I am sure you hear it from everyone lately, just as I have.Everyone is completely uncertain about what the administration andCongress will do next to add taxes, help unionize the planet,declare everything including breathing as a threat to theenvironment, declare everyone who works hard and earns a lot ofmoney to be a crook or a pig, and has screwed up the war effort bydeclaring our exit before we even got the surge underway. Some ofus voted for McCain despite Sarah because we feared the alternativewas even worse-and it is. McChrystal did not do a dumb thing.According to a source extremely well connected in the Pentagon, itwas intentional because he viewed it as his only way to get outfrom an extremely frustrating situation and away from Holbrook andthe administration’s losing policies. Between the healthcaredisaster crammed down our throats, the tax increases coming fromevery direction, and new regulations about everything, the crammingof the bondholders in Chrysler, protecting the UAW and notcreditors in GM, why is anyone surprised that corporations have thelargest hoard of cash in history. They view the risks of theunknown with this administration and Congress led by grinningNancy, as being too great to take a chance of investing, merging,or hiring. Why would you hire anyone unless you had to, when youwill face government sponsored unionization, tougher labor laws,higher taxes, and higher benefits costs.
The EU seems to have understood at the G20 that the Europeanmodel is dead, except in America. They warn that spending andregulation and pensions must be cut. They are standing up to theirunions. The IMF says cut. The US voters say stop the spending. Sowhat do Obama and Nancy do, step up spending, and regulating andfavoring unions. They do not seem to understand that every suchaction has a major impact on investment decision making. Thecombination of the government thinking it knows better, and thatall of us upper income earners should carry the 47% who pay no taxat all, is doing grave harm to the economy. They blame the banksfor not lending. I say, why lend when there is no certainty ofrepayment and there is every chance you will be attacked byWashington for charging risk adjusted rates.
This is not a rant to vote Republican. They screwed up badly aswell, and they do not impress me as having many who are brightleaders. It is not a Tea Party vote of confidence. I am not evensure what they stand for. It is a plea for a return to the center.To a true balance between free enterprise and regulation. To aceasing of the attacks on people and firms who do what they aresupposed to do- maximize profits for their shareholders. Tostopping the blatant pro union actions that have destroyed thesense of being a country of laws, and not union payoffs. The headof the SIEU had more meetings at the White House than almost allthe CEO’s combined. Did they really think jamming bondholders inChrysler and GM would have no consequences?
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