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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of Jim Cook
May 29, 2007
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NASTY BUSINESS

Left wing economist Paul Krugman, who writes for the New York Times, recently faulted America’s corporations for a low rate of capital investment. A similar period of low capital investment occurred during the 1930s. It was the reason that recovery from the Great Depression took so long. Both then and today great hostility existed towards business. In the 1930s regulators and unions harassed business, and tax authorities pushed for rate hikes. Bad publicity was merciless. Business was well capitalized back then but pulled in its horns and invested very little in expansion. It was too risky to do otherwise.

We have much the same going on today. Various state attorney generals are on the warpath against business in hopes of furthering their political careers. Government threats and lawsuits are daily fare in the media. Unions and activist groups vilify successful companies like Wal-Mart. Capitalist villains get far more ink in the press than innovators and entrepreneurs. Fairness doesn’t exist. An Enron chief gets 21 years while a drunk driver who kills two people gets nine months. New government regulations inhibit raising capital and stifle expansion while mealy-mouthed politicians push to raise taxes. In other parts of the world, government keeps out of your hair. They don’t load you down with regulations, pension costs, health care expense, legal costs, exorbitant insurance requirements, permits, licensing and every kind of tax under the sun. What business wouldn’t think twice about building a new factory in the US?