Posts Tagged ‘capitalism’

In other words, liberalism is more destructive to a city than an atomic bomb.

Now Obama and the Left are fighting hard to do for all of America what liberals have done to places like Detroit and Washington, DC (another hell hole). Chicago has lost more than 200,000 residents in the last 10 years, more than 1,000,000 people since the mid-1950s. Chicago, too, is going the way of Detroit.

Obama and the Left seem to think businesses have no other option than to remain in the U.S.

Wrong.

Corporation after corporation, business after business, are moving operations to countries where the labor is cheaper, taxes lower and where business is not vilified by the political leadership — places like, well, Communist China.

Then most of his article is one long list of “buts”

BEN SAYS: I must say, this is a huge admission for Obama.  This is the first time I’ve ever heard him give even one cheer for capitalism.  This might be one-and-and-half cheers for capitalism. If Obama actually did what he says he wants here, I would need to change the name of this site from Escape Tyranny to a much less zesty-sounding Reduce Unnecessary Regulations.

But Obama has show himself in his first two years to be all about running ever aspect of our lives.  You can have tyranny through excessive regulations — tyranny by the bureaucracy.  ObamaCare creats 159 brand new government agencies and provides for the hiring of 16,000 brand new IRS agents to harass us.  We now live under a kind of bureaucratic despotism that has smothered the spirit of entrepreneurship in America.  I hope Obama is changing his stripes.

But I really doubt it.  He needs a decent economy to get re-elected.  And he needs to show the voters that he really doesn’t hate capitalism.  He wants us to completely forget all he’s been doing these past two years to destroy capitalism in America.

Here’s Obama’s Article in Today’s Wall Street Journal

BARACK OBAMA-WALL STREETT JOURNAL: For two centuries, America’s free market has not only been the source of dazzling ideas and path-breaking products, it has also been the greatest force for prosperity the world has ever known. That vibrant entrepreneurialism is the key to our continued global leadership and the success of our people.

But throughout our history, one of the reasons the free market has worked is that we have sought the proper balance. We have preserved freedom of commerce while applying those rules and regulations necessary to protect the public against threats to our health and safety and to safeguard people and businesses from abuse.

From child labor laws to the Clean Air Act to our most recent strictures against hidden fees and penalties by credit card companies, we have, from time to time, embraced common sense rules of the road that strengthen our country without unduly interfering with the pursuit of progress and the growth of our economy.

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