Friday, 3 of September of 2010
The video below features Obama pushing financial reform at a town hall yesterday. He says private businesses on Wall Street have made “enough money.”
Quick question: Who decides when Obama has made enough money?
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.”
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…
Fun fact: John Mackey voted for Libertarian Party candidate Bob Barr in 2008. Who knew?
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.
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.