OBAMA & BARNEY FRANK: tag team tourniquet around the neck of American entrepreneurism
By C. Edmund Wright | American Thinker
With the threat of this administration and congress, what is the possible motivation for anyone with ideas and capital to invest their time, talent and money into a risky endeavor? There appears to be none. In fact there appear to be powerful incentives not to invest any time and treasure — thus an economy with almost zero creative inertia.
For Obama voters, almost zero creative inertia means almost no one is having bright ideas, starting businesses based on them and hiring employees to help share the dream.
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For many decades, the American dream has been undergirded by the faith that regardless of what the state of the current economy, the economy would come back around because the greatness of ordinary people being freed up to do extraordinary things. Thus the bold gunslinger mentality many business owners have had in previous recessions, refusing to participate, and even expanding cheaply to grab market share in the next recovery.
But it’s different now, and there is no denying it. The dream itself is being killed by legal and regulatory micro-management. Washington is determined to employ policies to cure something that can only be cured by government getting the hell out of the way.
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