In his book titled Dreams of My Father, President Obama wrote:
“Eventually a consulting house to multinational corporations agreed to hire me as a research assistant. Like a spy behind enemy lines, I arrived every day at my mid-Manhattan office and sat at my computer terminal, checking the Reuters machine that blinked bright emerald messages from across the globe.“
Regardless of what he may say to us when addressing workers around the country from behind the Presidential Seal, Mr. Obama loathes the private sector. If you disagree, read the excerpt above again. It’s obvious, and in his own words, written before the economic crisis and before he became President. Mr. Obama continues:
“I would catch my reflection in the elevator doors – see myself in a suit and tie, a briefcase in my hands and for a split second I would imagine myself as a captain of industry, barking out orders, closing the deal, before I remembered who it was that I had told myself I wanted to be and felt pangs of guilt for my lack of resolve.”
Does this sound like an individual that understands the critical importance of the private sector when it comes to job creation and economic development?
Simply holding a jobs creation summit and calling it a Jobs and Economic Growth Forum, won’t make jobs magically appear, especially when you consider that most of the attendees on the list are large unions, democratic party community organizers or CEO’s of companies who donated funds to the Obama Presidential ticket.
In his opening address at the forum, President Obama made a statement that seems counter to his government-is-the-answer core beliefs:
“We donâ€™t have enough public dollars to fill the hole of private dollars that was created as a consequence of the crisis.Â It is only when the private sector starts to reinvest again, only when our businesses start hiring again and people start spending again and families start seeing improvement in their own lives again that weâ€™re going to have the kind of economy that we want.Â Thatâ€™s the measure of a real economic recovery.”
The President is absolutely correct when he says we don’t have enough public dollars to fill the hole that was created as a consequence of the crisis, even though they did their best to fill this hole with trillions in stimulus and bailouts over the last year with no improvement in our underlying economic fundamentals. The President, not surprisingly, failed to mention that the crisis in the private sector was enabled by the very people that have been appointed to fix the problem.
My own father, like Mr. Obama’s, has dreams too. He often talks about one of them, where he dreams that the politicians and bureaucrats in the public sector first breaks his legs, and then they give him crutches to help him walk.
They’ll never admit they broke your legs, but they will all jump in front of a news camera for as much air time as possible to tell you how they gave you the crutches so you can walk again.
Talk is cheap, and it is becoming increasingly difficult to have any hope that change will come to America when we hear the President say one thing at the jobs forum, all the while he and Congress having been doing another:
“If there are things that we are doing in Washington that inhibit you, we want to know.“
Really Mr. President? Because for the last year it seems that the people, including America’s workers and small business owners, have been doing just that. We ask only that you turn on the radio or visit a few non-mainstream blogs and web sites, and I’m certain you’ll find that we’ve been telling you what is inhibiting us.
- How about telling us that you’ll be raising our income taxes and eliminating the “Bush” tax cuts? You know, when you tell the American working and middle class that you’re going to raise our taxes, we’ll probably respond by saving what little money we have left after paying our monthly expenses. Why would we take the risk of spending any excess money, when we know you’ll be raising our taxes next year? There’s a big inhibitor.
- What about universal socialized health care? We realize that there are millions of Americans who believe health care is a right, but there are many more millions who don’t believe this, and do not want the government controlling it. How do you think the private sector small businesses are going to respond when you tell them they will be forced to provide coverage for their employees or be shut down? How will private citizens respond when you tell them they’ll need to spend an additional $5000 a year on health insurance or be sent to prison? Well, my guess is that small businesses and individuals will respond the same way, they will not spend a dime! And those small businesses, they will certainly not be looking to hire more people if they know they will be shelling out a large percentage of their available hiring capital to the federal government because of mandated health insurance policies. We could call this another inhibitor, no?
- We have one of the highest corporate tax rates in the world. The President must realize, don’t you, that when you raise taxes on evil corporations, that those costs are then translated to consumers right? And most consumers, not because they want to, but because they have to in order to maintain fiscal solvency, will purchase cheaper goods from foreign producers who don’t have to pay the obscene tax rates. In many cases, the corporations that actually produces tangible goods can’t compete on a global scale, so they will either become extinct, or relocate to a country that won’t tax them like they do in the USA.
- Excessive regulation is another problem. See, when the government over regulates, guess who is hurt the most? It’s not the billion dollar corporations who have the legal and regulatory resources to deal with government guidelines. It’s the small business on the street, which doesn’t have the funding to keep up with yearly and monthly changes to regulatory laws, that is threatened.
- And finally, the over spending in Washington. On main street, when we spend more than we have, it’s called bamkruptcy. And, people that go bankrupt often lose everything, and may even find it hard to feed their family. Of course, this isn’t an issue in Washington, right? There, we just spend trillions of dollars, using the backs of the American people as collateral. Here’s a clue: when business owners see the government spending trillions of dollars they don’t have, and then blowing that money on so called “stimulus” projects that produce nothing of long-term value, they become alarmed. Because business owners know that when the government flushes this money down the deficit toilet, that someone will eventually h ave to pay for it. And that someone is going to be the businesses themselves and the people who buy goods from those businesses. If someone can explain to me how this leads to more hiring by businesses and more spending by consumers, it would be much appreciated.
In the worst economic crisis since the Great Depression, America somehow elected the exact opposite of what was needed to quell the crisis and get this nation back on the right foot. And unless something changes in Washington, there is not going to be any true recovery.
Actions speak lounder than words, and right now, the actions of the President and Congress are screaming: INVIDUALS, SAVE YOUR MONEY, DON’T SPEND ! BUSINESS OWNERS, GET OUT OF AMERICA AND SAVE YOURSELVES WHILE YOU STILL CAN! THERE IS NO RULE OF LAW, YOUR CAPITAL IS NO LONGER SAFE HERE!
For Mr. Obama, and many of our other elected officials, the private sectory is the enemy. Make no mistake that the goal is the total and complete destruction of that enemy.