November 8th, 2012 Economist Marc Faber spoke with Bloomberg television on Nov. 7 regarding the just completed presidential elections. In the interview, Faber had some very stark assessments of what he believes is in store for the economy, and for America. Faber on President Obamaâs reelection: "I think Mr. Obama is a disaster for business and a disaster for the United States. The problem with Mr. Obama is that you get more regulation and itâs disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view." Faber also said âI doubt [Obama] will stay at the presidency for another four years. I think there will be so many scandalsâ and that investors should âbuy themselves a machine gun.â http://www.thedailyeconomist.com/2012/11/marc-faber-obama-re-election-will-be.html
That's how it works. Big business cronyism suppresses the freedom and opportunities of the small businessman. Makes them more dependent on government. Regulation makes it more costly for new bossiness to start, thus keeping competition down for the big existing businesses Unions need big business to operate
Small business creates jobs. Big business supports unions. Make small business strong and more people work. Obama is making big business strong. That is the problem
I can already hear that big swoosh that is the economy (and the country) being flushed down the toilet.