The president is making a show of sitting down with small business owners and trying to convince them that a tax hike is good for the economy, as if fleecing the wealthy to enforce his vision for shared responsibility will do anything to benefit their companies.
Fines, taxes, fees, penalties, regulations, blame, and threats. This is how the president shows American manufacturers that he cares. When Mr. Obama discussed manufacturing jobs from a Seattle Boeing plant yesterday he wasted little time bringing up tax breaks received by companies sending jobs overseas, a threat and needless reminder of the enthusiasm with which his administration wields its anti-business stick.
President Obama has been telling us that we are no longer up to the task of facing down our foreign competition, raising the question of what took place over the past two years to cause us to lose our edge. Since 2009, our government has pursued a policy of passing out rewards to labor unions and the public sector while intimidating businesses into inertia with threats of overregulation and looming taxation.
President Obama employed a bizarre strategy in his peace-making speech to the U.S. Chamber of Commerce. Appearing in the guise of an olive branch-bearing business advocate, the president mapped the Obama vision for the dual roles of government and the private sector.
Despite the job loss resulting from the forced shutdown of General Motors and Chrysler dealerships, the auto industry bailout is still a focus of the president’s self-congratulatory stump speeches:
Now, the worse thing about it is that if we had done nothing, not only were your jobs gone, but supplier jobs were gone and dealership jobs were gone, and the communities that depend on them would have been wiped out.
While it is true that automakers have been temporarily rescued by TARP funds, 2,243 auto dealerships were sacrificed to the process.* A July 2010 TARP Special Inspector General’s report detailed the decisions and missteps made by the individuals behind the dealer terminations.