Obama: Now is not the time to make a profit. . .

By Douglas V. Gibbs

A year ago Obama said, "There will be time for them to make profits, and there will be time for them to get bonuses. Now is not that time."

My first reaction when he said that a year ago was, "Who is the federal government to go around telling businesses they can't make a profit? How will the economy be turned around into a prosperous direction if banks, insurance companies, automobile companies, oil companies, retailers, or whomever, is not supposed to make a profit? What in the hell are windfall profits? What in the hell are obscene profits? Isn't that the beauty of America - no limits to how successful someone can be? Isn't that the American promise that has made this the richest nation on Earth?"

The simple truth: No profit, no growth; no growth, no new hiring; no new hiring, the unemployment rate will continue to rise.

Here we are a year later, after President Obama and the Congressional Democrats have spent a year throwing money at the economic difficulties while stifling growth in the private sector by buying up much of it (or taking control of much of it as classic fascism has done throughout history), and not only has there not been any improvement, but the economic picture is worsening.

They have fed money into failing corporations so that they can continue to fail, and have done nothing for the American People. It is in the people, and successful businesses, where the fix to our economy lies. Tax cuts across the board better enable manufacturers to manufacture, enable successful retailers to better bring in goods to sell, and allow consumers to have more in their pocket to spend. By bailing out the losers it is like allowing the slowest animals to hinder the otherwise capable herd. Wolves in The Wild kill the slow, diseased and crippled of the Caribou herd, and by removing those impeding the herd it makes the herd stronger. The Democrats are feeding the slow, diseased and crippled businesses, and then are sticking it to the healthy. How does that make any sense?

Also remember that Barack Obama promised to keep the unemployment rate under 8%, if the Congress was willing to pass the stimulus plan. He promised that his plans would work immediately, and create jobs. As Conservatives realized the moment those words left Obama's lips, each and every promise was a lie:





Now, President Obama's Treasury Secretary Timothy Geithner is saying it's "deeply unfair" that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans."

What did they expect? You feed money into a failure, and for a short time it will improve, but in the long run the failure will fail again, and the people will still have nothing, except higher taxes and no jobs!

No wonder there is public outrage as folks watch the Democrats protect high-risk banks and investment houses while the national unemployment rate continues to hover around double-digit levels (and in actuality, if you take all of the number into consideration is well over 20%), and is expected to rise in the near future. And realize that the released unemployment numbers are even a lie, because they do not take into account small business owners that have gone out of business and have no income from a replacement business or job, those who are underemployed, who are working part-time but would like to work full time, and also people who have given up working entirely and are not even searching for work anymore.

Geithner is now saying that Washington is "very worried" about recovering the jobs lost since the economic downturn commenced. More than 8 million jobs have been lost, according to Washington, which is not the true number - one must consider that more than 11 million people are currently drawing unemployment insurance benefits, and one must remember that number does not include all of the people that are not working.

The Left believes it is fixing the problem when it is making it worse. What has made America prosper for the last 234 years is the fact that our industries are privatized, the market is free, and the government has been a minor ingredient in the economic picture. The more the government imposes restrictions, regulations and taxes, the worse our economic picture will get. Increased government involvement hasn't worked for Europe, did not work for the now dead Soviet Union, and China did not begin to grow until the government pulled way back and injected some capitalism into their system. The writing is on the wall. A free market with privatized participants making profit as a means of incentive is the recipe for a vibrant economy.

If we continue down the road of telling our private sector that now is not the time to make a profit, as the government reaches further and further into the market, our future will be that of Greece's, who is in the throes of riots and upheaval because the big government operations have ruined that nation's economy, the national deficit is too high to maintain, pay back, or even pay the interest, and the people (even in the face of complete economic collapse) have been trained to be dependent on government programs and "free" entitlements.

The bigger the government, the smaller the citizen. - Dennis Prager

Looking back, I realize that I've never been hired by someone not making a profit.

-- Political Pistachio Conservative News and Commentary

Geithner: Jobless rate to stay 'unacceptably high' - Associated Press

The Bigger the Government, The Smaller the Citizen - Townhall