Persistent Presidential Policies Provoke Potential Business Paroxysm
Repeatedly saying, “I am the job’s president,” “I’m a true friend of small business,” “I have the best interests of America’s Business at heart,” “My administration is fully-committed to fostering a climate supporting the business community,” etc., etc., ad nauseum . . . repeatedly spewing words, Mr. President, that are belied by vicious and repeated haranguing from the other side of your mouth . . . and belied more importantly, by a host of anti-business actions since Inauguration Day -- it just doesn’t wash . . . .
Item: If President Obama’s “six-month” moratorium on offshore drilling goes into effect, the eventual economic effect of his moratorium, will in all probability utterly dwarf the economic effect of the spill itself. All the Gulf state governor’s have called the moratorium hasty, ill-conceived and likely to seriously undercut their states’ recovery.
ITEM: Mr. Obama frankly told the San Francisco Chronicle his “energies policies will bankrupt the coal industry.” He has also repeatedly declared his cap and trade plan will “necessarily make the price of electricity skyrocket.” Threatening to bankrupt essential industries? Threatening to make the price of the most fundamental aspect of any business “skyrocket”? This is no way to create business confidence or a supportive business atmosphere.
ITEM: Obama has promised to reinstitute on January 1, 2011, all the tax cuts and tax amnesties instituted by the Bush administration. Spending by this administration has dwarfed that of all previous administrations. Rising taxes and snowballing government spending has always been a recipe for economic shutdown.
ITEM: consider the financial overhaul “Reform” bill just signed into law, Obama said, “Would stop all bailout’s forever.” Actually, the concept of “too big to fail” is written ingloriously right into that law and guarantees that such bailouts will become a way of life. Thus all big (too big to fail) businesses are free to take the most unwise risks imaginable and thus maximize their chances of huge profits while always having that government safety net below them that he just signed into law. Small business can fail while big business canNOT; Big business can gun for huge profits at no risk which would bankrupt small businesses.
ITEM: consider again the financial overhaul “Reform” bill just signed into law, the original problem besetting the country was actually a sub-prime lending crisis brought about largely by ACORN abuse (Barack Obama was an ACORN lawyer shaking down lending companies) and its effect upon agencies like Freddy Mac and Frannie Mae and HUD (housing urban development agency). HUD in 1995 under weaker versions of the 1977 Community Reinvestment Act granted 44% of all their housing loans to people who objectively could NOT afford to repay the mortgage. (Carter’s CRA ’77 was expanded to include Freddie and Fanny in ’92; twice expanded in 1995 and finally expanded on steroids in 1998 -- these last three moves all under Bill Clinton). By 2005 52% of all HUD loans were made to people who objectively were not fiscally eligible for the loans given to them including illegal aliens, people without jobs, and some people without even a rental history. So how were these fundamental problems addressed by the “reform” bill? These problems were NOT addressed at all. Not one single change to HUD, Fanny Mae nor Freddy Mac is found in the 2,300 page bill. In fact, the laws that did us in, all five of them, are still on the books.
ITEM: consider again the financial overhaul “Reform” bill just signed into law, hundreds of “directives” are required by the new law . . . directives not yet written; directives not yet written by regulators not yet hired. Once again a monstrous bill (2,300 pages) has been passed and no one actually knows what’s in it, or what it does, or how it does it. This is gross uncertainty, Mr. Obama. Legitimate business never thrives under uncertain conditions.
ITEM: consider again the financial overhaul “Reform” bill just signed into law, the bill itself is self-contradictory in numerous places implying that execution and control could be under this federal agency or that one or this other one or perhaps under a couple of them or even all three of them. More uncertainty for businesses.
ITEM: consider again the financial overhaul “Reform” bill just signed into law, one thing is certain, the bill is going to be a nightmare for business offices to deal with . . . tons of paperwork, tons of bureaucracy . . . all at huge costs to businesses in time, salaries, repeated efforts, etc. A nasty certainty for business.
ITEM: consider Obamacare’s so-called health care “reform,” more directives not written by more bureaucrats not all hired yet. 3,300 pages worth of newness, including almost 390 brand new government agencies created (FDR’s entire presidency spawned only 40 new government agencies). Uncertainty for the next eight years (when the final shoe drops as Obamacare is phased in) is horrible for business.
ITEM: again consider Obamacare’s so-called health care “reform,” 390 new government agencies means a horrific and an incredible ultra-bureaucratic bombing of businesses . . . the likely paperwork snowstorm is sure to be very expensive of time and money and trouble.
ITEM: again consider Obamacare’s so-called health care “reform,” ooops, it’s going to increase the deficits, the national debt and the problems for the country, not a good atmosphere for business to operate under.
ITEM: again consider Obamacare’s so-called health care“reform,”
health care insurance, as we now know it, is effectively wiped out by 2018 . . . in other words, government interference has consumed and by overbearing bureaucracy, utterly and negatively transformed an entire American business industry. That is certain to invoke the notion, "Are we next? More threat and more uncertainty for business.
Item: again consider Obamacare’s so-called health care “reform,” it is now 100% certain that “elective” abortion is covered by Obamacare as shown by the first two Obamacare offices opened up in New Mexico and in Pennsylvania. Based upon President Obama’s signed paper for Michigan Representative Bart Stupak swearing that the longtime federal policy of NOT funding abortions would continue with Obamacare, then since it clearly appears abortions are among the very first conditions covered by Obamacare, somebody lied and businesses don’t operate well under despotic, lying governments . . . ever.
ITEM: again consider Obamacare’s so-called health care “reform,” it does nothing for improving health. It does nothing to lower health care costs. It merely sticks 390 new government agencies between doctor and patient. It is, in short, a nightmare supposedly designed to help American citizens and American business . . . but actually just a way to grab control of the pulse of America . . . business doesn’t operate well under devious government control . . . ever.
ITEM: returning to the matter of the Obama six-month offshore drilling moratorium, Mr. Obama has had two of his six-month moratoriums set aside by federal judges and is now involved in a third such moratorium he’s issued . . . what Rajjpuut would call ‘sleazy lawyer slow-down shenanigans,’ (even putting the horrible effect on the Gulf economy as each of the now operating well goes out of business and drillers eventually return in five or ten years) get a clue Mr. Obama, businesses don’t operate well under that kind of Washington arrogance and sleaze.
Ya’all live long, strong and ornery,
Rajjpuut
