Obama’s Anti-Capitalist Policies Are Anti-Job and Therefore Anti-Recovery
by Thomas Del BeccaroAmidst 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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