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Truth is stranger than Fiction
Mr. Obama went to the Chamber of Commerce a couple days ago reportedly to mend some fences with that body of corporate interest. It was an effort to mend fences and to make friends. I really wish he had included something like the following in his comments..
"I've heard it said that I am 'considered' 'anti-business'. Really?? I am 'anti-business'? Now, help me out here fellas, was it anti-business to bail out Wall Street banks so the Deregulation Disaster didn't become The Great Depression II? .. now, to be accurate here we must not forget my predecessor actually began the TARP, I just continued it, but I share responsibility for it. ....was THAT anti-business?
...and re-establishing Banking Industry regulations to keep bankers from running themselves out of business (betting other peoples money on things they didn't even understand) and causing another Credit Collapse....was THAT anti-business??
Was it anti-business when I approved loans and equity injections to keep General Motors and Chrysler from falling victim to the Trickle Down Disaster (and I did this over heated objections from certain Republicans who thought I should let GM and Chrysler fall into bankruptcy) which would have most assuredly sent us into a second Great Depression, as well as terminated the American automotive industry. Was THAT anti-business??
You know, I have a responsibility to the citizens of our nation to work to avoid economic catastrophes and to try to fix those like the one we were in when I took office. Some said I should have done nothing. But, that's the attitude that got us in the mess I was given to deal with.
Now I know you are concerned about making a profit and growing your companies. I understand that. Let me ask you something, how's this Trickle Down Prosperity going for you? You finding a lot of customers ready and able to buy what you want to sell? Let me suggest to you if you are worried about 'anti-business' policies you might talk to Republican leaders and ask them to stop sabotaging everything I try to do to keep consumer demand from dieing until YOU can get a sustainable recovery going by hiring more people.
I understand you have a couple trillion dollars in cash on hand but you are afraid of hiring people because you don't know if the recovery is 'for real' or not. If you are concerned about the viability of the recovery you might talk to Republicans about not fighting every effort we Democrats have been making to support consumer spending until you guys start hiring again... by that I mean every stimulus bill, every infrastructure investment. Now some are saying that Government should not invest in infrastructure but that we should wait for private sector to do it. Can you imagine let's say, General Electric putting up tens of billions of dollars for bridges and highways which their competitors will get as much benefit from as they will? Or that we should go back to toll roads and bridges. Now I would submit asking private businesses to fund public infrastructure projects is anti-business in that it doesn't make a whole lot of sense.
Look fellas, putting rational, effective regulations in place is PRO-business. It gives the honest businessmen a fighting chance against the con-men who will offer substandard products at cheaper prices and drive out the guys who are trying to make an honest dollar. A free market without any regulation quickly becomes a free-for-all. Without regulation we would just go back to the days (like the 19th century) when we repetitively careened from boom to bust and back again. And working to put loop-holes in the tax code ends up concentrating capital in fewer and fewer hands and in the end you end up without enough people with enough money to buy what you want to sell - in ever larger quantities. The result is, over time you find it harder to make enough profit and grow your businesses. IF we want a strong, growing economy we need to have a reasonably equitable distribution of wealth so you have customers who can afford to buy the products you want to sell. So working to prevent too much concentration of capital in too few hands is not 'anti-business'. It's actually PRO-business.
The fact is, we're all in this boat together and when a few people have too much of the wealth in their hands, the boat will begin to sink at one end. And then we all go down together, the rich and the 'not-so-rich' alike. Then nobody wins."
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