Monday, November 28, 2011
Jobs (and not the Steve kind)
Ramirez's sentiment over at Investor's Business Daily really nails it. Liberals in Washington (and all over the fruited plain) are lambasting the same corporations that their allies in the OWS movement vilify for not creating jobs. The OWSers lament, through their wafts of body odor, that it is the corporations that are ruining America. You mean the oil companies that can't drill? Or perhaps you mean the food and beverage companies that are being regulated out of existence? Maybe you mean the tobacco companies that can no longer advertise? Perhaps you are talking about the evil pharmaceutical companies that can't get FDA approval for the product they spent billions of research dollars on? Wait, wait, you must be speaking of the horrifying financial services companies that can no longer lend thanks to the shackles of the Dodd-Frank Bill?
As we have discussed on these pages before, some regulation is necessary to maintain order in the system. But once the government has gotten in the business of picking winners and losers in the free market, we are finished. How about a Solyndra powered Chevy Volt with a battery that catches fire and burns all the shareholders' interests (except the ones that contributed to the Obama campaign)?
Leaves one pining for a little blues - how about Joe Cocker's "Unchain my Heart?"