Wednesday, November 16, 2011

On Being "a Little Lazy"

Krauthammer on President’s Obama’s recent remark that the United States has been “a little lazy” in attracting foreign investment:

No one is asking him to go out there and be a jingoistic cheerleader. But when you call your own country lazy when you are abroad and call it unambitious and soft when you are home, I think what you are showing is not tough love but ill-concealed contempt. Obama is ready to blame everybody except himself for the lousy economy and the lack of investment.

Why are people reluctant to invest? We have the highest corporate tax rate in the industrialized world. Obama has spoken about it. It’s the one issue on which the Republicans would have agreed on lowering that rate, eliminating the loopholes. In three years in office he has done nothing.

He has an NLRB trying to shut down a billion dollar plant that Boeing is constructing, as a favor to Obama union allies. People look abroad and say this isn’t a place where I want to do business. It’s his issues, his overregulation, his over-taxation and all the red tape he has added. And now he blames Americans’ laziness. I think it’s unseemly.