Tuesday, August 16, 2011
Obama micro-manages the economy
Centrally planning the economy is plank #1 for liberals....
From TheHill -- The country’s automakers should ditch their focus on SUVs and trucks in favor of smaller, more fuel-efficient vehicles, President Obama said Monday.
“You can’t just make money on SUVs and trucks,” Obama said during a town hall forum in Cannon Falls, Minn. “There is a place for SUVs and trucks, but as gas prices keep on going up, you have got to understand the market. People are going to try to save money.”
Who is Obama to say on what you can or cannot make money? Consumers determine what makes money and what doesn't. It's none of the governments business. And it certainly isn't up to a politician to dictate which products are brought to market and which ones aren't.
When the national government is involved in regulating every aspect of the lives of the citizenry, then what's the purpose of having a country at all? The cost of compliance with federal regulations is 1/10th GDP. That's like taking the entire Canadian or Indian economy and throwing it down the toilet every year. With every new regulation and mandate from government, the US inches closer and closer to collapse.