As I was closing some open windows on my desk top, I caught this comment from former GE CEO Jack Welch on what the president could do to right a listing economy, contrasting that with what he has proposed to do:
Oh, he can do a lot about the economy. He could look at drilling for oil. He can, by himself, can drive that posture. He could put a moratorium on regulation until we’ve got unemployment below a certain level. He could do it. And he could, most importantly, change the posture. Everything we do in this administration is more punitive than it is incentivized. Let me give you a perfect example. Let’s take the jobs bill. They put in there Section 371. That is an ability to sue for unemployed people who are out looking for a job to sue for $300,000, for example, if they hire Andrea who has a job and don’t hire me, unemployed. It’s crazy. They, they give a $4,000 incentive to hire an unemployed person, then they give a $300,000 penalty if you happen to discriminate against an unemployed person. Come on, you’ve got to get a positive framework.
Emphasis added. Sounds like some pretty sound advice.
Section 371 was not written by legislative leprechauns who set about doing playful mischief. It was written by legislative gremlins who intend pain and suffering.
Welch is dead right about the Obama legislative curse. The whole focus of Obamaism is to destroy the existing order and force the fundamental transformation of America which he still will not openly define or even describe.
Interesting in that the current GE chieftan (Imelt) is one of Obama’s biggest water carriers. Welch did more to increase GE’s value while there than Imelt has…in fact Imelt has decreased the stock value considerably with his left of center management.
Just come out and say it : Obama wants this economy to fail and if not directly, he’s in favor of doling out the goods to his big-time supporters such as trial lawyers!