Obama Embraces Big Business

Thursday, 27 Jan 2011 07:44 AM

By Wayne Allyn Root

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Poor Obama. He just has no idea how to create a job. He’s changed strategy by 180 degrees…and he’s still grasping at straws.

That’s what happens when you hire a community organizer as president.


The first desperate act of Obama’s presidency was to play the socialism card. He thought if government took control over vast swaths of industry — banking, autos, student loans, and healthcare — that would create jobs. Instead job losses accelerated.

Then Obama guessed that if government threw large sums of money into job creation that would certainly solve the problem. He soon found that any job created by government costs obscene amounts of money and actually takes a job (or two) away from the private sector.

Then he gave a huge welfare payment disguised as a “tax cut” to his voters — people who never created a job or paid taxes. That added more debt, but didn't create one job.

Next there was a jobs bill that created exactly zero jobs. Then there were multiple attempts at massive tax hikes. No dice. The American people were repelled. Worse, American business reacted to the uncertainty by killing more jobs, or shipping them overseas where taxes are lower. The community organizer was stumped.

You gotta love Obama’s enthusiasm for unions. Card Check makes it easy to unionize the entire country, even small businesses with five employees. Why not? After all, the states with the highest number of union members all lead the country in moving vans leaving the state. And of course we all know how well unions worked out for the automakers, U.S. Postal Service, and government-run public schools. But hey, the desperate community organizer was running out of options.

For good measure Obama threw in lots of sermons to demonize business. That backfired. Unemployment went up, the American people (who are employed by business) got angry, and Obama’s Democratic Party suffered the worst landslide in modern political history.

So, now poor desperate Obama had to re-organize (kind of like a bankruptcy). Obama embraced business. Or so the lefty media tried to convince us. But Obama hasn’t embraced business. He has embraced big business, i.e., corporate America.

He has sold out to the biggest companies in America at the expense of small business. He has brought in the CEO of GE to run things.

Hiring William Daley may make Wall Street smile, but it won’t create one job on Main Street. He’s the son of the royal family of Chicago. They’ve never created any jobs in their lives. Daley is a $10 million per year Wall Street big shot. He knows as much about creating jobs on Main Street as the old King of England. And as far as Jeffrey Immelt, the CEO of GE who now heads Obama’s Economic Council, he’s merely along for the ride so he can arm-twist the community organizer in chief for another few hundred billion dollars in stimulus funds and solar energy tax breaks for GE.

I have nothing against big business. In fact, I love capitalism. But nothing is more dangerous for society than crony capitalism. The alliance of big business in bed with big government distorts capitalism.

Together this group’s goal is to create more laws, rules, and regulations that destroy the ability of any small business to survive, so that big business holds the monopoly (and all the special interest tax breaks).

They want only multinational companies with armies of lawyers, lobbyists and accountants to survive, a world where the only employers are big government and big business. They want a hybrid of socialism mixed with fascism — a form of corporatism.

Poor desperate Obama has chosen the wrong path once again. America is built on a foundation of small business. Most of the taxes and jobs are created by small business and small entrepreneurial start-ups. Seventy percent or more of new jobs are created by mom and pop businesses.

Since 1980 not one net job has been created by big business the entire increase of net jobs was created by companies with 200 or fewer employees. Yet Obama has now morphed Big Brother with big business to “save the economy.”

Desperate people make bad choices. Obama has chosen a path to power, not a path to economic recovery. He may have helped his chances of re-election, but I fear he has dealt one final deathblow to the economy.

Wayne Allyn Root is a former libertarian vice presidential nominee. He now serves as chairman of the Libertarian National Congressional Committee. He is the best-selling author of "The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts." His web site: ROOTforAmerica.com


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