Monday, August 15, 2011

Once Again, Obama Doesn't Understand Capitalism

Today, at a Town Hall meeting associated with his so-called listening (bus) tour, Obama took a lot of time out from listening and, instead, spent much of his time lecturing, blaming, and complaining. One of his "lectures" was to admonish the auto industry for focusing too much on trucks and SUVs. Chiding the auto companies, he said: “You can’t just make money on SUVs and trucks. There is a place for SUVs and trucks, but as gas prices keep on going up, you have got to understand the market. People are going to try to save money.”

Well, gee, Mr. President! Once again you don't seem to understand either capitalism or business. In capitalism, the consumer decides what "they" want to buy and the businesses will respond in kind. If a consumer wants small (dangerous) cars that are fuel efficient, they will buy them in droves and the automakers will shift their production to those kinds of vehicles.

You see, Mr. President, the people of this country like their freedom of choice; and, right now, they like trucks and SUVs. It is not normal in our society to have some crap rammed down our throats; like the mandates of ObamaCare or, even, smaller cars. Telling auto companies to only build small cars might work in some authoritarian communist societies, but not in ours!

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