In a recent speech before the US Chamber of Commerce the President missed a perfect opportunity to apologize for accusing them of taking foreign money for questionable purposes. Apparently at the time of his insinuation he had gotten their ledgers confused with his with own.
He did not, however, miss the opportunity to claim that he’d hold the economy hostage (through an insane tax code and inhibiting American exports) until companies agreed to share the benefits of a healthy economy with workers. In the words of the President:
“If we’re fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line,”
Do yourself a favor and go straight to the 7:00 minute mark. Forcing yourself to watch the speech in its entirety comes perilously close to self-inflicted cruel and unusual punishment.
With unemployment hovering around ten percent, cost of living outpacing salaries by lengths, collateralizing the labor of unborn generations and the proposed destruction of the U.S. dollar through “quantitative easing,” it appeared that Obama had every intention of being uncharacteristically true to his word.
Of course, we can’t completely disagree with the President. At least not in this instance. We want the working and middle classes to have a higher standard of living and more money in their bank accounts as well.
That is why we are so sincerely imploring the man to greatly increase the wages of nearly every American worker by taking one very simple step: Stop confiscateing their money.
– Written by Kip Hooker at TheVitaminPress.com
H/T RealClearPolitics.com
http://www.realclearpolitics.com/video/2011/02/07/obama_corporate_profits_have_to_be_shared_by_american_workers.html
