Thanks to the congress-critters in Washington D.C., you’ve got to wonder if taking risks as an entrepreneur is worth it. Harry Reid, Nancy Pelosi, and yes many Republicans seem to think they know best when it comes to managing health care, automobile manufactures and banks. Why take a risk?
With my personal investments, I’m taking a very close look at the possibility of future regulation in the industries I invest in. As an example, an employee at Cigna may take a hard look at the value of investing in their own company, since members of Congress are working towards a single payer system that would completely remove private health insurance companies from the workflow of health care.
We have Barney Frank, President Obama and many other Democrats on video who have clearly stated they think a single payer system is the right system, or that the legislation currently on the table is the first step at getting to that goal.
C. Edmund Wright over at American Thinker has a good article today titled Entrepreneurs go on strike providing analogies to make you think. Why do these self-centered political junkies – who nobody would trust to make a root beer float – think they have the ability to run anything better than the private sector?
They don’t. All they want is the power that goes with the responsibility. When it comes to the actual responsibility, national politicians have learned they can easily blame others including big-[fill in your big bad industry here], a previous administration, or the people themselves for any problems that occur in the future.
Their intentions are always in the right place. Try that running a local ice cream shop.
Here’s a passage from Wright’s piece, read the whole thing.
For many decades, the American dream has been undergirded by the faith that regardless of what the state of the current economy, the economy would come back around because the greatness of ordinary people being freed up to do extraordinary things. Thus the bold gunslinger mentality many business owners have had in previous recessions, refusing to participate, and even expanding cheaply to grab market share in the next recovery.
But it’s different now, and there is no denying it. The dream itself is being killed by legal and regulatory micro-management. Washington is determined to employ policies to cure something that can only be cured by government getting the hell out of the way.
Who would want Harry Ried making their root beer float anyway …. eehhewwww … gross.