Wednesday, July 14, 2010

Business Leaders to Confront Obama Today, Expect Hilarity to Ensue

In what should be an interesting meeting, a group of business leaders are to meet today with President Obama to discuss his administrations' policies and how they are resulting in prolonging our current Great Recession.

This blog would love to be a fly on the wall during that meeting.

This isn't just any group. It includes the US Chamber of Commerce, the Business Roundtable, and the National Federation of Independent Businesses, heavyweights all. They'll be there to speak to a tone-deaf administration that has done more to cripple the free market than any other administration since Jimmy Carter. They've also issued an open letter to the President. (Note - the link is at WSJ article linked above, too long to cut and paste, sorry.)

Obama's demonization of business shows us just how hostile he is to the lifeblood of America. He ignores even the basics of economics and disregards the many positive things that our free market has done for our nation and the world. He hews to the false radical leftist philosophy that all corporations are evil and that business is a zero sum game; profits earned are taken away from someone else, namely the worker. Nothing could be further from the truth. He also ignores the fact that many Americans rely on a healthy economy for their retirement income. Obama also seems unaware that the taxes paid by businesses are funding the very large government he is intent on creating ,which are currently lagging as the economy worsens.

But then again, Obama has no experience in the real world or the business world to draw upon. His adult life has been spent inside the ivy-covered walls of academia, insulated from the realities of the marketplace where bad decisions affect many. He's never felt the weight of responsibility of meeting a payroll upon which his employees depend for their livelihood. He's never had to justify the expense of a new hire or the purchase of a new piece of equipment. Balance sheets are as foreign to him as the notion of American exceptionalism. He has likewise never known the appreciation of coworkers, or the satisfactions of a job well done, on time and within budget. He has no knowledge of having a good reputation in his field. He's also unfamiliar with the feeling of passing along his knowledge to an eager young employee who wants to learn.

No, there's a lot that Mr. Obama has yet to learn about business. And the leaders who gather today in Washington risk the very real possibility of this meeting turning into this Far Side cartoon.

Let's hope not, for our sake and the sake of our nation.

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