Wednesday, June 23, 2010

Duh

This has got to be some sort of a joke, right?
The chairman of the Business Roundtable, an association of top corporate executives that has been President Obama's closest ally in the business community, accused the president and Democratic lawmakers Tuesday of creating an "increasingly hostile environment for investment and job creation."

Ivan G. Seidenberg, chief executive of Verizon Communications, said that Democrats in Washington are pursuing tax increases, policy changes and regulatory actions that together threaten to dampen economic growth and "harm our ability . . . to grow private-sector jobs in the U.S."

"In our judgment, we have reached a point where the negative effects of these policies are simply too significant to ignore," Seidenberg said in a lunchtime speech to the Economic Club of Washington. "By reaching into virtually every sector of economic life, government is injecting uncertainty into the marketplace and making it harder to raise capital and create new businesses."
Who'd a thunk it? Mr. Seidenberg, I've just one comment to make here.

Duh.

The big question is, what the hell took you so long? At what point did it actually begin to dawn on you that the tax-tax-tax-spend-spend-spend entitlement program might not create the absolute best environment for business growth? And, more importantly, why did it not dawn on you somewhat earlier than it did?

Or, more likely, what government policies that you thought were going to benefit you and your organziation at the expense of competitors are no longer worth what you thought they'd be?

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