Moron of the Day: President Barack Obama

In his weekly address, the President spewed socialist idiocy:
Supporting businesses with this kind of 21st century infrastructure and cutting-edge innovation is our responsibility. But businesses have a responsibility, too. If we make America the best place to do business, businesses should make their mark in America. They should set up shop here, and hire our workers, and pay decent wages, and invest in the future of this nation. That’s their obligation. And that’s the message I’ll be bringing to American business leaders at the Chamber of Commerce on Monday – that government and businesses have mutual responsibilities; and that if we fulfill these obligations together, it benefits us all. Our workers will succeed. Our nation will prosper. And America will win the future in this century just like we did in the last.
No, No, No.

It is the obligation of business to make a profit. Period More business activity helps everyone in society, but that is a by-product. The president needs to dump his Marxist notions that businesses have some other social responsibility.

Business has no obligation to hire workers, unless needed to make a profit. Business has no obligation to pay decent wages, unless needed to make a profit (and the workers, by their industry and skill are worth decent wages to the employer). Business has no obligations "to invest in the future of this nation."

More business is good for everyone, because there will be more jobs. Everyone who wants to work and be productive benefits, either form jobs created by others or by creating jobs for themselves. A rising tide lifts all boats (as a real president, President Reagan, once said).

More government does make anywhere good for business. More government "helping" business really means government favoring the business in-crowd, the favored few. It means hurting the rivals to the in-crowd, preventing business entry by the newcomers, all in the name of "protection" of the public. It is protection in the same sense as the mob providing protection, of course. The president's approach is truly evil, even if done with the best of intentions. Look for protectionism from any Obama plan to "help" business. Watch the government "protect" primarily union jobs. "Protection" promotes inefficiency. Government "protection" is at its heart corrupt.

Government is really efficient at only one thing in business: stifling innovation The best thing government can do the help business is get out of the way. Reduce the size of government. Repeal the EPA. The administrative branch needs maybe four agencies, maybe less. Eliminate or strictly limit the right of the administrative branch of government to enact regulations having the force of law. Congress is supposed to be making the laws, and it makes too many as it is.

Do I think the president means well?. I do. He is simply too ignorant of economics to understand how poor his policies and "vision" are. He thinks government is the answer, no matter what the question. He fails to understand that government is inevitably the problem, not the solution.

Congratulations to President Barack Obama, today's Moron of the Day.

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