Car companies, banks, energy and insurance companies – the President has the power to hire and fire CEO’s, determine their compensation rates, and decide which products and services these formerly private enterprises will create. When government wields this kind of power, individuals lose their freedoms. And while President Obama has perhaps fulfilled some of his own wishes, it has come at the cost of private people’s money, and the future solvency of our government.
The costs of the United States government’s “acquisition” of G.M, and portions of the Chrysler Corporation, have yet to be fully calculated. But the two companies – especially GM – have become high-priced tools with which the President has sought to carry out his agenda.
Unionized assembly workers at G.M. have gotten pay increases over the past couple of years – and they are a key voter block for the President and his party. And GM has led the charge with electric vehicles (the Chevy Volt) – the car has proven unsellable and has wasted future generations of American wealth, but no matter. The President fulfills his needs to create a so-called “green energy future.”
The President’s executive mandate for insurance companies to provide abortion and contraception coverage is indeed a violation of religious freedom, but it also must be viewed through the lenses of economic morality. As a result of this mandate, the President has now used the power of his office to require an entire industry (the insurance industry) to provide a service, without getting paid for it. This has dealt a crushing blow to personal economic liberty, and such heavy handedness creates a huge disincentive for would-be business owners to create new enterprises.
Empowering politicians to take-over more control of our private economic resources and choices is NOT a pathway to prosperity. Is America seeing the “moral issues” more clearly this time, and are we ready to make an economic “about face?”
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.