Quote: “The American economy is dynamic because Americans like it that way, even now. A Pew poll released on May 21st (2009) found that 76% of Americans agree that the country’s strength is ‘mostly based on the success of American business’ and 90% admire people ‘who get rich by working hard.’”Source: “Piling on.” The Economist. 28 May 2009.
Before 2008, there were only two U.S. senators, Harding and Kennedy, elected to the presidency. Obama is the third.
There is a reason why there have been so few: Senators are the elected officials in America most disconnected from the marketplace. The majority of them have always been politically-focused lawyers. Very few have worked in business or managed anything, public or private, before they entered the Senate. For those reasons, Americans generally don’t trust that they’ll be good presidents.
Unfortunately, in the last election, the three main candidates, Obama, McCain, and Clinton, were all sitting senators with no business experience. So, it was probably going to be the same outcome regardless of which of the three was elected.
Barack Obama seems unaware of the business of America, which is entrepreneurial wealth creation. Even in democratic circles, there is a growing consensus that he “doesn’t get” how America progresses and grows. It’s understandable that a man whose entire advancement has been based on government subsidies and campaign contributions would be strongly committed to expanding government.
Likewise with Mrs. Obama and all of Mr. Obama’s closest confidants and mentors over the years. Government has been good to them. Why should it not be good to everyone else?
A big collision is coming, starting in the off-year elections in 2010 and then the next presidential contest in 2012. It pits the American people, who understand that America is created by business, against an administration that thinks all of life depends on government.
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