That's the lede in this piece from CNBC online, and it pretty much sums up why it's been next-door-to-impossible for the US to extract itself from the Great Recession. Steve Wynn has been one of the few businessmen with enough guts to speak out about what's going on.
In their 24/7 assault on American business, that triple-threat team of Obamacrats, Pelosicrats, and Reidcrats continue to pummel, assault, and otherwise punish anyone who tries to make money, thus entirely disincentivizing entrepreneurs and established companies to grow their businesses and hire new workers.
The country is clearly in the iron grip of a batch of socialists who want to extract every last dollar from anyone who has a few and redistribute those dollars to their "disadvantaged" supporters, including the trade unions and the American Trial Lawyers. But, ironically, they're torpedoing their own avowed aim. By strangling business and preventing hiring, they are, in fact, DESTROYING the wealth they're trying to distribute.
Wynn pretty much sums up things in the final graf of this piece:
He’s concerned about the prospect of inflation, of FHA repeating the mistakes of Fannie and Freddie, and the cost to business from the new healthcare law. “We’re on our way to Greece, in the hands of a confused, foolish government,” Wynn says. “It’s got to stop. It’s got to stop.”A confused, foolish government. Led by a batch of left-wing academic theoreticians who have no idea how money works or how it's made. Wynn's got that right, pointing out that, at least for now, it's far easier for him to do business with the Chinese Communist government than with the US. That, my friends, speaks volumes.
It's a losers game. And we're the losers. We'll have just one chance to fix this in November. Hopefully, Rip van Winkle has awakened from his long, media-induced nap.
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