....be good for America??
1. History, the instruction manual, is there. We can see which policy is successful, and what is less so.
Warren Harding inherited one of the sharpest recessions in American history in 1921. By July it was over. Harding and Treasury Secy Mellon cut government expenditures by 40 %, allowing wages to fall, in a natural recovery to full employment. The cuts, and even sharper tax cuts under Coolidge, produced the long period of growth and rising living standards associated with the Roaring Twenties.
2. No Leftist ideologue, Coolidge understood the relationship between the American people and business.
Often misquoted as The business of America is business, he really said:
... After all, the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world. I am strongly of opinion that the great majority of people will always find these are moving impulses of our life. Wealth is the product of industry, ambition, character and untiring effort.
In all experience, the accumulation of wealth means the multiplication of schools, the increase of knowledge, the dissemination of intelligence, the encouragement of science, the broadening of outlook, the expansion of liberties, the widening of culture. Of course, the accumulation of wealth cannot be justified as the chief end of existence. But we are compelled to recognize it as a means to well-nigh every desirable achievement. So long as wealth is made the means and not the end, we need not greatly fear it. January 17, 1925 Given before the American Society of Newspaper Editors
3. Obama sees red tape as an impetus toward prosperity:
"Now, let me be clear. The American economy does not stand still and neither should the rules that govern it. The evolution of industries often warrants regulatory reform to foster competition, lower prices or replace outdated oversight structures. .... A complete disdain for pay-as-you-go budgeting, coupled with a generally scornful attitude toward oversight and enforcement,..." http://www.nytimes.com/2008/03/27/us/politics/27text-obama.html?pagewanted=all
a. Steve Wynn: "I've created about 250,000 direct and indirect jobs according to the state of Nevada's measurement. If the number is 250,000, that's exactly 250,000 more than this president, who I'll be damned if I want to have him lecture me about small business and jobs. I'm a job creator. Guys like me are job creators and we don't like having a bulls-eye painted on our back. " Wynn On Obama: "I'll Be Damned If I Want To Have Him Lecture Me" | RealClearPolitics
4. Obama's view of business: ".... too often we've excused and even embraced an ethic of greed, corner cutting, insider dealing, things that have always threatened the long-term stability of our economic system. .... anything goes environment that helped foster devastating dislocations in our economy..... a chaotic, unforgiving capitalism. " Obama, Op.Cit.
a. Steve Jobs told his biographer, Walter Isaacson "the administration needed to be a lot more business-friendly...t was almost impossible [to build a factory] these days in America, largely because of regulations and unnecessary costs." Obama and (Steve) Jobs | Mother Jones
5. Rather than identifying the provenance of the mortgage meltdown as government dabbling in the housing market...clearly not one of the constitutional enumerated powers, Obama blames business: "... a free market was never meant to be a free license to take whatever you can get, however you can get it. That's what happened too often in the years leading up to this crisis." http://www.nytimes.com/2010/04/23/business/economy/23prexy-text.html?pagewanted=all
6. " Obama capped the first year of his presidency by deriding Wall Street titans as fat-cat bankers lapping up obscene bonuses,... edging back into pitchfork mode, assailing Bank of America for a $5 monthly debit-card fee and expressing solidarity with Wall Street protesters."
President Obama at war with himself over Wall Street - Carrie Budoff Brown - POLITICO.com
a. Former Bill Clinton pollster Doug Schoen wrote: " President Obama and the Democratic leadership are making a critical error in embracing the Occupy Wall Street movement.... The protesters have a distinct ideology and are bound by a deep commitment to radical left-wing policies.... it comprises an unrepresentative segment of the electorate that believes in radical redistribution of wealth, civil disobedience and, in some instances, violence." Douglas Schoen: Polling the Occupy Wall Street Crowd - WSJ.com
7. More than just words, Obama has tried to criminalize business:
" A persistent media-liberal lamentmake that a clichéis that too few financiers have been prosecuted for the financial crisis. But maybe that's because when the Obama Administration tries to prosecute a specific individual for a specific crime, it turns out there was no crime.... Edward Steffelin. As an employee at GSC Capital, he helped create a synthetic collateralized debt o.... it allowed investors to bet on the subprime housing market, it involved very little ownership of actual mortgages.... Since the Steffelin prosecution wasn't a criminal case but a civil suit, it presented a much lower bar for prosecutors to clear. But apparently not low enough. Last year U.S. District Judge Miriam Goldman Cedarbaum threw out the SEC's fraud charges, saying that it was a "big stretch" to say that Mr. Steffelin had a fiduciary duty to investors." Review & Outlook: Where Are the Criminals? - WSJ.com
So....where does America go....with a President who neither likes, nor understands business.....
...or one who leads it to prosperity?
And why no 'due diligence' by the voters who installed this ideologue to rule over the nation?
What an awful mistake.
1. History, the instruction manual, is there. We can see which policy is successful, and what is less so.
Warren Harding inherited one of the sharpest recessions in American history in 1921. By July it was over. Harding and Treasury Secy Mellon cut government expenditures by 40 %, allowing wages to fall, in a natural recovery to full employment. The cuts, and even sharper tax cuts under Coolidge, produced the long period of growth and rising living standards associated with the Roaring Twenties.
2. No Leftist ideologue, Coolidge understood the relationship between the American people and business.
Often misquoted as The business of America is business, he really said:
... After all, the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world. I am strongly of opinion that the great majority of people will always find these are moving impulses of our life. Wealth is the product of industry, ambition, character and untiring effort.
In all experience, the accumulation of wealth means the multiplication of schools, the increase of knowledge, the dissemination of intelligence, the encouragement of science, the broadening of outlook, the expansion of liberties, the widening of culture. Of course, the accumulation of wealth cannot be justified as the chief end of existence. But we are compelled to recognize it as a means to well-nigh every desirable achievement. So long as wealth is made the means and not the end, we need not greatly fear it. January 17, 1925 Given before the American Society of Newspaper Editors
3. Obama sees red tape as an impetus toward prosperity:
"Now, let me be clear. The American economy does not stand still and neither should the rules that govern it. The evolution of industries often warrants regulatory reform to foster competition, lower prices or replace outdated oversight structures. .... A complete disdain for pay-as-you-go budgeting, coupled with a generally scornful attitude toward oversight and enforcement,..." http://www.nytimes.com/2008/03/27/us/politics/27text-obama.html?pagewanted=all
a. Steve Wynn: "I've created about 250,000 direct and indirect jobs according to the state of Nevada's measurement. If the number is 250,000, that's exactly 250,000 more than this president, who I'll be damned if I want to have him lecture me about small business and jobs. I'm a job creator. Guys like me are job creators and we don't like having a bulls-eye painted on our back. " Wynn On Obama: "I'll Be Damned If I Want To Have Him Lecture Me" | RealClearPolitics
4. Obama's view of business: ".... too often we've excused and even embraced an ethic of greed, corner cutting, insider dealing, things that have always threatened the long-term stability of our economic system. .... anything goes environment that helped foster devastating dislocations in our economy..... a chaotic, unforgiving capitalism. " Obama, Op.Cit.
a. Steve Jobs told his biographer, Walter Isaacson "the administration needed to be a lot more business-friendly...t was almost impossible [to build a factory] these days in America, largely because of regulations and unnecessary costs." Obama and (Steve) Jobs | Mother Jones
5. Rather than identifying the provenance of the mortgage meltdown as government dabbling in the housing market...clearly not one of the constitutional enumerated powers, Obama blames business: "... a free market was never meant to be a free license to take whatever you can get, however you can get it. That's what happened too often in the years leading up to this crisis." http://www.nytimes.com/2010/04/23/business/economy/23prexy-text.html?pagewanted=all
6. " Obama capped the first year of his presidency by deriding Wall Street titans as fat-cat bankers lapping up obscene bonuses,... edging back into pitchfork mode, assailing Bank of America for a $5 monthly debit-card fee and expressing solidarity with Wall Street protesters."
President Obama at war with himself over Wall Street - Carrie Budoff Brown - POLITICO.com
a. Former Bill Clinton pollster Doug Schoen wrote: " President Obama and the Democratic leadership are making a critical error in embracing the Occupy Wall Street movement.... The protesters have a distinct ideology and are bound by a deep commitment to radical left-wing policies.... it comprises an unrepresentative segment of the electorate that believes in radical redistribution of wealth, civil disobedience and, in some instances, violence." Douglas Schoen: Polling the Occupy Wall Street Crowd - WSJ.com
7. More than just words, Obama has tried to criminalize business:
" A persistent media-liberal lamentmake that a clichéis that too few financiers have been prosecuted for the financial crisis. But maybe that's because when the Obama Administration tries to prosecute a specific individual for a specific crime, it turns out there was no crime.... Edward Steffelin. As an employee at GSC Capital, he helped create a synthetic collateralized debt o.... it allowed investors to bet on the subprime housing market, it involved very little ownership of actual mortgages.... Since the Steffelin prosecution wasn't a criminal case but a civil suit, it presented a much lower bar for prosecutors to clear. But apparently not low enough. Last year U.S. District Judge Miriam Goldman Cedarbaum threw out the SEC's fraud charges, saying that it was a "big stretch" to say that Mr. Steffelin had a fiduciary duty to investors." Review & Outlook: Where Are the Criminals? - WSJ.com
So....where does America go....with a President who neither likes, nor understands business.....
...or one who leads it to prosperity?
And why no 'due diligence' by the voters who installed this ideologue to rule over the nation?
What an awful mistake.
:
PoliChic 
