Why We Ask: Our mission and operations are funded 100% by conservatives like you. Please help us continue to extend Liberty to the next generation and support the 2024 Year-End Campaign today.

April 6, 2014

Charles Koch Fights Back

Is it too farfetched to connect the dots between a brilliant Wall Street Journal op-ed by Charles Koch, the chairman and CEO of Koch Industries, and the continued sluggish recovery in jobs, business investment and the overall economy? I don’t think so. In his piece, Koch seems to make a plea for a big dose of free-market capitalism. He argues, “The central belief and fatal conceit of the current administration is that you are incapable of running your own life, but those in power are capable of running it for you. This is the essence of big government and collectivism.”

Is it too farfetched to connect the dots between a brilliant Wall Street Journal op-ed by Charles Koch, the chairman and CEO of Koch Industries, and the continued sluggish recovery in jobs, business investment and the overall economy? I don’t think so.

In his piece, Koch seems to make a plea for a big dose of free-market capitalism. He argues, “The central belief and fatal conceit of the current administration is that you are incapable of running your own life, but those in power are capable of running it for you. This is the essence of big government and collectivism.”

Charles Koch and his brother David have been vilified by the left for fighting hard to get political candidates with free-market points of view elected. Protected by U.S. Senate rules against libel, Democratic Majority Leader Harry Reid has called the Kochs virtually every name in the book – including “un-American.” But now the Kochs are fighting back. And I hope they do more of it.

Charles Koch’s op-ed reveals a consistency of thought. He writes, “I have spent decades opposing cronyism and all political favors, including mandates, subsidies and protective tariffs – even when we benefit from them. I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished.”

Koch concludes that the current batch of administration policies “destroys value, raises costs, hinders innovation and relegates millions of citizens to a life of poverty, dependency and hopelessness.”

This is strong stuff. And spot on.

Think of Obamacare as the ultimate central-planning, collectivist, big-government approach. The government is mandating what health care insurance to buy, and taxing you if you don’t buy it. You may lose your favorite doctor or hospital or insurance plan, all while job hiring and work effort are undermined. These intellectual eggheads tell you what you can and cannot do, and where you can and cannot do it. And they prescribe a multi-trillion-dollar government expansion of spending and taxing while they’re at it.

The good news here is that Obamacare is incredibly unpopular. The bad news is that it’s going to be incredibly difficult to rewrite or replace this law.

But Koch’s big fear is that collectivism can’t and won’t stop with Obamacare. He has a point. The Obama machine continues to roll out poverty-trap incentives, paying people not to work. Obama’s EPA is aiming to obliterate the entire coal industry and all the blue-collar workers in it. The president can’t even give the okay to the Keystone pipeline, which is favored by all but the far-Left environmental radicals. Obama’s National Labor Relations Board now wants to unionize college football players. Our corporate tax rates are the highest in the world. And the entire IRS tax system is so corrupt and complex, it has become a major hindrance to growth. I could go on and on.

So why is it surprising that the economic recovery is happening at only half the rate of a normal expansion? Sure, there was some decent news in the March jobs report. But it took nearly five years for private jobs to regain the peak reached in January 2008. In fact, this jobs recovery is the slowest on record since the Labor Department started tracking the data in 1939. And we are at least 5 million jobs below potential.

I don’t want to be too pessimistic. The March employment report of 192,000 new jobs is at least keeping pace with the monthly changes of recent years, sluggish as that may be. And there was good news with a lengthening private workweek and a big jump in the small-business household-employment report.

However, wages were flat in March, and only 2.1 percent higher than a year ago. And the so-called U-6 labor-impairment unemployment rate – which includes people who have jobs they don’t like – is stuck at a high 12.7 percent. A full 10.5 million Americans are unemployed, and 7.4 million are working part time.

One huge reason for the tepid jobs recovery is that long-term business investment in new plants, equipment, warehouses, office buildings and so forth remains very soft. Only recently, in last year’s fourth quarter, did so-called cap-ex get back to its prior peak of early 2008.

High taxes are causing firms to deploy profits overseas. The president keeps bashing business with the threat of even higher taxes and regulations. And no one knows what Obamacare regulatory costs are ultimately going to be.

So with the economy only crawling toward recovery, the solution is not character assassination or more government collectivism. Mr. Charles Koch has it exactly right: We need more liberty and freedom to restore American values and economic prosperity. Politicians and regulators can’t do it. Only hard-working and innovative people can.

So let’s let them do it.

COPYRIGHT 2014 CREATORS.COM

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.