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Blog Archive

Tuesday, May 22, 2012

postheadericon Obama is no friend to small businesses

President Obama probably didn’t intend for the spat with Newark, N.J., Mayor Cory Booker to come at the start of National Small Business Week. The White House is now in a sticky spot, trying to explain that they believe in free enterprise … just as long as it’s not too big?
 
The fact is Democrats have tried to make Romney out to be a Wall Street barracuda, preying on working Americans. It’s true, the act of buying up failing companies, with the understanding that many employees with be laid off, as Bain Capital does, might sound “unfair.” (Jonathan Haidt might have some thoughts on why that is.) But this is an incomplete ! picture. While Bain Capital has “destructive” qualities, it also plays a constructive role, creating and expanding new jobs and opportunities.

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