On the campaign trail, President Obama touted his takeover of the auto industry as a smashing success (for who?). He said the auto industry is roaring back, which it isn’t. And that GM is #1 again, which it isn’t. Then he said this . . .
I said I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back and GM is number one again. So now I want to do the same thing with manufacturing jobs not just in the auto industry, but in every industry. I don’t want those jobs taking root in places like China. I want them taking root in places like Pueblo.
President Obama just illustrated the power of the bully pulpit. Knowingly or not, the content of what he said will have a negative effect on an already stagnant economy.
The business climate now is in survival mode. Not hiring employees and not planning to expand. The administration is doing everything it can to depress private business by Fear, Uncertainty, and Doubt. The FUD Factor. And it has been that way since before President Obama was inaugurated.
In his first 100 days analysis . . .
The power grab the Obama administration has perpetrated over various industries and companies within his first 100 days is sending only one message to business. Watch out, you could be next.
President Obama’s recent statement answers the final question. Who, what business, or what industry, could be next? Given the chance, he wants “every industry.” After finally admitting to how he truly intends to change this country, there is no end to the FUD Factor where private sector business is concerned.
Until the FUD Factor is eliminated, there will be
- no economic rebound
- higher unemployment
- college grads without jobs
- higher energy costs
- higher food cost
- depressed home values
- “kids” returning home
You know, the whole economic scheme that Obama said “works”.
Couldn’t have said more to perpetuate the fear, uncertainty, and doubt to American business. He’s already got his thumb on energy-related industries. Preventing (high-paying, union) oil industry jobs from being created, and kicking coal miners out of a job. Now, it’s everyone else.
related link: Hugo Chavez Campaign, Sean Penn