I am not a proficient sailor, but that did not stop me from buying a 27 ft sailboat from a friend who had lost interest in sailing. The price was very low and the boat, though neglected for three years was in excellent condition and all it needed was some bailing out and some hard work to scrub the mildew off and refinish the wood and I am up and sailing in no time.
I inherited the boat just like President Obama inherited this economy which was waylaid, not by Geo. W. Bush, but by three years of a democrat controlled congress and the perfect economic storm of the housing bubble and the thievery taking place in the bond and derivatives markets.
One hand tied behind his back already when young Barack assumed office in 2009, handicapped by Keynesian economic advisers who suggest the way to float an economy when it is sinking is to pour more water in the hull by adding liquidity, money through government spending and reams of new regulations to hamstring anybody who was planning on profits.
And if anyone was so clever to have a profit the threat of higher taxes on an already too high corporate income tax rate to dishearten the hearty among us... Then throw Obamacare taxes on top for taking still more wind out of the sails of the profiteers among us and Obama and his crew of the USS Economic Wreck can sit back and watch all the sailboats weighed down by their taxes, regulations, and energy costs flounder and fail to progress in the doldrums devised by these central planning dunces.
Private enterprise like a sailboat is best kept light and agile and not burdened by government regulations and paperwork. But the Obama administration sees it differently.
President Obama says, "I know there is some rough sailing ahead through these dangerous economic seas, but put these added burdens of higher energy costs and regulations and I have placed hidden reefs out there for you to blunder onto, but have a nice trip."
Most businesses have decided to keep the boat in the slip until the economy improves and the seas calm.
American business has voted with inaction. President Obama must walk the plank.
I am as good a sailor as he has been a great central planner of the economy.
The economy will mark his defeat in November with the largest regatta in celebration ever. Four years of pent up business expenditures, businesses coming out of a long, long economic winter induced cabin fever brought about by President Obama's tom foolery playing with an economic engine he was, as it turns out, woefully under qualified to tinker with, will be punch drunk and ready for business.
Here's hoping for smoother sailing ahead. The US economy was just a tropical depression when Barack Obama took office. His blunders have taken it from a tropical depression to a tropical storm. Hurricane Barack will be the result of giving this man four more years with the wrecking crane.
Americans deserve better. The ship of fools leaves in November. Bonn Voyage!
Jackson Delano Maybolt, President Urban Poverty Law Center
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