But it is resolutely true that without many risk takers undergoing the lumps in their throats, the sinking in the pit of their stomachs, and the massive sacrifice of much--the American economy would have dried up long ago.

The problems with Obama's entire approach to economic development is that he replaces risk with status quo, limited outcomes, and static conditions for all.

For what it’s worth, static conditions do exactly the opposite of risk.

I was with a CEO of a company in Virginia (several actually) last weekend and the thing he blurted out in the middle of breakfast was, "When conditions are bad get your arms around the cash."

In other words, hold on to resources, become miserly, take less risk, and attempt less or even no growth. When risk is looked at as suspect, success is punished as criminal, and taxes force the productive to no longer be motivated to achieve more, things grind to a painfully ugly halt. And that's exactly where we find ourselves in 2009.

Elastic economies create, produce, thrive, and teach lessons. Static ones stunt, inhibit, block, and eventually shut down.

Jobs are not created in a vacuum. If there is no benefit to the corporation hiring them, then they should not be given a job, plain and simple. No one has a Constitutional right to a job.

But everyone should be given the same chance at success or failure, risk or reward, responsibility or consequence.

President Obama has chosen instead to spend money we haven't yet printed. He also insists on creating jobs that serve no economic purpose in "greening" the most environmentally conscious nation on earth. On top of that he stifles the risk-takers from creating new products, developing growth, or starting businesses. And that money he's photocopying in the basement of the White House, when it is printed, will be nearly worthless because of the lack of securities behind it.

So to sum up...

Obama is shrinking the pie, AND simultaneously filling it with devalued currency.

Doing so alone would be harmful enough, but doing so while suffocating the breath out of the only elements of the economy that could allow us to recover (elastic risk) verges on arrogant, maniacal, or criminal.

I'll let you decide which you believe it to be.