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Barack Obama’s Economy: Same Old Failed Ideas, More Failed Results

Abraham Lincoln once said, “Nearly all men can stand adversity, but if you want to test a man’s character give him power.” That certainly has held true in the case of Obama.

(Note: Much of the above was taken from July 30’s Glenn Beck show.)
 
There are so many no-brainer things the president could do to foster employment, economic growth, entrepreneurialism, and the restoration of the American Prosperity Machine.  But he is apparently so overwhelmed by political interests and the creation of a society-dependent culture, that he cannot get out of his own way.
 
History has clearly demonstrated that the keys to a flourishing economy; plentiful, good-paying jobs; and individual prosperity for the greatest number . . . is a competitive, cooperative, free-market, free-enterprise, balanced-trade, entrepreneurial, innovative, personal-initiative, profit-motivated, moral, law-and-order, low-tax, decentralized economic and political system . . . where private companies and enterprises exist, and people freely produce, to meet the needs, wants and expectations of their customers, clients, employees, suppliers, communities, creditors, shareholders, and future generations — in that order of priority. 

And this must be accomplished at a price/cost ratio sufficient to support the ongoing and balanced needs of their enterprises and their suppliers . . . and adequate to provide investors and creditors with an attractive return on their invested capital . . . and sufficient to offset the implicit risk of supporting the financial needs of businesses and their stakeholders.
 
It appears Obama simply doesn’t get it!  He brings nothing new to the table – just an extreme version of the old tax-and-spend Democrat methodology. And the American people and our children are the victims.

Image: Author: Resped; Creative Commons Attribution 3.0 Unported license

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William Pauwels

William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.