Are They Reading Public Musings?

At the Aspen Idea festival?

“The curse of longterm unemployment is that if you pay people to do nothing, they’ll find themselves doing nothing for very long periods of time,” Ferguson said. “Long-term unemployment is at an all-time high in the United States, and it is a direct consequence of a misconceived public policy.”

Ferguson was joined in his harsh attack by billionaire real estate mogul and New York Daily News owner Mort Zuckerman. Both lambasted Obama’s trillion-dollar deficit spending program—in the name of economic stimulus to cushion the impact of the 2008 financial meltdown—as fiscally ruinous, potentially turning America into a second-rate power.

“We are, without question, in a period of decline, particularly in the business world,” Zuckerman said. “The real problem we have…are some of the worst economic policies in place today that, in my judgment, go directly against the long-term interests of this country.”

Zuckerman added that he detects in the Obama White House “hostility to the very kinds of [business] culture that have made this the great country that it is and was. I think we have to find some way of dealing with that or else we will do great damage to this country with a public policy that could ruin everything.”

Do we have any reason to think they are wrong? Just because Obama is a likable guy? We are running into a problem with our professional politicians - and Obama exemplifies it - these guys have never done anything but run for political office. Obama has never once run a business or made money for anybody. I don't think he believes in his bones in wealth creation. He touted his experience as a community organizer, as if this functions serves society. Sure, being a community organizer is a nice-guy thing to do - it "helps" poor people. I personally think it is nonsense. How could a society of community organizers possibly function? The whole premise is guilting those with money to give up some of it to those that don't. Am I wrong here? And now that is exactly what the federal government is doing for financial reform - bailing out the connected in exchange for their money and support for redistributive programs. Both horrible ideas.