Thomas Paine in his Dissertation on First Principles of Government, published on December 23, 1791, wrote, “He that would make his own liberty secure, must guard even his enemy from oppression; for if he violates this duty, he establishes a precedent that will reach to himself.”

Our nation is deep into the longest post World War II recession in our history, prolonged by the uncertainty created by the policies of the Obama Administration and the Democratic controlled Congress.  Businesses, large and small, are holding on to an estimated $3 trillion in cash and are not going to invest and create jobs without a dependable view of future taxation, regulation and health care costs.  The taxation question is the most pressing at this point in time because of the scheduled expiration of the current tax rates less than eight weeks away.

Mr. Obama and the Democrats in Congress must have never read Thomas Paine’s words, do not fully understand their meaning or simply choose to ignore them.  They are also acting like the recent election was not the repudiation of their agenda that it clearly was. They continue to divide the American people with class warfare by demonizing those taxpayers who earn more than $200,000 per year.

Mr. Obama and his supporters actually believe that the American people will be satisfied with only a temporary extension of current tax rates for those higher earning citizens while most others would see their current tax rates made permanent.  They are sure the private sector will embrace that move and unlock their capital.  They could not be more wrong!

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Amidst polls showing flagging public support, the Obama Administration has decided to address the one poll, among all others, that will determine Obama’s political future: the unemployment rate.  As Scott Rasmussen points out, the unemployment rate has a lot to say in deciding a President’s popularity rating and election results – which is probably why Obama announced he would hold a jobs summit with small business representatives among others.

Speeches and photo-ops, however, won’t change the fact that Obama’s policies are anti-capitalist and therefore anti-job and anti-recovery.

It’s important to note that the secret to capitalism is not all that secret.  It’s right there in the name CAPITALism.   Our system relies on:

• Step 1.  The ability of some to aggregate enough capital, i.e. save money, so that they can . . .
• Step 2.   Invest in productive enterprises, i.e. start or grow businesses which  . . .
• Step 3.   Employ people – people who  . . .
• Step 4.   Have the ability to buy things, i.e. purchasing power (critical in a 70% consumer driven economy) – which in turn  . . .
• Step 5.  Creates profits for sellers and . . .
• Step 6.  Savings – and the cycle renews.

The Left’s political policies, however, are sworn enemies of that simple and effective economic process.

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