The correct response of a real leader to corporate loopholes leaking billions of dollars worth of taxable productivity (and productive job opportunities) to competitive nations ought to be: “I plan to reduce government involvement in the employer-employee relationship, and reduce the burden of government on the average American citizen. This would hopefully assist in alleviating the pressure that drives American corporations to seek foreign employees and tax havens, and Americans feeling they aren’t adequately compensated for their hard work. It will also, in turn, serve to limit our dealings with regimes that do not share our values of freedom, limited government, and democracy.” Stumping in Seattle this week, Obama has been highlighting his stimulus package, acknowledging that it added to the deficit, but also pointing to a high-metals manufacturing company that was able to score a government contract by sucking on Obama’s stimulus package.
Too bad that when the government can’t afford to subsidize that business anymore, they’ll be back to looking for clients with a real market need and legitimate revenue based on productivity.
The same goes for a Seattle cupcake shop owner who was able to open a couple more shops and hire 30 more people because of a government loan. Of course Obama is applauding this, but whatever happened to growing a business organically?
Are we in such a big hurry to create jobs only to risk laying them all off because the growth wasn’t sound? Isn’t this mentality of borrowing instead of growing responsibly exactly how America got into this whole economic mess in the first place?
Private venture capitalists will lend money to people from whom they feel they have a legitimate chance of recouping investment. They have a responsibility to make sound decisions and choices. The government has proven to lack any such obligation. Why, then are they in this business at all? And why does Obama see this involvement as something to be applauded rather than cautioned based on recent history?
The more complex the mirage, the more effort and obfuscation required to sustain it. Obama ran on a platform of slight-of-mouth rhetoric, and if the recent polls are any indication, an increasing number of voters are gradually figuring out the tricks.