We think you're near Los Angeles

Currently in Los Angeles

Location: Los Angeles Current temperature: 52°F: Current condition: Overcast See Extended Forecast

Obama defies the private sector


                                  Trupolics

Government can consume and redistribute wealth yet it cannot create it.

Administrations which lowered taxes have proven that it generates not only a better economy, but increased revenue for both the state and fed. The economies were jolted, unemployment was decreased, and the market sang.

If there is no production of wealth, what is there to distribute? Hello 2009.

A massive government parasite has drained the nation of it's wealth yet the parasite wants more. Health care and cap-and-trade lie ahead in a nation that is beyond broke.

Before anyone attacks Reagan or Bush, the above focus was on JFK. Kennedy created 'business friendly' policies. He understood the consequences of over-burdening the nation's producers.

"Basically what you have is your producers in society losing their jobs and looking for work ... and they are likely to face tax increases going forward (to support government workers)," Brad DeHaven of the CATO Institute told The New York Times.

Jack Kelly is dead on here, "For the economy to grow, government must shrink. But the president and Congress are rushing pell mell in the opposite direction."

Advertisement

By

St. Louis Headlines Examiner

Jim Burst has been a business owner and believes in community service. He's also an accomplished musician. He follows the news closely from his...

Don't miss...