U.S. Chamber Launches Campaign For Free Enterprise Join the movement. Turn the page to learn about the campaign and how you can get involved. Flip to the back outside cover to take the American Free Enterprise Pledge. U.S. Chamber of Commerce Fighting for Your Business ® INSIDE | P01_Nov09_fm.indd 1 The husband and wife team of Don and Andy Begneaud operates a successful sheet metal company that Don started while in college. Read their story and those of other everyday heroes of free enterprise on page 4. | Photo: Ian Wagreich 10/26/09 3:23 PM November 2009 FREE ENTERPRISE Behind the Campaign With Brian Gunderson As vice president and managing director of the U.S. Chamber’s American Free Enterprise. Dream Big. campaign, Brian Gunderson oversees one of the Chamber’s most ambitious initiatives in its nearly 100-year history. Gunderson sat down with Free Enterprise staff writer Sheryll Poe to discuss the campaign. Free Enterprise: Why is this campaign necessary? Gunderson: America is at a crossroads. We’re engaged in a national debate on the future direction of the country. Government is growing, and we face an enormous challenge to replace the jobs that were lost during the recession. In the context of these very large issues, we think it’s important to make a fresh case for the value of the free enterprise system. We think it’s important to remind people that it is a healthy, vibrant, dynamic free enterprise system that creates jobs, innovation, economic growth, and prosperity. Brian Gunderson Vice President and Managing Director American Free Enterprise. Dream Big. U.S. Chamber of Commerce Photo: Ian Wagreich Q: How did America lose its appreciation for a free enterprise system? A: For most of its history, the Chamber spent a lot of time talking about the value of free enterprise. With the end of the Cold War, however, the Chamber and other groups stopped doing that and focused more on specific issues. We’re now paying a price for that neglect. Increased government involvement in the private economy and some of the activities of certain union leaders, environmentalists, and other anti-business activists reflect a lack of understanding of the value of free enterprise and the role it has played in America’s success. So we’re getting back to our original mission and making the case for the free enterprise system. Q: What does the campaign include? A: We have designed the campaign to take advantage of the very broad range of capabilities of the Chamber and its friends across the country. Our innovative advertising campaign moves beyond the free enterprise base and carries the message to more challenging audiences, including young adults. We have MILESTONES IN AMERICAN FREE ENTERPRISE 1900 J.P. Morgan creates U.S. Steel, which will become the first billion-dollar corporation in history. 1901 America’s population stands at 76 million; federal spending is less than $500 million. The average life span is 48 years. The average income per person is $438, and approximately 40% of the population lives below the poverty level. 2 P02_Nov09_fm.indd 2 1903 a major grassroots effort under way to sign up newly identified supporters of free enterprise. Former Secretary of Education Margaret Spellings, who is now executive vice president of the Chamber’s National Chamber Foundation (NCF), the Chamber’s public policy think tank, will oversee a series of educational initiatives. We’re also conducting systematic outreach to governors, mayors, and Capitol Hill. There is a large social media aspect, which includes blogging and a presence on Facebook, Twitter, and Flickr®. We are working with our state and local friends to hold a series of regional events. It’s essential that the campaign take hold at the state and local levels. I can say that from the work we’ve done so far, we’re absolutely confident that a very impressive number of new free enterprise supporters will sign up for the campaign in a very short time. Q: Tell us about the 20 million job challenge. A: One of the main campaign themes is the serious jobs challenge facing the United States. As Chamber Chief Economist Marty Regalia recently pointed out, we’ve lost 7 million jobs since the beginning of the recession—3.8 million just this year. America needs to create 1 million or more jobs per year just to keep pace with our growing population. We also have a number of people who are underemployed, working in part-time jobs that should be full time. When you add it all up, we’re probably looking at having to create more than 20 million jobs in the next 10 years. And the only realistic way to do that is through a healthy, vibrant free enterprise system. Q: How will you measure the success of the campaign? A: We plan to conduct benchmark polling in which we ask similar questions at regular intervals. These questions will show whether public attitudes about free enterprise change over time. We’ve done the first round already. Q: How can small businesses get involved? A: Free enterprise supporters should join the movement. A key feature of the campaign is the Free Enterprise Pledge, a simple statement affirming the basic principles of the free enterprise system. Supporters can take the pledge, display it in their workplaces, and encourage their friends and co-workers to do the same. They can tell us what free enterprise means to them by uploading a short video to our Web site. They can also arrange community events—or even host a small gathering in their living room—to talk about ways to advance free enterprise values in their communities. Tak e act i on . Nineteen-year-old Jim Casey establishes the American Messenger Company in Seattle, which will become United Parcel Service. IBM is founded by Herman Hollerith in Broome County, New York. 1907 1924 The Wright brothers make the first successful flight. 1908 Ford develops the first Model T, which sells for $850. www.uschambermagazine.com 10/23/09 6:48 PM FREE ENTERPRISE November 2009 Reasons American Free Enterprise. Dream Big. To Support American Free Enterprise 1. Jobs 5. Small Business Free enterprise is the only system that can create the 20 million that we’ll need in the next decade. 2. Opportunity Regardless of wealth, status, or background, you have a chance to rise as high as your talent and hard work can take you. 3. Freedom of Choice You are free to choose your own path. No one picks your profession or limits what you can do or become. 8. A Progressive Society Almost anyone in America can start a business if he or she really wants to. The barriers are low, the opportunities are endless, and if you fail, and many do, you can get up off the floor and try again. A strong economy, powered by free enterprise, generates the revenues to educate our children, care for the sick and elderly, provide compassionate support for the less fortunate, and clean our environment. 6. Social Mobility 9. A Better World No other society offers so many avenues for individuals, families, and succeeding generations to move up the ladder of success. The size and success of our free enterprise economy have given the United States and its citizens an unmatched capacity to address global problems and improve the state of the world. 7. Quality of Life 10. The American Dream Free enterprise supports a quality of life that previous generations could only dream of. We are living longer and enjoying an unsurpassed level of material comforts because of free enterprise. 4. Innovation Free enterprise encourages it, fosters it, embraces it, and rewards it. Free enterprise excels in the solutions business. It could not exist without free enterprise, for it is our economic freedom that enables us to achieve our dreams. It is free enterprise that breathes life into the promise of America, which is that a better life is always within our grasp and our country’s best days are yet to come. L e a r n more . Survey Results Americans See Threats to Free Enterprise Majority Are Concerned About Its Future Some 57% of Americans are concerned about the future of free enterprise due to government actions in Washington, D.C., according to the results of a survey commissioned by the U.S. Chamber’s American Free Enterprise. Dream Big. campaign. Of the 1,005 registered voters sampled, 64% said that government action to stimulate the economy is needed in the short run, but that the nation must rely on free enterprise to create jobs and grow the economy in the long run. 1927 In addition, 71% said they have positive feelings toward free enterprise, and 80% said they have personally benefited from it, the survey by KRC Research found. The survey also found that voters have far more positive feelings about small business than they do about the federal government—89% said they feel very positive or somewhat positive toward small business, while 27% have the same feeling about the government. General Electric introduces the television. Alexander Fleming discovers penicillin. The first U.S. supermarket, King Kullen, opens in Queens, New York. The family-owned chain still operates in Long Island. 1928 1930 Charles Lindbergh makes the first nonstop solo flight across the Atlantic. 1929 The stock market crashes, triggering the Great Depression. www.uschambermagazine.com P03_Nov09_fm.indd 3 Approximately 42% of the respondents said that economic issues, including cutting taxes and creating economic growth, are most important to them. A second group of issues—improving schools, health care, and the environment—were cited as being most important by 29% of those responding. National security issues, including maintaining a strong defense, rounded out the top three issues. Data for the survey were collected in September 2009. The first HMO, Kaiser-Permanente® of Oakland, California, makes its health plan available to the public. 1938 1945 The first dry photocopy and ballpoint pen are created. 3 10/23/09 6:51 PM November 2009 C a p i t a l R o u n d u p | FREE ENTERPRISE F Free Enterprise: When Dre a Each day, free enterprise fulfills the hopes and dreams of millions of Americans. The heroes of free enterprise are students, the self-employed and small shop owners, the leaders of family-owned businesses, and the heads of America’s most iconic corporations. Here are some of their stories. Don Begneaud: Going From a Tinkerer to an Industry Leader Don Begneaud has always been a tinkerer. “As a kid, I was curious about everything. I took my toys apart to try to figure them out,” says the owner of BEGNEAUD Manufacturing Inc., a 70-person precision sheet metal manufacturing service company in Lafayette, Louisiana. Don’s wife, Andy, is a partner in the company, handling community outreach and employee relations, among other responsibilities. In college, Begneaud purchased a portable welding machine to provide on-site welding services from the back of his truck. Soon after, he hired his first employee. “He’d take my truck and go do jobs, and I’d ride my bicycle to school,” says Begneaud. Begneaud switched to night school and rented a building to work on welding for oil field companies during the day. In 1987, Begneaud went to a Chicago trade show to buy a $30,000 iron worker machine, which punches holes in metal and cuts angles and different shapes. While there, he was introduced to laser and computerized cutting machines, including machines by German manufacturer facturer TRUMPF. “That gave me the bug for more of the hightech equipment,” Begneaud says. “I believe if you create new value through innovation, the money will follow.” Begneaud borrowed $110,000 from his father in 1990 to buy his first computerized numerical control punch machine from TRUMPF. “The oil bust had crippled the banks around here. Because I didn’t have a long track record and looked so young, they weren’t going to give me a loan,” he says. Soon after, Begneaud bought his first laser cutting machine, which allowed him to do precision cutting. “As a small shop, and one of the first of our size to offer that kind of precision service, demand wasn’t great.” Begneaud told TRUMPF about his situation. “The firm called one of its customers in Pennsylvania who needed that type of work and connected us with them.” Today, BEGNEAUD Manufacturing is a multimillion-dollar company servicing a number of industries. Photo: Ian Wagreich Laura Ormson: Hitting a Hole-in-One in Business Laura Ormson knew that learning to play golf would help her in her future career. She just didn’t expect the links to be her fairway to entrepreneurship. As a teenage golfer, Ormson noticed that golfing clothes were made for boys. “You have to wear clothes that are appropriate for the golf course—shorts that are long enough and collared shirts. And a lot of them are just really boxy and not very flattering, and you don’t feel good about yourself wearing them,” she says. So Ormson began sketching ideas for golf apparel. After her first year as a communications major at Wake Forest University in North Carolina, Ormson and her mom, Cindy, who has a background in design, visited the university’s Office of Entrepreneurship and Liberal Arts, which awarded Ormson a $3,000 grant to do market research. She and her mom handed out surveys and talked to parents, players, and coaches. The feedback confirmed Ormson’s belief that there was a market for girls’ golf apparel. For the next two years, Ormson and her mom learned how to develop the designs, find the right pattern makers and manufacturers, and test the samples. Ormson sells the apparel, which includes skorts, tops, and accessories, through her company Web site, www.WearToWin.com, and at golf tournaments. The University of Notre Dame’s pro shop recently placed its first order and sold 25 of 36 pieces in three weeks. Since its June launch, Wear to Win has netted $6,000 in revenues. Also, an online golf retail Web site set to launch next spring contacted Ormson about selling her line. Ormson hopes to net additional young female golfers as well as revenues. “With Wear to Win, we’re trying to create a community where girls can be proud to play golf,” she says. “There’s a stereotype that it’s just for old men and old ladies and that it’s boring and slow.” After graduation, the 22-year-old plans to devote herself full time to Wear to Win. “There are a lot of opportunities, and I just want to see how far I can take this business.” Photo: Ian Wagreich MILESTONES IN AMERICAN FREE ENTERPRISE 1947 The Taft-Hartley Act is enacted over President Truman’s veto, reining in some union practices. 4 P04_05_Nov09_fm.indd 4 Otis introduces the first automatic elevator in Dallas. The first Xerox machine is introduced. 1949 The first transatlantic jet service begins. Bank of America launches the first credit card. 1952 1958 Jonas Salk develops the polio vaccine. Man walks on the moon for the first time. 1962 1969 Sam Walton opens the first Wal-Mart. By 2009, the company will be the world’s largest retailer and rank number two on the Fortune 500 list. www.uschambermagazine.com 10/23/09 7:04 PM P E FREE ENTERPRISE | C a p i t a l R o u n d u p November 2009 e ams Become Reality e , h The Libman Family: Sweeping Away the Competition Robert Libman arrives at his family’s broom and brush factory in Arcola, Illinois, every day at 6:30 a.m. and wonders how he can make his best-selling products even better. “We put our family name on them, so they have to be good,” says the 65-year-old. The Libman Company makes brooms, mops, brushes, and cleaning products. It’s best known for its Wonder Mop, which has a wringer sleeve that allows the user to wring out the mop without touching the mop head. Robert’s grandfather, William Libman, was a Lithuanian immigrant who as a teen peddled household goods out of a horse drawn cart in Chicago. His best-selling item was a corn broom made from a type of sorghum, a cereal grass with leaves similar to corn leaves. William started The Libman Company in Chicago in 1896. “In those days, it didn’t take a lot of capital to start a business—just hard work,” Robert says. By the 1920s, William’s three sons joined their father, and the family built a second plant in Detroit. Following the stock and commodity market crashes, the Libmans closed their Detroit factory and moved production from Chicago to Tuscola, Illinois, 180 miles south. The Libman Company thrived during World War II, producing more than 2,500 brooms each day for the War Department between 1942 and 1945. In 1957, the company bought an 11,000-square-foot grade school in Arcola and converted it into a factory. Today, the plant is 950,000 square feet, employs 300 people, and produces approximately 700,000 brooms, mops, brushes, and mop head refills per week. The company, which now includes the founder’s four great-grandchildren, is completely vertically integrated, making all the parts used in their products, including 80,000 steel tubes a day. When the 1993 North American Free Trade Agreement (NAFTA) made imported Mexican brooms more competitive, the company shifted its focus from low-technology products to innovative, upscale cleaning products, doubling its sales to $100 million per year a decade later. The company now owns 23% of the traditional cleaning tools market, and its products are sold in 10 countries. “One of the reasons we’re here now is because we innovate and invest in our company and our employees,” says Robert. Photo: Ian Wagreich 1971 Steve Van Andel: Selling Entrepreneurship Globally Steve Van Andel is carrying on the family business of creating entrepreneurs. Van Andel is chairman of Ada, Michigan-based Alticor, a privately held $8 billion company that operates in more than 80 countries and territories and employs more than 13,000 workers. Alticor’s best-known operating unit is Amway, the direct-selling business started in 1959 by Jay Van Andel, Steve’s father, and Jay’s best friend and lifelong business partner, Rich DeVos. Amway supports more than 3 million independent business owners around the globe. “My dad and Rich started the company with a very simple idea—that everyone, no matter what their financial or educational background—could start their own business and be their own boss,” says Steve. After serving in the military, Jay Van Andel and Rich DeVos purchased a small plane for $700 and started a flying school called Wolverine Air Service. While the business was reasonably successful, the partners questioned its long-term potential and sold it. In 1949, Jay’s cousin told the pair about his business selling a nutritional food supplement product called Nutrilite. Rich and Jay invested $49 for a sales kit and products and set out to recruit distributors. Within the first year, they grossed $82,000. In 1958, the pair struck out on their own, creating the American Way Association, which later became Amway. The Alticor family of companies has reported sales growth in seven of the last eight years. Amway now sells more than 450 personal products, from vitamins to mascara, all over the globe. Alticor also has interests in Interleukin Genetics; Gurwitch Products, LLC, which develops and markets the Laura Mercier and ReVive brands; Metagenics; and Amway Hotels Corporation. Steve Van Andel and Amway President Doug DeVos have carried on the families’ proud tradition of philanthropy, including playing a major role in the resurgence of nearby Grand Rapids, Michigan. Steve has also continued his family’s tradition of advocacy on behalf of the business community. Both he and his father served as chairman of the U.S. Chamber. “We have a great story to tell about how business improves peoples’ lives,” Steve says. Photo: Courtesy Alticor Bill Gates and Paul Allen form Microsoft. The Altair 8800, the first personal computer, is introduced by MITS. President Reagan’s economic plan dramatically lowers taxes and cuts the growth of federal spending. 1975 1981 Federal Express is founded by Fred Smith in Little Rock, Arkansas. Intel introduces the microprocessor. Southwest Airlines begins flying. 1978 Home Depot is founded in Atlanta by Bernie Marcus and Arthur Blank after they were both fired from a Handy Dan Improvement Center after a disagreement with their boss. www.uschambermagazine.com P04_05_Nov09_fm.indd 5 The first World Wide Web server and browser are developed. 1984 The AT&T monopoly is broken up. Apple introduces the Macintosh. 1989 1991 The Soviet Union is dissolved. 5 10/23/09 7:05 PM November 2009 FREE ENTERPRISE The New ‘Culture War’ Over Free Enterprise During the 1972 presidential campaign, Democratic candidate George McGovern told an audience of workers at an Ohio rubber factory that he planned to raise inheritance taxes significantly. This, he assured them, would help level the playing field and steer extra dollars away from the wealthy directly into their pockets. The workers responded with boos. McGovern was baffled by this reaction. He shouldn’t have been. The reaction was not rooted in economics but in culture. Americans dislike policies that abridge our freedom and opportunity to prosper—our free enterprise—whether those policies look like a good personal financial deal or not. President Obama is repeating many mistakes made by McGovern. He promotes policies that, in exchange for short-run economic relief, will double our national debt over the coming decade, nationalize large swaths of the private economy, and insinuate the government deeper and deeper into citizens’ lives. This is not a partisan point—Obama’s policies follow years of fiscal profligacy by Republicans. The response to politicians of both parties has been massively negative. Witness the tea parties, the town hall meetings, and the recent “Live Free or Die” march on Washington. These protesters are motivated by an “ethical populism.” They are homeowners who didn’t walk away from their mortgages, small business owners who don’t want corporate welfare, and bankers who kept their heads during the frenzy and don’t need bailouts. These were the people who were doing the important things right—and who are now watching elected politicians reward those who did the important things wrong and propose more long-term violence to the free enterprise system still. The government and much of the media insist that these protests were the work of a small minority of citizens, fomented by talk radio hosts and the like. The data tell a different story, however, and indeed make the protesters look quite mainstream. In March 2009, The Pew Research Center asked a random sample of American adults, “Generally, do you think people are better off in a free market economy, even though there may be severe ups and downs?” Fully 70% agreed with this statement, while 20% disagreed (the rest were undecided). Free enterprise is a manifestly middle-of-the-road taste. It is the government that is out of step today. What do Americans object to in the redistributive ideology? Nobody likes to be taxed punitively or to see wasteful government spending. Fundamentally, though, we object to the materialistic belief that the economy is nothing more than a money pump—for government, social projects, and various constituencies. On the contrary, Americans view our economic system as an expression of our entrepreneurial values. Despite its misstart, the administration can still find its way. To do so, it must embrace policies that Americans favor and which therefore strengthen the free enterprise system, rather than weaken it. President Obama could cut the corporate tax in half. No Republican would dare try this. He could also move to a consumption tax and gut a tax code that is currently a rabbit warren of special deals for interest groups. He could reboot the health care reform debate and In Their Own Words Free enterprise and the American entrepreneurial spirit will drive us to economic recovery. Rep. Jim Matheson (D-UT) foundation for both the The free enterprise system is the oy today and the quality of quality standard of living we enj critically important for American goods and services. It’s and it’s more important that Americans to understand this, its effort to preserve it. we stand with the Chamber in Joseph Bartozzi Counsel Senior Vice President & General O.F. Mossberg & Sons, Inc. North Haven, Connecticut MILESTONES IN AMERICAN FREE ENTERPRISE 1993 The North American Free Trade Agreement (NAFTA) is approved. 6 P06_07_Nov09_fm.indd 6 U.S. Chamber … [the] announcement by the for Free aign of Commerce of a new ‘Camp r’s yea most Enterprise’ could be one of the ments. consequential political develop E.J. Dionne Jr. t Columnist, The Washington Pos Arthur C. Brooks President, American Enterprise Institute www.aei.org start over with a plan to deal with our problems, instead of using them as a pretext for nationalization. He could show that he cares about future generations by not racking up an enormous debt burden—he could even show that he is more fiscally responsible than George W. Bush was. The best way to start would be to begin canceling the outstanding parts of the government stimulus bill. These—and many other—policy prescriptions are ready made and have been studied carefully by the nation’s top scholars and policy experts (including my colleagues at the American Enterprise Institute). It appears unlikely that the president or Congress will take any such suggestions, however. The reason is that income redistribution is the cultural objective itself. From health care reform to the economic stimulus, we are seeing policies that are intended to confiscate from the “rich”—but which also take from future generations and, indeed, from whoever is unable to guard his wallet. This, then, represents the new “culture war” in America. In 20 years, we will remember 2009 for the struggle between the culture of redistribution versus the culture of free enterprise. How this struggle ends is up to us. Free enterprise is the freedom to succ eed or fail based on opportunities created by a free and open market where the rules of the game allow the little guy to become a big guy through hard work, innovative thin king, and ready access to capital. It is a system that allow s for all companies—large, medium, and sma ll—to compete on a level playing field, with necessary but minimal government interference or regulatio n. Dan DiMicco Chairman, President, and CEO Nucor Corporation Charlotte, North Carolina Boeing acquires rival and fellow aviation pioneer company McDonnell-Douglas, forming the 34th largest firm on the 2009 Fortune 500 list. Oil giants Exxon and Mobil merge to form the number one company, ExxonMobil, on the 2009 Fortune 500 list. The United States grants China permanent normal trade relation status, clearing the way for its entry into the World Trade Organization. 1997 1999 1998 Google is founded by two doctoral students who came up with the idea as part of a research project. 2000 America’s population stands at 284 million. U.S. GDP is $10.11 trillion. Federal spending totals $1.79 trillion. The nation breaks a record for the longest period of sustained economic expansion in history. The average life expectancy is 74, and the median household income is $41,994. www.uschambermagazine.com 10/23/09 7:14 PM FR E FREE ENTERPRISE November 2009 Small Businesses Featured At Campaign Launch The U.S. Chamber kicked off its American Free Enterprise. Dream Big. campaign on October 14, 2009, with a high-energy event at its headquarters featuring the personal stories of successful business owners. Chamber president and CEO Tom Donohue opened the program by explaining the crux of the campaign. “We must pull ourselves out of the worst recession since the Great Depression and create 20 million jobs over the next 10 years. Over the long run, only the private sector, powered by free enterprise, can keep America working.” Donohue cited rising protectionism, federal spending equal to nearly 25% of the nation’s gross domestic product, and a national debt that has doubled over the past decade as significant challenges to America’s free enterprise system. “If we aren’t careful, the growth of government spending, taxes, deficits, debt, and regulations has the potential to suffocate our private economy,” he told the packed hall of Chamber employees, supporters, and small business members. Added Chamber Vice Chairman Tom Bell, “Our free enterprise system is a complicated balance of risk and reward, regulation and autonomy, success and failure. Many ideas don’t take flight, but the many that do change our country and our world for the better. At this critical time in our history, we must look for more ways to launch those ideas.” Ray Pinard, CEO of 48HourPrint.com, an online commercial printing company headquartered in Boston, and Patricia Owen, owner of FACES DaySpa in South Carolina, told their stories of how free enterprise enabled them to fulfill their dreams of owning their own businesses. Chamber Chairman Bob Milligan, founder and chairman of M.I. Industries, an animal and meat protein processing company based in Lincoln, Nebraska, told the audience how he started his own company hauling fertilizer and agricultural chemicals at age 19. He said, “The United States is still the gold standard for free enterprise. We need to live up to that, to protect and strengthen the greatest economic system the world has ever known.” From left to right: Business leaders Ray Pinard, Patricia Owen, and Bob Milligan, Chamber chairman; Chamber President and CEO Tom Donohue; and Chamber Vice Chairman Tom Bell each presented at the campaign launch. be taken for The private sector can no longer policy and granted. We need leadership innovative be to decisions that allow businesses ds. nee ion in delivering the jobs our nat by the d che The broad-based initiative laun e will ssag me U.S. Chamber ensures that this to as l wel be delivered to Americans as y. policymakers across the countr David Olson President ce Minnesota Chamber of Commer Free enterprise can be a great equalizer. It ca n turn depres sed communities into thriving centers. No en tity can increa se the number of new jobs like a small busines s that is create d and driven by a pu re entrepreneu r. It is what makes America grea t. Harry C. Alfor d Jr. P esident and Pr CEO National Blac k Chamber of Commerce o Apple introduces the iPod. Harvard University sophomore Matt Zuckerburg creates Facemash, which becomes the social networking site Facebook. 2001 2003 2002 There are 23 million U.S. small businesses; 6.5 million are owned by women and 4.1 million are owned by minorities. Veterans make up 14% of all business owners. e e The free enterprise system is the bedrock of the way we do business here in America. If we want to grow this economy and create jobs, government needs to empower, not burden, entrepreneurs. Tim Keough President Kinsail Corporation Arlington, Virginia Free enterprise is the ability to operate a business without any government regulatio n beyond what is necessa ry to ensure a fair pla ying field and protect the pu blic interest. Free enterprise has worked best for us where there are incentives to purch ase new machinery or reinvest in our business . That reinvestment he lps us create jobs, offer co mpetitive benefits, an d give back to our comm unity. Shelby Ricketts Chief Operating Officer Insul-Fab of Texas Dallas, Texas Dow Jones reaches its peak at 14,279 points in October. 2005 2007 The online video sharing and viewing community YouTube is invented by three former PayPal employees. Google buys it a year later for $1.65 billion. U.S. Chamber of Commerce launches the American Free Enterprise. Dream Big. campaign on October 14. 2008 2009 A global financial crisis necessitates government interventions. There are 27 million small businesses in the United States. www.uschambermagazine.com P06_07_Nov09_fm.indd 7 Photos: Ian Wagreich 7 10/26/09 3:25 PM December 2009 C a p i t a l R o u n d u p | WASHINGTON IN BRIEF Member Discounts and Services Chamber of Commerce of the United States® discounts and services are offered to members ONLY. Save on Car Rental 800-228-4358 Save on FedEx Shipping AVIS—Enroll for free in the Avis Corporate Awards® Program to enjoy premium services and savings. Key benefits include low corporate rates, members only discounts, and reward days. www.uschamber.com/avis 866-931-4597 Budget—Get Savings + Rebates when you enroll in the Budget Business Program®. U.S. Chamber members can also sign up for complimentary Fastbreak® membership that lets you skip the lines and go straight to your car. 800-345-6227 FedEx—U.S. Chamber members are eligible for reduced rates—up to 26% on select FedEx Express® services and up to 12% on select FedEx Ground® services. The FedEx Express discounts include a 5% discount when you create a FedEx Express shipping label using FedEx Ship Manager® at fedex.com and other FedEx® electronic shipping solutions. Plus, you save up to 70% on FedEx Freight® and FedEx National LTLSM services. 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That’s a savings of 66% off the regular price! 877-870-2158 Visit the Monster benefits page today to learn about special benefits, such as the Hiring Toolkit and discounts on jobs and resumes. www.uschamber.com/monster 800-726-7258 Additional benefits: • No minimums, no contracts • Business Members-only hours • Online ordering • 100% satisfaction guarantee on merchandise, membership, and more www.uschamber.com/samsclub Members also have access to a variety of Chamber programs, information, and services by visiting www.uschamber.com/member. Free Enterprise Chamber of Commerce of the United States 8 1615 H STREET, NW WASHINGTON, D.C. 20062 P08_Nov09_fm.indd 8 Publisher Thomas J. Collamore Executive Editor Kevin Ganster Editor In Chief Gregory S. Galdabini Editor Laurie S. Frankel Staff Writer Sheryll Poe Sr. Graphic Designer Miyoung Yoon Sr. Production Director Heidi Gioseffi Free Enterprise is published monthly by the United States Chamber of Commerce at 1615 H Street, NW, Washington, DC 20062-2000. Copyright © 2009 by the United States Chamber of Commerce. All rights reserved. No part of this publication may be reproduced or transmitted in any form—print, electronic, or otherwise—without the expressed written permission of the publisher. If you have any comments on this publication, please write us at the address above or send an e-mail to [email protected]. MEMBERS Photographer/Photo www.uschambermagazine.com Editor Ian Wagreich Production Artist Brian G. Miller To change your address or for other customer services, call 800-638-6582 or e-mail [email protected]. 10/23/09 7:18 PM
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