Townhall
Finance...
Government
Needs a Low-Obama Diet
By John Ransom
6/24/11
When
it’s gotten to the point that
advertisers won’t be able to market milk to kids because of
restrictions placed
on them by the Obama administration, you know we’ve met more than just
a crisis
of confidence in the country.
New
regulations proposed by Obama’s
FTC would prohibit putting a kid’s favorite athlete on a carton of
whole or 2%
milk within the next four years.
Every
day, people go to work across
the country and try to figure out how to sell more products so they can
keep
their jobs, make their house payments and generally get on with the
business of
life. For the 70 percent of us who don’t draw government paychecks,
that’s how
we create economic certainty for ourselves and our families.
Some
of us sell houses and some of us
sell milk.
But
right now, big, fat government is
standing in our way- too wide, we can’t get around it; too tall we
can’t get
over it and it’s killing our economy.
While
there are a lot of proposals out
there on how to get the economy going again, most of them have this
fatal flaw:
They assume that our problem is in not having enough money when in
fact, the
amount of money available in the “system” has never been greater.
There’s
just a bit shy of $2 trillion
in ready currency available for spending according to the St. Louis
Federal
Reserve. By every
other measure too,
there’s plenty of money for job creation.
What
the economy is missing is
commercial loan activity or a willingness by corporate boards to part
with
cash. It’s missing those components because bankers and board members
generally
aren’t dopes when it comes to business decisions.
Nope,
we have enough money to get out
of the doldrums. The problem isn’t liquidity.
The
problem is that we have way more
Obama than our economy can stand.
In
addition to wanting to ban
marketing whole and 2% milk, the Obama administration is also
suggesting that
we ban marketing peanut butter, whole wheat and whole grain breads,
most soups,
vegetable juice, cheese, oatmeal, canned vegetables, most yogurts,
cereal bars,
popcorn and pretzels.
Apparently
there’s a belief that kids
are consuming huge amounts of oatmeal and whole grain breads while they
watch
yoga shows sitting on the couch, and, as a consequence, they’ve become
fat.
In
an administration that’s turned
doing nothing about the real serious problems of the country into a
high art
form- or at least a round of golf- they are also quite accomplished at
creating
solutions in search of problems.
Certainly
there are fat kids out
there. But my kids aren’t fat and I really don’t know any fat kids
either. And
my guess is that if there are more fat kids today, it has a lot to do
with not
providing adequate adult supervision, rather than company advertising.
In
truth, the best diet we could
impose on the country right now is denying the Obama administration
both cash
and regulatory authority. They’re the kids who could really use lots of
adult
supervision and even more slimming down.
Not
a day goes by that I don’t see
several stories about how the administration is trying to either sue
some
business or impose new regulations on them.
It’s
absolutely impossible for
business owners to make competent plans to hire people under the Obama
administration.
About
the only person in the
administration who seems to realize how hard it is the get new business
is
Obama’s new chief of staff Bill Daley, himself a former banker.
“White
House Chief of Staff Bill Daley
took heat from business executives Thursday for the Obama
administration’s
regulatory expansions,” reports FoxNews. “Daley also said he didn’t
have any
good answers for some of what President Obama is doing and expressed
frustration about the ‘bureaucratic stuff that’s hard to defend.’” So
stop it then.
On
Sunday it was a billion dollars or
two and let’s shut down 18 existing power plants with the help of an
eco-terror
group WildEarth Guardians and an assist from the EPA; yesterday it was
banning
mining near the Grand Canyon by the wild-man of the West, Interior
Secretary
Ken “I-am-a-real-cowboy” Salazar. Next
year it will be the imposition of
Obamacare and the increasing costs the economy will have to absorb from
it.
You
don’t have to look very far to
find the jobs missing from our economy.
Because
the Obama administration has
now thoughtfully printed some of them on the side of a milk carton.
Read
it at Townhall
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