Friday, June 24, 2011

A Telling Exchange

Secretary of the Treasury Tim Geithner inadvertently confesses here:

Before Congress He Admits Purpose is Big Government

If you haven't got time to read the whole pathetic recount, here is the essential exchange:
Geithner’s explanation of the administration's small-business tax plan came in an exchange with first-term Rep. Renee Ellmers (R.-N.C.). Ellmers, a nurse, decided to run for the U.S. House of Representatives in 2010 after she became active in the grass-roots opposition to President Barack Obama’s proposed health-care reform plan in 2009.
“Overwhelmingly, the businesses back home and across the country continue to tell us that regulation, lack of access to capital, taxation, fear of taxation, and just the overwhelming uncertainties that our businesses face is keeping them from hiring,” Ellmers told Geithner. “They just simply cannot.”
Failure to understand that regulation, taxation, and uncertainty stifle free enterprise is the core of the problem. Geithner seems to fit right in in that regard:
Treasury Secretary Timothy Geithner told the House Small Business Committee on Wednesday that the Obama administration believes taxes on small business must increase so the administration does not have to “shrink the overall size of government programs.”
The whole point is that shrinking the overall size of government is the solution, not the undesired outcome.

1 comment:

an Donalbane said...

And that, of course, sums up the Democratic philosophy that the people are not responsible for their stations in life, the State has control.

I'll be not much surprised to hear a Timmy Geithner-type bastardize RWR's 1980 retort to a heckler, in somewhat the following form "We can't do a damn thing for you until we have all of your money!"

It looks like we're heading there sooner, rather than later.