Saturday, November 26, 2011

America's War on Business

George W. Bush gave us the War on Terror and the Great Recession. That was bad enough, but Barack Obama has given us the War on Business and a perpetuation of the no-growth, no-jobs economy that Mr. Bush left behind.

Never mind the Obamavilles that have sprung up around the nation and the world, whipped on by the president's vendetta against Millionaires & Billionaires. Think of Boeing being refused permission (permission!) to build a plant in South Carolina. Think of the Keystone Pipeline being postponed into the next administration. Think of the virtual moratorium on offshore drilling in the Gulf of Mexico. And now think of AT&T being refused permission (permission!) to merge with with T-Mobile. Instead of spending $39 billion to create the country's largest wireless company, AT&T will now spend an utterly useless $4 billion to cover the costs of the failed breakup, enriching lawyers and bankers but doing nothing for the future of the economy. What a waste!

It's beginning to look as though we will be a generation recovering from the combined legacies of Messrs Bush and Obama, just as we were from those of Hoover and Roosevelt. Blue skies! -- Dan Ford

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home