Like him or not, Charles Koch makes the case: Gummint is killing the economy.
...First, we need to encourage principled entrepreneurship. Companies
should earn profits by creating value for customers and acting with
integrity, the opposite of today's rampant cronyism.
Too many
businesses focus on getting subsidies and mandates from government
rather than creating value for customers. According to George Mason
University's Mercatus Center, such favors cost us more than $11,000 per person in lost GDP every year, a $3.6 trillion economic hit.
Compounding
the problem are destructive regulations affecting whether and how
business invests and employees work. Federal rules cost America an
estimated $1.86 trillion per year, calculated the Competitive Enterprise Institute....
Adding the cronyism (hello, Ex-Im Bank) and regulatory costs, we get $5.4 trillion--which represents a 30%+ loss to the economy. Another way to look at it (as did PowerLine) is this: add 30% to your current income to determine how much it costs YOU.
And ObozoCare hasn't even taken full effect yet.
If only a white president had doubled the stock market and created more than 9 million private sector jobs over 50 months...
ReplyDeleteever hear of Ron Reagan?
ReplyDeleteever hear of Bill Clinton?
ReplyDeletedumbass
ReplyDeleteRACIST dumbass
ReplyDeleteGit 'em, Dad! Get 'em!
ReplyDeleteAnon 8:38: Another example of the left's blind obsession with race.
ReplyDeleteRegulations do not cost anything. They are free.
ReplyDeleteClintonite parsing. No surprise from you, Struppinskiy.
ReplyDelete