by Ray Newman, radio and television commentator, attorney, educator, author

Monday, July 1, 2013

CEO HILLARY? SERIOUSLY?

Why would anyone in his right mind want the federal government or any other government to run any industry...the way our current President wants to run the auto industry, the gas and energy industry, the health industry, the education industry, the farm industry and every other damn industry he can get his hands on?

Aide from the "minor" point that our Constitution does not give the government the right to run any business, and that powers not granted to the Government are reserved to the people, here are a few other things to keep in mind:

1.  Competition between companies drives them to produce better products at lower prices...to get your business.  That competition benefits all of us.

When the Government takes over an industry, it is a MONOPOLY...they have no competitors.  It freely does what it wants to do.

2.  The profit motive in the free enterprise system drives companies to come up with innovations that will attract the consumer dollar.  Government has no profit motive.  It loses money?  It raises taxes, it prints new money (which devalues our currency), it borrows profusely (notice our $16,000,000,000,000 federal debt).

3.  The`Government is run by people who almost always have DONE NOTHING, ACCOMPLISHED NOTHING and KNOW NOTHING about the business world.  Obama never ran a candy store for one day in his life.  You seriously, prudently, logically, want him to be CEO, chief honcho, top dog, of your company, or smiling Biden to run the oil industry?

Businesses that cannot make it in the free marketplace will fold, leaving the marketplace open to those who can produce the goods the public wants at a price the public is willing to pay...a sort of "economic survival of the fittest".

Our goal should not be full employment (all the slaves had jobs), nor lower interest rates, nor a reduced rate of inflation.  Our goal should be a free marketplace, the only marketplace which affords to each of us the economic environment to which we have a moral right.

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