That’s about all I can conclude from this article:
The chairman of the Business Roundtable, an association of top corporate executives that has been President Obama‘s closest ally in the business community, accused the president and Democratic lawmakers Tuesday of creating an “increasingly hostile environment for investment and job creation.”
Ivan G. Seidenberg, chief executive of Verizon Communications, said that Democrats in Washington are pursuing tax increases, policy changes and regulatory actions that together threaten to dampen economic growth and “harm our ability . . . to grow private-sector jobs in the U.S.”
“In our judgment, we have reached a point where the negative effects of these policies are simply too significant to ignore,” Seidenberg said in a lunchtime speech to the Economic Club of Washington. “By reaching into virtually every sector of economic life, government is injecting uncertainty into the marketplace and making it harder to raise capital and create new businesses.”
Well, DUH! Since when has socialism, the central direction of society and in particular the economy to consciously chosen ends, been good for business? Its essence is the substitution of political decision-making for private decision-making, and the substitution of politically chosen ends for privately chosen ends—e.g., making a profit. The Democratic Party over the past ten years has become a thoroughly socialist party. That’s not a surprise; it’s happened in plain view. The Democratic platform in the last election was virtually indistinguishable from the platform of the CPUSA during the 1990s.
The Democrats’ policies are not only bad for business; they’re bad for the rest of us. They’ve been eager to copy Europe, where slow economic growth, 8-10% unemployment, ballooning deficits, stifled innovation, and a hopeless job situation for young people have become the norm. Why do people think that’s desirable?
Any businessman who remains a Democrat is an idiot.