The View From 1776

The No-Business President

      http://www.thomasbrewton.com/index.php/weblog/the_no_business_president/

Evidently Obama meant what he repeatedly claimed during his 4-year re-election campaign: “you didn’t build that; socialistic government did it.”  He repeatedly took credit, among other things, for raising petroleum and natural gas production, rescuing and revitalizing the American auto industry, and creating new jobs with “green energy” companies (most of which went bankrupt or remain alive only with Federal subsidies).

Meanwhile the president, plagued with the highest long-sustained unemployment since the 1930s’ Great Depression, ignored advice from major company officers appointed to his Council on Jobs and Competitiveness.  He, as was true of his socialistic predecessor Franklin Roosevelt, is either an economics ignoramus or a president intent upon destroying individual self-reliance and private businesses (note particularly the coal mining industry). 

For Obama the bottom line appears to be reducing everyone to dependency on the socialized political state, in which the driving force for the economy is, not productive employment in free-market competitive businesses, but the Federal Reserve manufacturing trillions of fiat dollars out of thin air.