Excerpt from BO’s Socialist Speech. Read the whole thing (if your stomach can handle it above link)
…….Factories where people thought they would retire suddenly picked up and went overseas, where workers were cheaper. Steel mills that needed 100 — or 1,000 employees are now able to do the same work with 100 employees, so layoffs too often became permanent, not just a temporary part of the business cycle. And these changes didn’t just affect blue-collar workers. If you were a bank teller or a phone operator or a travel agent, you saw many in your profession replaced by ATMs and the Internet.
Today, even higher-skilled jobs, like accountants and middle management can be outsourced to countries like China or India. And if you’re somebody whose job can be done cheaper by a computer or someone in another country, you don’t have a lot of leverage with your employer when it comes to asking for better wages or better benefits, especially since fewer Americans today are part of a union. (They bought and paid for BO)
Now, just as there was in Teddy Roosevelt’s time, there is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty.
Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. (Laughter.) But here’s the problem: It doesn’t work. It has never worked. (Applause.) It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade. (Applause.) I mean, understand, it’s not as if we haven’t tried this theory. ………..
BO was saying Free Enterprise, and less regulations do not work, and never worked. Yet he evokes Ronald Reagan who believed Free Markets worked. Such a dichoctomy. What BO wants to replace this with is a planned economy like in Socialist Europe WHICH HAS NEVER WORKED. If it did, the workers paradise of the Soviet Union would be thriving today. The Socialist experiment in Western Europe is showing it doesn’t work. The term “Fairness” only means redistribution of wealth. That produces the Angels of the world with 15 children and demands it’s someone’s responsibility to pay her and give her a house for free. What the theory of fairness produces is it takes from the producers and gives to non-producers. It’s real easy to see the outcome of that, the producers quit producing. People have a free will. That allows their creativity to make new products and make jobs. Steve Jobs started with nothing but an idea, made billions, employed thousands and helped the world because he was free. If he was limited in his actions of “Fairness”, we would just have a sour apple core rotting, not an Apple corporation inovating everyday.