Business Friendly Administration


Obama may be the least business friendly President we’ve had in my lifetime:

Washington — Federal regulators have delayed the proposed merger of Duke Energy and Progress Energy late Wednesday, setting back into plans to merge the two North Carolina-based utilities by the end of the year.

How many corporate deals has this man’s administration destroyed?

Off the top of my head:

  1. Duke-Progress merge
  2. AT&T – TMobile merge
  3. Pipeline
  4. Boeing
  5. Obamacare

That’s just 5.  Right here with little or no thought.

I often tell people that America and being “American” is more of an ideal than a real descriptor of one’s nationality.  For example, if you say he is a “Japanese” you will know that he is a man born and raised in Japan.  His heritage is Japanese.  Same for a German or a Mexican.

But when you say he is an American you can not assume him to have been born in America.  Nor can you assume race or historical nationality.  Rather, American means that quality that embraces the pioneer, the risk taker the lover of freedoms and Liberty.  It is an ideal of hard work results in hard rewards.  Of all the nationalities that one could be, American conjures the bootstrap.

Obama is not American in that sense.  And in that way and measure, when he says he is going to fundamentally transform America, I believe him.

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2 comments
  1. dedc79 said:

    Two observations.
    1) It looks like you counted to two and ran out of examples (what is the common thread between the AT&T merger and obamacare? What “corporate deals” did obamacare destroy?)
    2) blocking mergers may not be good for the businesses seeking the mergers but it is not necessarily bad for business in general, and could be good for consumers

    • pino said:

      It looks like you counted to two and ran out of examples

      I admit, I laughed. Even if I disagree with your statement, it’s funny.

      what is the common thread between the AT&T merger and obamacare? What “corporate deals” did obamacare destroy?

      There is no thread between ATT and Obamacare. Or the Boeing plant in South Carolina. Or the proposed pipeline. No thread other than those are all examples where his administration has stepped in to block corporate plans that would result in increased economic gains.

      blocking mergers may not be good for the businesses seeking the mergers but it is not necessarily bad for business in general, and could be good for consumers

      In theory, that is true. However, I maintain that the only method whereby a monopoly condition can occur is that condition where government created it. In the case of Duke and Progress Energy, I am more open to cede the point to a degree.

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