Here's another sign that our economy is reaching a turning point and beginning to recover. American businesses are beginning to push back against government regulation. Now when the economy was crashing down all around them, businessmen, with hats in hand, begged for government assistance. They were terrified and they welcomed the efforts of big government to keep banks working and boost consumer spending.
Now, according to Chamber of Commerce President Thomas Donohue, "American capitalism is at a crossroads. It is time to remind all Americans," he said, "that it was free enterprise ... individual initiative, hard work, risk, innovation and profit that built this great country." Donohue when on to say that "...for the free enterprise system to thrive, we need low taxes, limited government and reasonable regulations."
First, let me say that I don't argue with Donohue's point. Free enterprise is the very basis of our economy and we must maintain that system. However, I would like to remind Donohue of something he seems to have forgotten. It is the lack of government regulation coupled with the greed of some in business that got us into this mess, in the first place. I would also remind him that businesses jumped gleefully into bed with big government when they needed help. Now, Mr. Donohue, you'll have to dance with the one that brought you.
Finally, let me say again, that I know the importance of free enterprise to our economic system and we must jealously guard it. However, as Donohue says, we do need "reasonable regulation." So, instead of sniping at the administration that saved them, businessmen should be working with the administration to work out what is reasonable regulation.
I agree that capitalism is at the turning point. Why? I because of predatory capitalism. A predatory capitalist corporation has no soul, no conscience, no morals, no loyalty to the United States of America and it's people. Being godless, it worships the bottom line regardless who it hurts, man or country. How can a corporation be considered a humanbeing.
And to think the Supreme Court just ruled that these corporations now can spend all the money they want in an election to buy all of the politicians in Washington, the states and cities. Thanks to George W. and all of his friends at the Supreme Court. God help us.