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Since the November shellacking, Obama's PR is markedly less hostile to business. But the fact is, he still does not get it.
Now he is talking about the responsibility of business to help the economy, to hire people, in effect, to donate to prosperity.
In a free market, every transaction has two winners: you want the shoes, the store wants the money, you meet at the checkout counter and both parties improve their position. We do not owe our dinner to charity on the part of the butcher and the baker--it is their own self-interest that drives them to serve us and meet our needs. Their prosperity does not come at our expense; in fact, it is to our benefit.
In Obama's world, however, business must be hectored and taxed and regulated into doing the right thing. He does not understand the economics of freedom and prosperity.
Then you pick up today's WSJ, and see yet another attempt to limit the income of Wall Street execs by mandating that they hold on to at least half of the bonuses paid to their top executives for at least three years!!!!!!
What a moron!!!!
Does he really expect anybody to hite anybody as long as he and his big-business hating goons continue to micromanage the economy?
He is sooooo dense; for someone who (allegedly) attended Harvard and Columbia, he's really ignorant about how to grow an exonomy, and having a totally clueless Treasury Secretary printing funny money left and right is also pretty stupid.
Welcome to the 'new millenium edition' of 'the gang that couldn't shoot straight'.
This is what you get when we have folks running a country that have never run anything of their own before. They have absolutely no sense of responsibility, budgeting, etc.
They're playing with house money and if it causes others to fail...well, so what?
The three major indexes have gained more than 50% since hitting their lows, GDP is expanding, and private sector job growth has been happening for over a year now.
Since the November shellacking, Obama's PR is markedly less hostile to business. But the fact is, he still does not get it.
Now he is talking about the responsibility of business to help the economy, to hire people, in effect, to donate to prosperity.
In a free market, every transaction has two winners: you want the shoes, the store wants the money, you meet at the checkout counter and both parties improve their position. We do not owe our dinner to charity on the part of the butcher and the baker--it is their own self-interest that drives them to serve us and meet our needs. Their prosperity does not come at our expense; in fact, it is to our benefit.
In Obama's world, however, business must be hectored and taxed and regulated into doing the right thing. He does not understand the economics of freedom and prosperity.
Then lets deal with the reality of the current system--we're making big payouts in government pork to publicly subsidize companies that aren't creating private sector jobs, 2/3 of our corporations pay ZERO taxes, and the folks who actually pay taxes, small business owners, are paying at some of the highest rates in the world. That's not exactly what I'd a free market--it's corporate charity.
In "Obama's free market world" or at least the one he addressed specifically during the SOTU address, the corporate tax rate goes down to levels that make us competitive with the rest of the world, the loopholes disappear that keep most companies from NEVER paying anything, let alone their fair share, and we stop giving welfare payments to corporate bums who don't give us anything back except for big fat campaign contributions to politicians in their pockets. I'm a small business owner, and I can do just fine in the free market if the playing field is fair. That's what I heard in the SOTU address, and not the mumbo jumbo ranted about here.
This is what you get when we have folks running a country that have never run anything of their own before. They have absolutely no sense of responsibility, budgeting, etc.
They're playing with house money and if it causes others to fail...well, so what?
BINGO..a junior Senator is now running the country like a community activist.
This latest one of trying to regulate corporate bonus money and "force" executives to adhere to it is really unbelievable. I never thought I'd see the day when government dictated pay to corporations.
The three major indexes have gained more than 50% since hitting their lows, GDP is expanding, and private sector job growth has been happening for over a year now.
The market likes Obama's policies.
The biggest thing the markets like is that government spending is down and Obamacare will be a thing of the past !
For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.
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