There was a presentation of some sort by Obama (about the big Camp David meeting I think) and I was not paying close attention. Then he took a question about private capital. The answer was carefully fuzzed in specially chosen verbiage, but the intent was rather stunning.
If anyone can find a copy of his Q&A from today, I’d love to get the exact wording.
In essence, what he said was “There’s a place for private capital in our economy, but he doesn’t see it as very important to his job, which is to fund “investment” in infrastructure, research, and building our future economy. In other words, “The business of America is Big Government running everything”… oh, “and a tiny bit of private capital for the uninteresting bits”.
He went out of his way to say that promoting private capital was NOT part of “His job” and that R&D, Education (I think), and Infrastructure belonged to the government, so were his job.
This means that any statement of the form “That will kill private jobs” or “that will kill private capital” or “that will kill private energy” or… are all “not his job”. It also means that anything of the form “that will employ a lot of folks in government” or “that will fund a lot of politically controlled R&D” or “that will build a lot of stuff under government control” is what he sees as “His Job”.
Perhaps someone ought to point out to him that the telephone and internet infrastructure is largely funded by private capital and that the R&D that made all the military toys we have including GE Jet Engines was done by private capital. No, on second thought, don’t tell him. We don’t need more nationalization of industries…
I’m pretty sure he had some words about the need to for even more regulatory burden as being part of His Job, but can’t say for certain.
Somehow I’d never expected him to be so explicit about it. Though it was couched in carefully selected fuzzy positive words. ( Like “research” and “investment”). It was just so explicitly backwards from the classical line: “The business of America IS business!”
Would Obama agree with:
“The chief business of the American people,” he said, “is business.” But, for Coolidge, business was more than business; it was a religion; and to it he committed all the passion of his arid nature. “The man who builds a factory,” he wrote, “builds a temple. The man who works there worships there.” He (Coolidge) felt these things with a fierce intensity.
No, now for Obama, “The chief business of the American people is to fund his growing government” and “The man who builds a factory is a despoiler and exploiter of the poor. The man who works there is an oppressed proletariat.” And while there is a place for private capital, the distinct feeling I got was that he saw that place as a small corner of the museum / mausoleum he was building…
I do hope someone can find that on video as I’d like to listen to it slowly and carefully a couple of times and see what other hidden visioning he leaks during that presentation.