"But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." - John Adams

Monday, February 7, 2011

Obama has no idea how business works

"If we're fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line," President Obama told the Chamber of Commerce on Monday morning.

The problem here is that he has no clue that wage earners agree to produce a product for a given amount of pay and benifits. If someone is lucky enough to work for a company that has a profit sharing or bonus plan in place then there is a predetermined amount of "sharing" that will take place if certain goals are met. Most people don't risk their own capital to create businesses to be told by the President of these United States that the profits and return on their investments have to be divided up among their employees.

Does this sound a little Marxist to you? It sure does to me.

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