
This campaign by Schulz and group is just not a typical “howl of rage” on the US political situation. A few weeks back, Schulz wrote an open letter which lead to a movement and the launch of a website, uphillspiral.org. This website is divided into two parts with the second part gaining more popularity and interest compared to the first.
We too have confidence in directing and guiding an optimistic illustration, Schulz said. Presently the situation is such that the biggest economy of the world is frozen in a cycle of fear. Corporations are not hiring even though their treasuries have surpluses in cash reserves. “The only way to break this cycle of fear is to break it,” he said.
In the last couple of years, few corporate chief executives were as involved in calling attention to “regulatory uncertainty” or “anti-business rhetoric” in the White House. Yes, politicians can indeed make situations better or worse and that too in many profound ways. But Schultz will be able to achieve and re-teach a moral that was first taught 97 years ago by Henry Ford, back when businesses were just becoming streamlined and power houses for pollitical contributions.
To ensure demand for their goods and services, businesses must generate them on their own and that is the best solution available. Kudos to Starbucks, and now you can relax a bit easier sipping from that five dollar coffee resting in your cup holder right now.