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SENTRY JOURNAL » capitalism, Democrats, economy, free enterprise, President Obama, Video, You Tube » Capitalism Lessons for Obama from 1948

Capitalism Lessons for Obama from 1948

Yesterday President Obama called on former President Clinton for his help on the struggling U.S. economy.  It appears Obama is starting to feel the heat from his failed economic policies as more and more people express concerns over his ability to address the nation’s economic woes.  The U.S. Chamber of Commerce issued a scathing critique of the administration’s policies.  The leading business group issued a rebuke of Obama’s economic agenda, accusing him and his Democrats in Congress of neglecting job creation and hampering growth with burdensome regulatory and tax policies.  This is all happening as the Senate prepares to vote on one of the most anti-capitalistic bills (Financial Reform Bill) that this nation has ever seen.
It appears that the President and his party are struggling over what exactly capitalism is and how it can actually help restart the economic engine of America.  So I found this clip on You Tube to help them out.
Less regulation, property ownership, competition, choice, and dare I say…profit.  And hey it all adds up to a free enterprise system.  Now I know capitalism is a tough concept for a Marxist or a group of Marxists to understand, but I hope this 9 minute video helps the Democrats and the President gain a firmer grasp on the basics of capitalism.
Liberty forever, freedom for all! 
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Filed under: capitalism, Democrats, economy, free enterprise, President Obama, Video, You Tube

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Comments
  • Matt July 15, 2010 at 12:47 AM

    Good video. Though I believe it's the same one that Steve ran the other day. I was going to post it tomorrow. Grrr. 😀

    Good post, my friend.

  • John Carey July 15, 2010 at 5:05 AM

    I didn't know that Steve already ran it. I was on You Tube and found it last night.

  • faithfulinprayer July 15, 2010 at 8:55 AM

    It is a good video and more in Washington should listen to it. Unfortunately, we have not been under a true capitalist, free market system in over 100 years. Whatever people are condemning now when they condemn capitalism is a pseudo-captialism.

  • Trestin July 15, 2010 at 9:28 AM

    Sometimes I feel, it's like trying to explain fire to your dog.

  • Randy-g July 15, 2010 at 6:07 PM

    My dog has a better chance of understanding fire than Obama does with capitalism…..

  • John Carey July 15, 2010 at 7:23 PM

    Thanks for dropping by faithful. I agree about Washington officials needing to pull up a chair and watch this. But you are also right when you say we really haven't had a capitalistic system for awhile. Thanks for the comments.

  • John Carey July 15, 2010 at 7:23 PM

    Funny but sad Trestin. Thanks for the comments.

  • John Carey July 15, 2010 at 7:25 PM

    Now that's really funny Randy. I think my dog understand capitalism better than the Obama administration. I have the supply of treats and he has the demand. lol