Obama's anti-business rhetoric

Andrew Hill has some useful quotes by Obama to remember.

Fast-forward to January 29th of 2009. Despite the economic decline, some of the nation’s largest financial and lending institutions had actually just posted some hefty profits, and had paid their executives bonuses. And once again President Obama chastised the achievement, stating “there will be time for them to make profits, and there will be time for them to get bonuses…now’s not that time, and that’s a message I intend to send directly to them..” Apparently, in Mr. Obama’s view, it is sometimes preferable for companies to be unprofitable – yet unprofitable companies don’t “create jobs.”

And here’s one of my favorites, from May of 2009. Speaking at the commencement exercises at Arizona State University, President Obama advised the new college graduates against private-sector success: “…You’re taught to chase after all the usual brass rings,” the President lamented. “Yah try to be on this ‘who’s who’ list or that ‘top 100 list’…ya chase after the big money, ya figure out how big your corner office is…ya worry about whether or not ya have a fancy enough title, or a fancy enough car…Now you can take that road, and it may work, for some. But at this critical juncture in our nation’s history, at this difficult time, let me suggest that such an approach won’t get you where you want to go. Did you study business? You can go start a company…or, why not go help a struggling not-for-profit find better and more effective ways to help folks in need?” . . .