3) Regulators’ powers will be reduced in all government agencies, from federal down to the smallest municipality. In addition to providing openings for more business friendly projects, most projects will be able to become “shovel ready” faster.
4) Liability insurance costs will be reduced substantially in every business activity as tort reform will be passed in most states. Additionally some aspects of “loser pays” will be passed by the most business friendly and health care sensitive states. Texas created a model that will be copied by many others. With one of the largest health care centers in the U.S. located in Houston, Texas, the legislation was prompted by the exodus of physicians due to the costs of their insurance and dealing with frivolous lawsuits. Proving the value of tort reform, they have returned in exceptional numbers since 2003 when the first part was passed.
5) Manufacturing will grow in the U. S. again as a reduction of related costs resulting from many of the changes mentioned before and in the following will occur.
6) The creation of "enterprise zones" in poor neighborhoods will result in additional manufacturing opportunities and better training for inner-city youth.
7) Education of American children will improve as more control, decisions, and oversight will be returned to states and local parent-teacher organizations by the federal government. More and more problem areas will utilize charter schools and programs like those implemented in New Orleans, La. following hurricane Katrina. In every area of the country, decisions made in these types of environments will focus more on benefiting children’s educations rather than on the many other agendas that have been taking precedence.
8) The “light-speed” advances in, and in the application of communications technology will disburse information to every teenager and adult in this country and to most others in the rest of the world. This will result in much more exposure to a diversity of ideas and will further result in almost every American and many more outside of the U.S. having an opportunity to be better educated and thereby, more discerning in their choices.
9) Real tax reform will take place (believe it or not) resulting in reductions in costs of both human and financial capital. As part of it, the lowering of corporate taxes will contribute dramatically to the growth of business — both large and small — to jobs, and to manufacturing in the U.S.
10) Obstacles to investment will be reduced, partially as a result of tax reform and partially due to the reduction of regulations, which will help to promote more growth in the private sector.
11) Energy prices will be reduced or at least maintained at or near the current levels even as economies throughout the world grow. The environmental, “green”, and global warming lobbies will be downgraded in both their funding and influence, and cheaper carbon-based fuels will be promoted, developed, improved, and vigorously pursued in the U.S. as well as the rest of the world. Nuclear energy will also become more acceptable, further contributing to stable energy prices.
12) Most vending and coffee service operations fall into the “small business” category as generally viewed by governments from tax and regulation perspectives. Many of the changes cited above will include additional considerations for small businesses below certain numbers of employees. One specific example will be in the regulations area. Therefore, in addition to those cited above, many other changes specifically targeting small businesses will further enhance the opportunities for most of our industry’s operators.
The biggest potential obstacle that could delay this turnaround lies in Europe. Unfortunately, Churchill’s left-handed complement about the U.S. finally getting it right, has not always applied to the Europeans. Their policies and their failure to enforce the rules when certain countries violate specific rules involving debt when they formed the European Union are now coming to a head. Their dalliance in dealing effectively with the situation and creating more debt instruments to solve their debt crises could precipitate a financial crisis like the one in 2008 — not only in Europe but in the U.S. also.