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Starbucks CEO launches website demanding fiscal change

September 1, 2011

Starbuck's CEO Howard Schultz hopes his new website and Facebook page can help turn around the economy. The online campaign comes after his Aug. 15th open letter to all business owners asking them to take a pledge refusing to contribute to political campaign funds until "a fair, bipartisan deal is reached that sets our nation on stronger long-term fiscal footing.

As of today, the website has more than 1,800 pledges refusing campaign funds and nearly 300 pledges from business owners promising to do everything possible to accelerate job creation.

"The only way to break this cycle of fear is to break it," Schultz said in his letter. "The only way to get the country's economic circulatory system flowing again is to start pumping lifeblood through it. That is why we today issue a second pledge. Our companies are going to hire. We are going to accelerate growth, employment, and investment in jobs."

Large businesses, including AOL, Pepsi Co., The Walt Disney Company and NASDAQ, as well as smaller businesses, have already taken the pledge.

Talk to Schultz

Schultz also will host a national call-in conversation at 7:30 p.m. Sept. 6 with No Labels, a nonpartisan organization dedicated to fostering cooperative and more effective government. RSVP for the event here.

Do you support Schultz's idea? Leave your comments below.