Wednesday, July 14, 2010

How Farmers Use Derivatives

You'd think our President Barack Obama would have absorbed even a little Econ on what built Chicago, the City of Big Shoulders, but no. After all, Dem-run Illinois is a profligate state despite Chicago's free market smarts.

Some food for thought. Is the Obama administration creating more uncertainty and stalling the economy by rushing legislation through? Is it punishing the private sector, spending recklessly and killing growth for years to come?

Financial Overhaul Hits Farmers

U.S. Business Groups Air Policy Concerns
Business groups including the U.S. Chamber of Commerce, the Business Roundtable and the National Federation of Independent Businesses will air a list of concerns about government policy at a "Jobs for America Summit" at the Chamber's offices Wednesday.

The Chamber will issue an open letter to President Barack Obama asking that the administration cut taxes, act on pledges to expand export markets, and streamline government rules, according to a copy of the letter obtained by The Wall Street Journal.
Graph of the day

And if we're not scared enough yet we oughta be:

Study: 47% of boomers don’t have enough to retire

Can this administration actually fix things and not make them worse? At the very least get out of the way.

More. Opinion Journal: Obamanomics and Business (video) The administration's bizarre jobs claims.

Related: Schakowsky vs. Paul Ryan on CNBC


Quite Rightly said...

Every new bill that this crazy Congress pushes through is another bucket of sand poured into the gears of the economy. No business can act fast enough to clear the mechanism, let alone plan around thousands of contingencies.

Obama is making business entirely about survival in the best of cases, and much of the onslaught of legislation deliberately ensures that certain types of businesses will not survive.

Case in point: family owned businesses often have to break up to pay "death taxes." Often the business has to be sold just to pay the death taxes, leaving nothing for the succeeding generation to take over. It's Big Government engaging in cannibalism.

Anne said...

Yes. Like family farms.

Most small town small businesses.

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