Sunday, November 29, 2009

Very Little Private Sector Experience in Obama Administration

The Obama administration, like most of Congress, is full of people who have all sorts of ideas about wealth redistribution, but who know absolutely nothing about wealth creation. Wealth is created in the private sector by individuals who take risks to develop innovative ideas in a free marketplace. Congress and the Obama administration is full of career bureaucrats and academics who have never created value or jobs for anybody. Remember this as you listen to the rhetoric coming from the farcical "Jobs Summit" next month.

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