As a follow up to the Coca-Cola CEO telling the Financial Times that China is more business friendly than America please click on this link of Peter Schiff testifying before the House Of Representatives Subcommittee On Regulatory Affairs, Stimulus Oversight, & Government Spending (sounds like something right out of Atlas Shrugged doesn't it?). In the first video on the link Mr. Schiff explains that he has been fined thousands of dollars by regulators for hiring too many people & then was told to stop hiring all together. In the second video Mr. Schiff explains how government regulations suffocate free markets. Many of you saw Mike Huckabee listen incredulously to this account on his Huckabee TV show last weekend.
Anyone who watches both of these videos will not have to wonder what is happening to the American economy. If BO wins his reelection bid the policies he will continue & new ones he will put in place will ensure that people over 50 who are or who will become unemployed will never work again – the economy just will not recover in time for them.
Doug, Actually, it is a pretty simple principle. Socialism will never work as long as there is a country fostering a free economy because that is where all global investments will go. This, I believe, is at the root of our economic and political problems.
ReplyDeleteDoug - again thanks for exposing these critical facts impeding job growth. Let me also add the impact Dodd Frank bill is having on further weakening US investment banking industry. Combo SOX and Dodd Frank is major factor in US loss of traditional investment banking to Asia.
ReplyDeleteOur solution remains consistent: take every opportunity to counter socialist leaning myths with the facts.