Mr. President, let’s make a tepid recovery worse
2. Continue to rob the private sector of government expenditures to give to the less efficient public sector. The only means of financing this nonsense is through additional debt. The increased debt will displace money needed by businesses in the private sector to add capital that will eventually provide much-needed jobs.
3. Chain down businesses by aimlessly increasing regulation and imposing additional fees on successful financial institutions. This will immobilize banks’ working capital and the amount of funds available for lending to financially strapped businesses that put food on families’ tables across the America.
4. Continue making it clear that all businesses are the villains in the American economy, responsible for the Great Recession. This public pillorying of the business community will assure that risk-averse entrepreneurs will continue to harness and restrain their investment and expansion activities.
Let’s pray and hope that this anti-business president and his liberal entourage in Congress will place economic recovery above ideological, misguided politics. History has and will continue to affirm that the only way to sustain the recovery is to encourage spending and investment. This will eventually provide jobs and return the economy to recovery. Redistribution of income by Washington is a sure formula for further disaster and suffering to this economy.
Williams can be heard daily on Sirius/XM Power 169 from 9 to 10 p.m. and from 5 to 6 a.m.
Visit www.armstrongwilliams.com.
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