DOES PRESIDENT OBAMA HATE BUSINESS?
By Kermit C. Moss
Mercy me, sakes alive, and carrot coffee! Does Obama hate business! Without even a smidgen of hesitation, I not only say no, but hell fire and damnation no! He would be foolish to do so, and I see no evidence that he is a foolish man. Our economy consists of the production, distribution, and consumption of goods and services, and to the extent that there is no consumption there will be no need for production, and related jobs will be lost.
What I think the President frowns on is BIG BUSINESS as it is being practiced now and has been practiced in America for some time. Based on ever-present human greed, and long-time favorable tax and regulation treatment by the government, it has grown and grown, by merger after merger, along with untaxed capital gains, until eighty to ninety percent of all wealth is owned by the top 10% of the people! And the top 1% owns 23%, while the top one-tenth of one percent owns 11% of the total.
This gives these top CEO’s enormous political power! Through large campaign contributions, they can get their candidate elected and effectively own him/her after that.
We would be much better off with many medium and small-sized businesses, with not even one of the giants; and the opinion here is that if the nation is to be saved, we must find a way to get back to that!
Let us get on with it!
Kermit C. Moss
PO Box 1136
Monticello, Arkansas 71657
PH 870-367-2486 - office
870-367-7034 - home
September 30th , 2010
