ADD COMMENTS

No Wonder the Economy is a Mess

The vast majority of the people in the Obama Administration who are trying to fix it have never had a private sector job. If you needed surgery, would you want the operation to be done by someone who specializes in writing academic medical textbooks?

“A friend sends along the following chart from a J.P. Morgan research report. It examines the prior private sector experience of the cabinet officials since 1900 that one might expect a president to turn to in seeking advice about helping the economy. It includes secretaries of State, Commerce, Treasury, Agriculture, Interior, Labor, Transportation, Energy, and Housing & Urban Development, and excludes Postmaster General, Navy, War, Health, Education & Welfare, Veterans Affairs, and Homeland Security—432 cabinet members in all.”

chart of obama cabinet private sector experience

Share/Save/Bookmark

Posted in Capitalism, Democrats, Economy, Free Markets, News, Obama, Obama Administration, politics, private sector, white house
ADD COMMENTS

VIDEO: Reason TV Proves Government Shouldn’t be in the Business of Running Business

Nick Gillespie of Reason.com points out that government has a deep interest in the war between UPS and Federal Express.

Federal Express is a private enterprise. UPS has heavy union support. Guess which team the Obama Administration is rooting for…

Share/Save/Bookmark

Posted in Capitalism, Democrats, Free Markets, Libertarian, Libertarianism, News, Nick Gillespie, Obama, Reason Magazine, Union, Video, politics
ADD COMMENTS
ADD COMMENTS

CLASSIC VIDEO: Milton Friedman On the Importance of Capitalism and Free Markets

In the video below, Nobel Prize winning economist Milton Friedman, schools Phil Donahue on the virtues of capitalism and free markets versus corrupt poverty creating systems like communism.

This interview is from 1979 and Friedman passed away in 2006 at the age of 94. One has to wonder what Friedman would have to say about the state of affairs in America today. I’m guessing he would not be pleased.

Share/Save/Bookmark

Posted in Capitalism, Economy, Milton Friedman, Phil Donahue, Video, communism, conservatism, politics, socialism
ADD COMMENTS

Arianna Huffington: Capitalism is Dead. Except When I Get 25 Million in Venture Capital

This goes into the “Does she really expect us to buy this bullshit?” category.

Arianna Huffington, hostess of the poorly written and plagiarism ridden website the Huffington Post, recently wrote an article about the death of Laissez-Faire Capitalism.

Stunning.

She claims capitalism is dead and in the same breath announces that her website (a private business) has just received an investment of $25 Million in venture capital.

I’m confused Arianna.

Oh, you mean it’s OK when YOU do it.

Gotcha.

Share/Save/Bookmark

Posted in America, Capitalism, HuffPo, Huffington Post, Liberal News, News, media hypocrisy, politics
ADD COMMENTS
Logo and Theme Design by neopostnow