China Schools Obama on Free Market Capitalism
by Lurita DoanIt’s okay for the Chinese to lecture President Obama on free market capitalism because he clearly doesn’t understand even the most basic principles of capitalism and needs all the help he can get. What’s not okay is for the Chinese to lecture the American people. Here’s what I think:
Americans understand that prosperity, true prosperity, is created by an economic system where strong dynamic firms with better ideas, management and motivated employees are free to prosper and the weak are allowed to fail. This kind of Darwinian economic system has allowed our country to prosper for over 200 years.
Americans also understand that the federal government doesn’t really create jobs that lead to economic growth because Americans know that any job the government creates can only be paid for by increasing taxes or by borrowing money–probably from the Chinese. Nor is there any need to remind Americans that small businesses are the engine that move our economy, and that small businesses create 3 out of every 4 jobs in this country.
On the other hand, there is an urgent need to help President Obama learn the basic principles of a free enterprise system and how jobs are actually created in a market economy, for he is plunging headlong in the opposite direction.
Even now, our President is unwisely erecting new barriers to job growth on small business by increasing the heavy burden of taxes and fees on small businesses that stifle competitiveness and growth.
President Obama ’s plan doubles down on bad policy by increasing spending on entitlements and wealth redistribution that will further erode American competitiveness, wealth creation and power. The President’s misplaced priorities are slowly, and certainly, convincing Americans that Obama just doesn’t get it, and that Obama has no understanding of what makes an economy competitive.
Competitiveness comes from a strong economy, which comes from a strong private sector business community—especially the small business community . Crippling taxes, wealth redistribution, trillions of dollars of debt are disincentives that make the United States less competitive. Americans know that creating a system that punishes the most successful Americans will not lead to economic growth.
Americans understand that there are winners and there are losers, that some kernels pop, and some don’t. When was the last time the Kentucky Derby announced: “let’s all share the blanket of roses and the prize money and the Derby Cup–after all, we’re all winners?” Not.
The Obama Administration may be filled with idealistic, clever academics and bureaucrats, but they know diddlysquat about creating jobs, Ten months of the Obama Administration, 4.3 million additional lost jobs and a jobless rate of 10.2% are all the proof American need of the failure of President Obama’s job-creation-pudding scheme.
Good teachers use every tool in their arsenal to help their students learn. President Obama has had ten months of on-the-job (OJT) training to try to get up to speed on business, the economy and competitiveness. But, the President’s OJT is proceeding slowly, too slowly. Our country needs for Obama to learn quite a bit faster if our economy is to prosper.
Barack Obama is now in the midst of a teachable moment, by the capitalists in China. So, if the President, after docilely accepting lectures from the Chinese, returns to the United States, smarter in the ways of free market capitalism, then bully for him and bully for us. If the President returns to endorse the same, failed , big-government, wealth redistribution schemes combined with colossal debt, then he needs to be put on double-academic probation until his performance improves.
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71 Comments
He's too smart to heed lessons. Just ask him and watch the continued job losses mount.
We would be better off if BHO just stayed there a while, we could work out some kind of student exchange program. Better to have a Chinese capitalist than an American marxist.
You are assuming Obama is failing the economy out of ignorance. I believe he is destroying the economy deliberately. The only other option is to believe that he and his advisers are SO stupid that they miraculously get EVERYTHING wrong without exception. You have to believe they can't even make a mistake in the right direction.
Barrack and Company are effectively and systematically conducting Jihad against America, and everything American. I don't think at this point even the Chinese could help him, but I'd hazard a guess that they make Anita Dunn all wet and warm. She probably has that Chris Matthews tingly feeling running down her leg, at the thought of Dear Leader Obongo, kibbutzing in the Motherland…………..
Barry has not run a hotdog stand much less had to balance a budget. He is an Ivory Tower academic liberal who has all of these theories about "Social justice" that he is implementing on this country with bad results. He will break us with his policies and say "Oops, I guess that didn't work", THIS IS NOT A GUSSING GAME BARRY, shape up and start making sound economic decisions before you bankrupt this country, damn, even I could do better than this.
This is what is so damn funny about the "Competetion" none sense the Obamites keep spouting in regards to healthcare.
They don't even understand the word, or if they do they are misusing it on purpose, the Government is not a competitor with the private sector, it is at best a leech on the private sector sucking it's life blood until the body dies.
I think Obama well understands where this will end if allowed to continue, I think he is just fine with it, his motivation is to grab power, not bring prosperity.
(the rest of my post): Read up on Cloward-Piven. Destroying the capitalist system is the first step toward recasting the entire system around Marxism. I hope he fails.
All too true, but that will just mean that it would have been much much worse had he not done whatever it is that he claims to be doing.
Heads he win's, tails we lose. No one is going to call him on it outside of some conservative media outlets.
I am sure if Obama stayed there a couple of months to help out that the dollar would start rising against the yaun, and then they would toss him out.
Even a good chicom wouldnt allow him to pursue his economically destructive policies.
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Everyone should get a good background on this. A lot of people reject assigning this motivation to Obama because it doesn't fit their worldview.
To those people I would say that when studying and adversary don't try and fit them into your belief system, they will be motivated by what they believe not by what you believe, or what you think they believe.
To most people the destruction of the republic and subversion of the constitution is a bad thing, to Obama and his cronies it's a good thing. When they say they "Love" their country they are sincere, they just mean something quite sincerely different than what you mean.
Supposedly the Chinese president told President Obama to stop suppressing Democracy.
http://obamareport.blogspot.com/2009/11/chinese-p...
And by the way-Chris now beleives Contacting AQ is "not a crime" just before the scum murders 14 umarmed citizens. The biggest crime of all is that America has to put up with such min dless dweebs.
Pretty funny-the RED CHINESE COMMUNISTS are schooling the OBamao on the virtues of capitalism. Even the descendants of the original Mao know more about free enterprise than the Obamao. Id bet anything the Chicoms are telling Obamao that hed better be paying off our debt and not with "stimulus funds"
That is BRILLIANT analysis…and frightening as hell…
don't forget that other bastion of free market capitalism- Russia's KGB leader Vlad Putin's assertions to Barry…
HE told him not to abandon free markets. So, we have the Red Chinese and former KGB urging our erstwhile Prez
to remember his Adam Smith.
Yikes…
Chairman oBOWma trying to lecture the Chinese on internet freedom, seems to have no
memory of his impending plan to control Americans' internet freedom. . .how stupid does
he think we are? or is it his handlers that think we are so stupid?
Even my life long, liberal mother-in-law has now thrown in the towel on this poseur. . .as of
hearing the internet sermon to the Chinese. . .said this was last straw.
The exchange with Joe the plumber during the campaign says it all. The end-game is control by re-distribution.
Did you know the Chinese are implementing private health insurance? Stay there a long time Obama and see they way the rest of the world is moving.
Obama is his own brand of terrorist.While he's not committing Islamist Jihad against the United States like the terrorist Hasan.Obama's commiting economic terrorism against the United States and he's trying to distance himself from that connection.
Although bringing terrorists into the US to be tried is it's own form of terrorism and I'm sure the commies are laughing all the way to the bank.
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OTJ, not OJT. It's small, but anything that liberal press can quote with a [sic] doesn't make us look good.
The only responsibility Barry was ever given was $150 million to improve Chicago's public school system. The results were a disaster. Although I did hear he had a job once, scooping out ice cream. One of the few jobs he's ever had.
Yes, and because Obamao slipped and gave away the farm, they had to destroy poor Joe to get the onus off Obamao's message.
Bambi doesn't know anything else. Raised and schooled by Marxist radicals, hanging with Communists and Mao lovers, he doesn't have a clue about the free market system. Unless, of course, he's cutting deals for his cronies, with a nice "campaign donation" for himself by way of thanks.
Obama believes in central planning, smart lib czars telling people what to do is his recipe for success, i guess he measures this success by how much worship he gets.
I have never read such a stupid and untrue article before.
Good article — All you need do is look at Obama’s pig flu vaccine shortages.
Some one had better explain how the economy works to this clown! Obama is nothing more than a tv anchorman and only have as smart! He's ruining this coiuntry faster slop thru a hog! We live in the greatest country on the planet and he's bowing and scraping like we've done something wrong! Bull Hockey! Obama is wrong and we're about to pay the price. I say Impeach the clown on the grounds of High crimes and misdermenors for bowing to a foriegn emperor! That is wrong on so many levels that i can't begin to explain to the stupid coolaid drinkers who voted for this fool! if we're lucky he'll get only one term. But if we don't demand that Acorn be prosecuted they will comitt voter fraud like never before to try and keep this golden goose in office so they can continue to rape America and your childrens futures! Wake Up America!
The reality around you is far more important than reality tv which they hope you watch so they steal you blind before the first commercial! wake Up if for nothing more than your children! Obama refuses to call a terrorist a terrorist becuase they Muslim like him. He won't show his brith certifcate becuase why? Oh maybe it's true he isn't a legal canidate! Show the birth certificate Obama! He's laying on more and more taxes to crash the system so he can declare that for the good of the country he is the new dictator in America! That's Obama's hope and Change! Hope he can get it done before you wake up and change America into a black racist facist state that is strongly socialist and communist! wake Up! Every person in the White House or anywhere else he appoints czars is a radical. Obama with his world apology tour is comitting treason by aiding and comforting the enemy and leaving our soldiers to fend for themselves Afghanistan and Iraq. he is unfit to command a popsicle stand let alone the country! wake up america!
I disagree, Obama is a true believer in govt., and the goodness it does and he is flat out wrong. Hes a socialist and may not even know it
true competition requires a fair level playing field, if a business competitior has taxing authority how is this fair competition? How did we get such a dunce president, hes embarassing
Just have to keep fighting
Obama understands! He said, in his campaign, the interests of community are more important than are the interests of the individual, and that means a socialist system much like China had and appears to be dumping. Obama knows that the pursuit of legitimate self interests built America and its unique prosperity and gave us "trickle down" prosperity for those not interested in pursuit of anything. Everyone shared in prosperity. Forcible sharing simply drives down prosperity overall, and he knows that. It is his intention to level America. claysamerica.com
will Obama ever see the light? chances arent good because liberals hate being wrong, they think it shows they are dumb and they are intelligence cultists, as opposed to common sense, but they are for the common man so they like to pretend
"We the people….. file banckruptcy". If the Chinese wish to keep taking debt from the politicians that's their stupid investment. Understand what would happen if taxpayers just filed notice to forigen investment companies that we no longer will back the debt of this country! I'll pay my prorata share to national defense, roads, and a small amount to run the courts system, nothing else. I will pay this money to a trustee fund handled by my State Goverment, they can settle the balance with the Fed.
What a twisted world we have. The Dictator of Communist China is lecturing our American President on Capitalism and I find myself cheering on the commie. Hey Obama, our banker just called and he said cool it on that health care thing.
How utterly and totally embarrassing, Obama is a national disgrace, humbling the greatest nation in the history of the planet.
[...] See original here: Big Government » Blog Archive » China Schools Obama on Free Market … [...]
We don't have a free market economy! what with the government bailing out Wall Street over the years, subsidies to agriculture, tariffs, etc. "They preach free market but practice mercantilism!"
I have a vision, I can see our future much more clearly now, I see from coast to coast in this great nation, from our northern border to our south,,,,,,DETROIT
coming to a community near you,,,,,,soon
Happy Thanksgiving and Merry Christmas from Obama and SEIU
I think Obama is just looting the system. The Dems have not had both the executive and legislative branches for 14 years. They are doing a smash and grab b4 the cops come in nov 2010.
Right. You can't compete with the regulator.
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71 cars to get him there and each time he manages to arrive on his knees.
It's OJT, leaving out the initial "t" for "the."
The error was in how it was expressed: "President Obama has had ten months of on-the-job (OJT) training…"
It should've been: "President Obama has had ten months of on-the-job training (OJT)…"
http://www.acronymfinder.com/ojt.html
http://dictionary.reference.com/browse/OJT
Your comment really gets right down to the specifics, now, doesn't it?
Well, no, it doesn't.
[...] Big Government » Blog Archive » China Schools Obama on Free Market … Share and [...]
Who is sending all the dollars to China? We are, we the people, by buying all that Chinese junk. Let's assume the Chinese take the $1.4 trillion they now have in dollars and turn it into (what's their money called?) their currency. Well, that would strenghten their money and weaken the dollar … by about half I think. That would mean all that Chinese stuff would be twice as expensive and our stuff would be 1/2 as costly. The Chinese are smart, so they won't do that. I agree that we should encourage small business development, but even more importantly, we need to buy more things made in America. Remember, the pendelum swings in two directions. I see a day when we will again have a strong economy. Bottom line, it's not just the governments problem, nor can they fix it. It's us. Think about this, how much Walmart stuff do you have in your house when a similar product might have been purchased in the US? Think about it as you watch TV on your flat screen Samsung, or talk on your Samsung cell phone.
Hey Cliff, at least use spell check. Talk about "have as smart."
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I think they ALL need to be tried for treason and shot!!
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I don't understand the Obamists way of thinking…?? maybe the need to watch an old movie called "Wild in the Streets'…about everyone under 30 yr old that thought those over 30 were the enemy…until they realized that one day they would turn 30 themselves and end up in the concentration camps they put the oldsters in…….:) very telling movie! One day all this will come back to bite them all in the a$$!!
The problem with that is America has no resources anymore to 'make things'…they don't have to pay Chinese workers anything, and U.S. businesses know that. We would have to stop shipping everything we have overseas…not sure how that would work. We would be hard pressed to find anything made in the USA that doesn't cost an arm and a leg!
NO way can we compete with foreigners earning 50 cents per hr. Business leaders, politicians, globalists, and Unions have all contributed to our job losses.
Social engineering societies, by the elites of this world, has not worked and will not work!
Unions even want illegal aliens, just for more monthly dues. Strong arming business owners with their thuggish ways…they do not work for their members, they work for more dues!
Politicians get perks, and continue FREE trade and not FAIR trade…now they know we cannot compete and will not speak the truth….which is, we have to trade our way of life, to a style more like Mexico's!
Tell your kids, the days of our land of opportunity are over, and they will be working for peanuts in the future!
You are totally right. He knows exactly what he is doing and is doing exactly what he wants to. It is called Cloward Pivin strategy and is the brainchild of (of course) two Alinsky following professors in the 1960's. We should all LAUGH OUT LOUD at Obama and his cronies Jarret and the rest that they follow the obviously LSD induced utopia societies that these commie pinko hippies came up with and now the commie pinko hippies that are in our government.
arent all our politicians theses days just looting the treausry of our tax dollars, the political class has no skills to exploit in a free market so they try to sell their worthless promises to a naieve public that theyve conviced of the myth that the govt. is the answer to theri problems despite the govt. pathetic track record of failure
Wow. I feel stupid. I blame Muphry's law (not to be confused with Murphy's) and low blood sugar.
You weren't in the least stupid, LOL. The author confused the issue, thereby confusing you.
You wrote: "…anything that liberal press can quote with a [sic] doesn't make us look good…"
That is a fact. Some days, the articles have more egregious errors than the comments.
Thank you for writing back, my Conservative brother. Onward and upward.
He needs to learn about more than capitalism, which is more about property and liberty than economics, he needs to understand usury.
If I should get a law passed that only I can have chickens, and you borrow a dozen eggs from me at usury, I expect 13 eggs as payment (principal + interest) next year. Where will you get that 13th. egg, only 12 eggs exist in the universe? You are not allowed to have your own chickens. I have a "mortgage" on your house. A usury debt cannot be paid, repudiation is the only way out. That is the cause of wars, which are "forclosure" actions against a belligerent "king".
As a community organizer Obama's money tree has always been funded by begging, blackmailing and brow beating big business and foundations for money. He and the Astro-serfs at ACORN & SEIU along with most of his administration will never understand the concept of capitalism. They will just print more money or use the Master/China card
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