In a comment he made following a meeting with Secretary of the Treasury Geithner, Barack Obama said:
“There will be time for them to make profits, and there will be time for them to get bonuses — now is not that time. And that’s a message that I intend to send directly to them.”
Now, in fairness, I must report the context of the comment. Obama was referring to a report that Wall Street executives were still being paid bonuses even as they accept bail-out money from Uncle Sam.
There. Fair and balanced.
However, Obama's comment did not directly speak to that situation alone; he spoke of profit, the reason any business exists and the sole engine of the economic system in America! Without profit, no business has any reason to continue! Does Mr. Obama not understand this? Is he really such a neophyte? Has he been stuck in one public sector job after another so long that he does not understand where the money for such jobs come from? Let me set him straight. Without private industries and private citizens working for profit and then paying a portion of that profit in taxes, THERE IS NO GOVERNMENT, Mr. Obama!
That is, unless you plan on nationalizing everything and following the Red Chinese model!
Uhhh...let me think; Red China, the home of government control and direction of every aspect of life. Red China; the progenitor of stifling repression and forced labor. Red China, the society that must impose stifling censorship on its populace lest they find out what freedom brings. Red China, the bastion of zero pollution control, lead-based children's toys, forced abortions, rigid population control, and zero personal liberty. THAT Red China, Mr. Obama? That's what we aspire to?
You voted for it eyes wide shut, America!
All I can say is this; someone.....ANYONE...please set Obama straight and educate him on how American capitalism works before he completely undermines the whole deal and his little speeches on how "now is not the time for profit" becomes a self-fulfilling prophecy!
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