Statement from the Candidate

In 2010 I ran an unsuccessful campaign for the United States Congress, but I'm still posting blogs that I believe express an opinion that most other people miss, and that I also believe can make America great again and cast off the yoke of liberal/progressive control that is currently in place.

Tuesday, July 5, 2011

What's Wrong With Obama's Crony Capitalism?

Liberals like to pretend that they want to keep close tabs on the evil capitalists in order to control their tendency to concentrate power and abuse their customers and the public at large. This is a valid concern that books like "The Jungle" adequately describe, but without also reading "Obamanomics" and "Reckless Endangerment" you only get half of the story.

Capitalists have built-in restraints on their power: they must attract customers to their products and services, and they must compete with others selling the same product. It's important for government to control to some extent the baser tendencies of large corporations, but when the government and business work together you have a perfect storm of corruption and abuse, and since there is no competition for the power of government, when government becomes an ally of business you have collusion, not control and oversight.

Jeffrey Immelt, the CEO of General Electric, is Obama's adviser on economic matters. Does anyone think that Immelt will give Obama any advise that doesn't profit G.E? And does anyone believe that Obama, with his zero experience with corporations, except to shake money from them as a community organizer, will make any decision contrary to that given by Immelt? The insurance and big pharma companies are on board with ObamaCare so they can profit from it. even power companies are in favor of Cap and Trade legislation and actively push the lie of global warming because of the extra costs these schemes place on competing businesses, and the additional regulations they generate will eliminate their competition and allow them to profit unimpeded. But this concentration of power is exactly what government is supposed to control, not facilitate.

So when government gets involved things get worse, not better, as we've seen in the last 2 years of Obama. And this worsening situation is made all the worse yet when the press will not honestly report what is happening due to its loyalty to the liberal Obama. But as we've seen with the housing crash (in which government legislated in favor of the mortgage giants and against the borrowing public), the CO2/Cap and Trade liaison (in which industry wants to eliminate and regulate out of existence its competition), and the green/alternative power movement (in which government wastes billions of tax dollars on favored companies for power schemes that are more costly than existing sources of power and won't be technically viable for decades, at the same time that the current price of gasoline increases and the availability of oil dwindles and threatens our liberties, our prosperity and our security), government involvement makes the situation worse because government has total power, and when this absolute power is combined with international companies, the outcome can be disastrous.