Skip to comments.Is U.S. 'Lazy' On Investment?
Posted on 11/16/2011 7:53:21 AM PST by IBD editorial writer
Leadership: President Obama told CEOs in Hawaii that the U.S. had been "lazy" in attracting foreign investment. Actually, the White House has been pretty busy demonizing it.
The Obama administration has a record of making life miserable for foreign investors that put their capital on the line to create jobs in the U.S.
Politically wedded to special interests such as Big Labor, White House officials have hurled scurrilous charges against foreign companies and muscled others in ways no domestic company would tolerate.
Foreign investors also have been targets of punitive regulations disguised as "patriotism" and had contracts kicked out from under them. Now the president would have everyone think the U.S. is merely asleep at the wheel in attracting investment from abroad.
(Excerpt) Read more at news.investors.com ...
I think the problem is that your economy is not optimized for companies creating investment and jobs.
If I, as a company, can go someplace where I can maximize my opportunity for growth and investment, why shouldn’t I?
“If I, as a company, can go someplace where I can maximize my opportunity for growth and investment, why shouldnt I?”
That’s really the crux of the issue; people act like businesses are supposed to just magically stick around, put up with relentless abuse, and then go on and pay for each and every single lifestyle choice that thier employees fancy as theirs by right. It’s disgusting really.
When he made the "lazy" comment, he followed it by the comment about building the Golden Gate Bridge and the Hoover Dam. Those are government projects--not entrepreneurial, or private sector, efforts. Perhaps the "laziness" he chides about is warped by his perception of the degree to which elected officials and bureaucrats have not been willing to coercively extract more hard-earned dollars from a shrinking private sector in order to impose their wishes on citizens.
Think about it! His world view is formed by a philosophy which rejects the intelligence and will of free individuals in a society pursuing their own wishes and needs as being a superior means of providing prosperity and plenty for a society. That was the philosophy of Adam Smith in 1775 and America's Founders in 1776 and 1787.
The Obama philosophy comes from Mao, Marx, Lenin, and a smattering of Keynes, and trusts the judgment of elected officials and bureaucrats to make better decisions than individual citizens.
One philosophy results in liberty, opportunity, wealth creation which benefits all, and plenty.
The other philosophy results in coercive control and oppression, lack of opportunity, and want in every society in which it has been tried.
Let's pray for more "laziness" by government officials and bureaucrats, and more entrepreneurial industry and aggressiveness on the part of individuals in America!