During the SOTU speech, my wife and I looked at each other in stunned silence as Bush proposed “investing” billions of dollars in a “Competitiveness” effort, by which the government would make grants for industries to “increase our competitiveness”.Is capitalism dead in the GOP? We are to seize taxpayer dollars out of the economy, trust lifetime government bureaucrats who never ran a successful business in the real world to then dole them out to whomever they in their infinite ignorance think are worthy of “investment” for the future economy?
Why not just cut taxes to all businesses and let the “competitiveness” operate as it always has?
What is wrong with Bush?
Indeed. Obama earned some of the criticism, but he can claim to merely be implementing The Bush and Republican Plan for Centralized Planning of Competition.
Wall Street certainly acts like it expects The Bush and Republican Plan for Centralized Planning of Competition ... adopted by Obama ... to continue.
The GOPe have stopped opposing, and Wall Street chooses to not oppose, the central planners' barriers to free enterprise.
Wall Street, with well-entrenched connections in the central government, expects a lot of political capital that tilts commerce and trade in favor of the winners of Wall Street Survivor (that is a daily financial media show).
OMG. How did you ever remember that?