From a business owner who closed his business with the election of Barack Obama:
You weren’t lying when you told that Chicago public radio station in 2001 that the Constitution constrained your vision for government, were you?
Things were getting bad enough with Bush and other Republicans unable or unwilling to fight the encroaching liberal governmental infestation of our lives, but the thought of having a president who believes in that infection — who would champion it and push it — just scared the hell out of me. It beat the entrepreneurial spirit out of me, too.
So I decided to sit the risk-reward world of business ownership out for a while. Like many, we are no longer willing to take all of the financial and legal risks and aggravation of owning and running a business…not with even higher taxes, more regulation, more litigation, and more emboldened bureaucrats on the horizon. People who have a dream to build a better life by taking risks and starting a business instinctively know when those principles are under attack.
And with you, Sir, in the White House, these principles are indeed under attack. Why this surprises anyone is a mystery to me. Jeremiah Wright hates these principles. So did Saul Alinsky. So do Van Jones and Bill Ayers and Andy Stern. I don’t know any “structural feminists,” but I bet they hate them too. And so do you. This is part of the America that you promised to “fundamentally transform.”
I knew what that meant. I could sense the bulls-eye on my back. This is who you are.
And since you clearly do not understand business at all, let me give you a short primer:
Any business idea, from the first day it is hatched, is nothing more than a series of cost-benefit analyses that the idea-holder either acts on or passes on. Sometimes the first decision is to forget the idea. Sometimes the first decision is to move ahead and invest some cash.
Perhaps a few million cost-benefit analyses later, you might have Microsoft or Home Depot or ESPN. Or you might have Bill’s Plumbing or Johnson’s Quality Homes or a café or an electrical wholesaler, and so on. And those businesses still operate on a constant stream of risk-reward decisions. In the business world, there is no neutral gear.
(There: Now you have more useful information than Jamie Gorelick or Franklin Raines got from Harvard.)
And when we have a president and ruling class who are clueless about and hostile towards business, the risk-reward equation shifts dramatically against further investment of time, talent, and capital. And that’s where we are today.
I never really doubted my decision. Yet when I see you hold job summits featuring environmentalists and unions, lawyers, and poverty pimps, I am even more thrilled to be out of the game. When I hear you fantasize that the only reason businesses won’t hire is that they can’t get a loan, my decision is further validated. And when you say that small business is clamoring for you to pass health care, I know that you have taken total leave of your senses.