Thursday, July 08, 2010

Still Blaming Bush After All These Months

No matter how bad it gets, just remember that it is all the fault of George W. Bush.

During the 2008 Election the following business leaders of America encouraged voters to support their man, Barack Obama. They knew well that Obama's spiritual advisor of twenty-five years, Reverend Jeremiah Wright, was a Marxist who preached Liberation Theology. Listen to what these business leaders are now saying about their most favored candidate ever, and you will realize why the economy of this nation is in such terrible shape. It cannot be the fault of Barack Obama, it cannot be the fault of those business leaders who put him into office, so it has got to be the fault of President George W. Bush. What Obama's Most Prestigious Supporters Think of the State of the Nation, July 2010:

The real problem we have are some of the worst economic policies in place today that, in my judgment, go directly against the long-term interests of this country. We are, without question, in a period of decline, particularly in the business world. The real problem we have … are some of the worst economic policies in place today that, in my judgment, go directly against the long-term interests of this country." ~~Mort Zuckerman who added that he detects “hostility to the very kinds of [business] culture that have made this the great country that it is and was. I think we have to find some way of dealing with that or else we will do great damage to this country with a public policy that could ruin everything.

If you’re asking if the United States is about to become a socialist state, I’d say it’s actually about to become a European state, with the expansiveness of the welfare system and the progressive tax system like what we’ve already experienced in Western Europe. The curse of longterm unemployment is that if you pay people to do nothing, they’ll find themselves doing nothing for very long periods of time. Long-term unemployment is at an all-time high in the United States, and it is a direct consequence of a misconceived public policy. The critical point is if your policy says you’re going run a trillion-dollar deficit for the rest of time, you’re riding for a fall … Then it really is goodbye. I can’t emphasize strongly enough the need for radical fiscal reform to restore the incentives for work and remove the incentives for idleness. Do you want to be a kind of implicit part of the European Union? I’d advise you against it.” ~~Harvard business and history professor Niall Ferguson

From an industry standpoint, it’s below what a lot of people in industry have viewed as the solution to the jobs problem. When I talk to venture capitalists, their companies are starting to move their manufacturing operations out of the United States … Our corporate tax rate, on a worldwide competitive basis, is just not competitive. Taiwan is lowering their rate to 20 to 15 percent in order to stay competitive with Singapore. These countries have made it their job to attract industry. You don’t get that sense here in the United States.” ~~Silicon Valley guru Michael Splinter

He said jobs were going to be his No. 1 priority—there’s a huge disconnect between Washington and what’s going on out in the country.” The president’s economic team kept talking about a ‘cyclical’ problem. Larry Summers said jobs were a lagging economic indicator. All these things are simply wrong. The president put all his trust in the wrong economic team—an economic team that didn’t understand what was happening.” ~~Arianna Huffington

By reaching into virtually every sector of economic life, government is injecting uncertainty into the marketplace and making it harder to raise capital and create new businesses.” ~~Verizon CEO Ivan Seidenberg

Speaking of Barack Obama, “business did not like the U.S. president and the president did not like business.” ~~Jeffrey Immelt, Chairman, CEO of General Electric (The Anti-Business Obama)

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