Filed under: Entertainment, Humor, Pop Culture | Tags: Creative Commercials, Imagination & Terror, Root Beer
OK, this is just silly, but I thought you might need a good laugh.
Filed under: Capitalism, Economy, Freedom, History, The Constitution, The United States | Tags: "Profit" is Not a Dirty Word, Job Retraining, Misunderstanding
Forgive me, but this is so embarrassing. Barack Obama has just carefully explained that he has no understanding whatsoever of business. Like many leftists, he regards profit as something rather distasteful. The good things are when government retrains all those who have lost jobs due to private enterprise laying people off. Government investing money to encourage investment, encourage innovation, those are good things, aren’t they?
The only reason for a business to exist is to earn a profit, whether for the sole businessman or for huge groups of investors. If there is no profit, the business cannot operate. You have to earn enough to pay expenses, and have a little left over to live on, and to keep the business going until the next day when the process begins again.
Without a profit, a business cannot pay the wages of the workers. Without wages, the workers cannot pay taxes. Without taxes, there in nothing with which to enable a government to exist.
All those wise bureaucrats in government are there because of the profit in private business. Their comfortable offices, fancy buildings, government cars and hefty salaries come from business profits distributed in wages to workers who pay taxes to support the government. The government has no money of its own. The whole caboodle is supported by a vast array of taxes and fees and payments and charges, regulations and mandates that come from the profits of ordinary people making voluntary exchanges in the hopes of making a profit. Profit is not a dirty word. It is the essential driving force.
Mr. Obama also misunderstands the job of a president. It is not his job to figure out how to retrain people who lose their jobs. Most of the job losses have been caused by government in the first place. The government does not care to admit it, but this recession was caused by government’s good intentions to get everybody into owning their own homes — whether they could afford it or not. That was the vast gasbag that puffed-up a vast housing bubble that the banks and mortgage industry and Wall Street tried to swallow, but in the end, couldn’t.
The government is remarkably unsuccessful at job training. There are currently 47 duplicative, or overlapping job programs that are mot particularly successful. It is not a president’s job to retrain people, nor to pick companies to favor with taxpayer money, nor is it his job to pick winners and losers among businesses. It is not the president’s job to decide what form of energy the country needs or should have. The market will decide. If the marketplace will not willingly pay for a newer or cleaner form of energy, then its time has not come. It is not a president’s job to decide what kind of cars we should drive nor if we should abandon our cars for some other form of transportation.
Our government is divided into three equal branches, for good and historically careful reasons. The powers of each branch are delineated in the Constitution. There are limits to the expansion of government allowed under the commerce clause. The Supreme Court is going to be kept very busy. It would be wise to read the fusty old document. that will be 275 years old this September. I know that the left believes that it should be a “living document” so they can adjust it to their very own tastes, but it is meant for all generations — not just the current temporary one. It has survived good generations and less good ones as well, and it will, with our help, survive this one.