An Obama ad running in Ohio says, “Ohio auto workers are leading the recovery, with autos supporting 1 out of every 8 Ohio jobs and workers in 80 counties. That’s why President Obama stepped up, rescued the jobs, saved the industry.”
Nice talk, except for one inconvenient little fact: It’s not the government’s job to rescue workers, companies, or whole industries. It’s simply not in the Constitution. But no one seems to care — including Republicans. If they did, why didn’t they call for Barack Obama’s impeachment when he used taxpayer money to save two private-sector companies?
To make matters worse, Obama screwed GM’s and Chrysler’s bondholders and arbitrarily handed over control of the two companies to their workers (as in, communism). As a result, these two companies are nothing more than transfer-of-wealth conduits for pampered auto employees.
Both GM and Chrysler will continue to fail in the marketplace because their transfer-of-wealth business models will never be able to compete with car companies that operate in accordance with marketplace constraints.
But never fear. Neither GM nor Chrysler will ever be allowed to go out of business. You — and your children and grandchildren — will continue to keep them alive with your hard-earned money so they can continue to provide auto workers with the lifestyles to which they have become accustomed.
That said, here’s yet another piece of advice to Team Romney: Confront the “Osama bin Laden is dead and GM is alive” slogan head on — and hard. As to bin Laden, the truth is that the public doesn’t know what really went down in Pakistan (including whether or not it was actually bin Laden who was killed), so that part of the slogan should be dismissed out of hand. In any event, if bin Laden actually was killed, George Bush would deserve the bulk of the credit for putting into place policies that the Duplicitous Despot actively opposed.
As to the auto bailouts, however, Team Romney should excoriate them as perfect examples of America’s fundamental change toward a redistribution-of-wealth, dictatorial society. Then explain the efficacy of one of the most important aspects of free markets — creative destruction.
And they had better do it while at least half the country is still willing to listen to the unvarnished truths about capitalism — and why, in the long run, these truths actually make everyone better off.
Oh, and one other point: Capitalism also makes everyone more free … in case anyone still cares about such a mundane issue.
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Copyright © 2019 Robert Ringer
ROBERT RINGER is a New York Times #1 bestselling author and host of the highly acclaimed Liberty Education Interview Series, which features interviews with top political, economic, and social leaders. He has appeared on Fox News, Fox Business, The Tonight Show, Today, The Dennis Miller Show, Good Morning America, The Lars Larson Show, ABC Nightline, and The Charlie Rose Show, and has been the subject of feature articles in such major publications as Time, People, The Wall Street Journal, Fortune, Barron's, and The New York Times.
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