Business executives have often been conned into spending shareholder greenbacks on programs and projects that do nothing but advance the political agenda of the socialist con-artists. Today the con is named “Corporate Social Responsibility.” Why would an oil company CEO invest piles of corporate cash on inefficient technology that the radicals might impose on the rest of us to put big oil out of business? Why would a bank president lend money to people incapable of paying it back? Why would the leader of a huge multi-national corporation lend support to a U.S. President who spends much of his time bad-mouthing CEOs, free enterprise and risk-taking investors? The answer is quite simple. It is to demonstrate that their companies are “socially responsible” and to avoid conflict at all costs. In a nutshell, they want to be liked.
From the day they entered kindergarten, many of today’s business leaders were taught to turn the other cheek when the schoolyard bully delivers another sucker punch. When The Leader uses the bully pulpit (with teleprompters) to bully these private sector boys in pinstripe suits, it is reasonable to assume that many cheeks will be turned.
However, there may be no businesses left to do the bailing required to save the Ship of State if the Administration replicates with other companies the monumental success it has achieved with Chrysler and General Motors, and if the White House succeeds in creating a massive brain drain in the American financial sector. Smart people just do not appreciate salary limits. In short, The Leader, Pelosi and Reid may actually find themselves awash in their own socialist chum as the metaphorical oil tanker sails past toward a more capitalist-friendly port-of-call. If I were a gambler, I would bet that port-of-call regrettably will be located somewhere in the Peoples Republic of China.