CEOs Troubled by Obama's Expanding Govt

Thursday, 08 Jul 2010 02:53 PM

By Dick Armey

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
From the FreedomWorks website.

Fareed Zakaria reports in the Washington Post that the 500 largest non-financial corporations in America have $1.8 trillion in cash reserves which are not being invested in business expansion.

Most CEOs are not investing because of a plethora of additional and onerous new rules and taxes. In other words, America lacks stable and consistent rules which businesses and individuals can plan their investment strategies. Hence, CEOs are hoarding their cash rather than investing. Zakaria describes the CEOs’ fears:

One CEO told me, "Almost every agency we deal with has announced some expansion of its authority, which naturally makes me concerned about what's in store for us for the future." Another pointed out that between the health-care bill, financial reform and possibly cap-and-trade, his company had lawyers working day and night to figure out the implications of all these new regulations.

These are very dangerous times. Most of America’s financial problems were instigated by a hodgepodge of government laws and rules driven by special interests and political hubris. Now is the time for the political elites to forego their personal power plays. Now is the time to assure a legal order on which Americans can predictably base economic and personal decisions.

Alas, the political animal craves power, and has no interest in establishing a predictable and stable legal order. In a democracy, only a politician’s constituents can force the political elites to enact good policy.

Join FreedomWorks and force the establishment of good governance. Freedom requires a stable set of laws, and $1.8 trillion needs to be invested in business expansion.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Obamacare Burned by 'Tanning Tax'

Friday, 10 Feb 2012 15:59 PM

Obamacare's Credibility is in question now that the so-called Tanning Tax has generated barely one-third of the projecte . . .

Tea Party Budget Is the Only Way to Save America

Monday, 19 Dec 2011 13:02 PM

From the FreedomWorks website.
Government, within its jurisdiction, has a monopoly on power. Government has the pow . . .

Good Education Is Important, But Not as Vital as a Job

Friday, 09 Dec 2011 16:00 PM

From the FreedomWorks website.
President Barack Obama s speech in Osawatomie, Kan., called for higher taxes on the  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved