Crush Liberalism

“Obama Tells American Businesses to Drop Dead”

That’s the name of the column by Kevin Hassett, and it’s a damning indictment on how the Communist-in-Chief is either an economic illiterate or a Marxist intent on destroying capitalism.  Neither scenario is comforting.  Excerpt:

So the question is, why does Obama advocate a policy that so flies in the face of everything that economists have learned? How could Obama possibly say, as he did last month, that he wants “to see our companies remain the most competitive in the world. But the way to make sure that happens is not to reward our companies for moving jobs off our shores or transferring profits to overseas tax havens?” Further, how could Treasury Secretary Tim Geithner call a practice that top scholarship has shown increases wages and employment in the U.S. “indefensible?”

I have to admit I am at a loss. Maybe it is good politics to bash American corporations, and Obama isn’t really serious about making this change happen. But if the change is enacted, and domestic corporate taxes aren’t reduced to offset the big tax hike, the result will be a flight from the U.S. that rivals in scale the greatest avian arctic migrations.

In other words, Atlas will have finally shrugged.

Elections have consequences.  America, you wanted a smooth-talking brutha to make you feel good about yourselves.  Well, how does his backside taste now?

June 9, 2009 Posted by crushliberalism | big government, economic ignorance, Obama, socialism | 2 Comments