Thursday, September 2, 2010

Rant of the day

From Boortz, on why banks aren't lending for President Obama's "small business expansion":
These small banks aren't lending right now because they have no confidence that the small businesses they might loan their excess reserves to will be able to pay the back. Simple as that. These business owners are under assault. There's ObamaCare, the financial reform act, tax increases, card check and the empowerment of unions, Cap and Trade ... as my father (a red-ass Marine if there ever was one) would say, these small businesses don't know whether to $h1t or go blind right now ... they are no more in a mood to borrow for expansion than the banks are to loan them money.
TJIC could not be contacted by the White House for comment. Actually, he probably could be, but was likely to return fire.
Boortz continues:

Now I may concede the point to you that Obama really does want to do what he can to get the economy moving right now .. but that's only because there's an election on the horizon and he's afraid of losing his support structure on Capitol Hill. There's two problems though:

(a) President ME has no clue HOW to get the economy moving again. He has no understanding of the workings of a small business. None. Same goes for his team of advisors. Obama's Cabinet has the lowest degree of private sector involvement in the past 100 years.

(b) Even if President Wonderful DID know what to do, he would probably balk because his anti-capitalist agenda is more important than poor saps who probably didn't vote for him anyway finding a job.

Don't you get it folks? The reason we're in this mess is that Mr. Hopey Changey has ALREADY launched his full-scale attack. It's an attack on producers; an attack on achievers; an attack on economic liberty and an attack on the rule of law and our very Constitution. His attack on the private sector has managed to keep businesses, lenders and investors in a state of uncertainty. Consumers don't want to spend. They know his promise not to raise their taxes was another ObamaLie ... and they just don't know how much of their work product they'll even be able to keep after the end of the year. These people are scared to death! They saw Obama ram through a health care bill that clearly the public did not want ... a health care bill that adds to our health care and increases our deficit. Is this supposed to put them in a spending mood? Business leaders have no idea how much of their earnings are going to be seized in the form of taxes or ObamaCare penalties in the coming years. This is supposed to put them in a hiring mood?

This is entirely made of win, and topped with awesomesauce. Need to add some new bullet points to this, though:
Via American Digest

2 comments:

  1. Shoulda used this one:

    http://www.horstheld.com/0-Spain.htm


    But due to the particulars health care roulette can just as easily be played with a 1911.

    ReplyDelete
  2. I count on you, Borepatch, to keep me firmly grounded in the oh-shit business climate we're creating.

    Oh, shit.

    ReplyDelete

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