Austin Hill

The President said that the executives’ conduct was “shameful” and the “height of irresponsibility.” But are corporate CEO’s really to blame for this? If a corporation is paying a big bonus to an executive who shrinks the business, instead of growing it, that’s a huge mistake on behalf of the corporate board of directors, not the executive that the board employs. And the most irresponsible and “shameful” part of this is that our federal government “bails out,” and subsidizes, this kind of corporate dysfunction in the first place.

But worse yet, in this midst of his moral indignation, President Obama said of the executives “there will be time for them (corporate executives) to make profits, and there will be time for them to get bonuses -- now is not that time.” Is President Obama really so economically illiterate that he thinks that the words “profits” and “bonuses” are to be used interchangeably? Or, as is usually the case for socialists, does he actually believe that, indeed, executives should not be producing profits right now?

The Republican minority in Congress is facing a tremendous opportunity in all of this - - an opportunity to point out the obvious. Some Representative or Senator needs to get bold, and set the record straight: the “economic downturn,” the very “crisis” that Speaker Pelosi and President Obama purport to be saving us from, has unfolded precisely because corporations are not producing adequate profits. And things won’t improve until businesses begin to produce greater profits once again.

But wait, there’s more! Congressional Republicans now have an opportunity to atone for their own reckless ways earlier this decade, and return to a truly conservative vision of the appropriate role of government in the lives of the American people.

Opposing federally-funded “STD education” and contraception programs is appropriate. But it is inappropriate to push for federally funded “abstinence only education” and “marriage enrichment” programs at the same time. The Bush-era, “big government is okay as long as it advances my interests” approach has to be abandoned - - NOW - - and the sooner Congressional Republicans assume this stance, the sooner the party will begin to regain its momentum.

Government-funded “Booty Call” is bad. Corporate profits are good. And marriage, and sex education, are far too important to entrust to government bureaucracies.

Austin Hill

Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.