Ran across this clip from CNBC over at Breitbart.tv.
I strongly disagree with his support of the stimulus, TARP and the auto bailouts but his warnings about all the uncertainty and tax increases that the Obama Administration is pushing is on the mark.
Business functions best in a stable atmosphere. With the huge burdens that this administration is preparing to throw on the private sector it’s no wonder unemployment isn’t budging from ten percent.
How about taking off the shackles and letting business do what it does best… generate wealth.
Increasing the cost to do business is simply poor policy. Businesses will only have two options, increase the cost to their consumers or go out of business. It will simply increase the cost of goods, force people to consume less and, in the end slow our economy even further. It all comes back to the consumer. The downward spiral effect from these lunatic policies may at some point be impossible to stop. You can only tax a person so much.
Reminds me of another quote.
“The problem with socialism is that you eventually run out of other people’s money.” - Margaret Thatcher
The wealth creators (small business people) will eventually not have the capital to create more wealth. This means no jobs for poorer Americans. Somebody has to put the capital at risk to start or expand an enterprise to create the jobs that we need. When the tax burden is too high and regulation too onerous, risk becomes too great to make the investments necessary for job creation.
I’m afraid that before this administration is run out of town that it’ll bring this country to it’s knees.
Americans seem to look to the government for all the answers instead of the proper direction of the private sector. How will they react when our economy crashes? That reminds me of another quote that seems to fit the occasion (I’m a sucker for a good quote).
“In the end they will lay their freedom at our feet and say to us, ‘Make us your slaves, but feed us.” – Dosteovsky’s ‘Grand Inquisitor’
Will the American People beg the government to do whatever it takes to fix the nightmare or will they recognize that the government is the catalyst? The decision that we make in the end will determine in which country our children grow up.
