Here is an article about Democratic presidential candidate John Edwards’ speech to the Teamster’s Union in Chicago, IL.

(Bloomberg Article About John Edwards)

Democrats promise to:

• Raise income taxes sky high
• Raise capital gains and dividends taxes, making it more costly to do business and raise job-creating capital in America
• Require all employers to provide health insurance for employees, even for part-time workers (if they can’t get socialized medicine rammed down our throats)
• Make it more difficult to do business by giving unions greater power over entrepreneurs and business owners so they can more easily extort above-market wages and benefits
• Tax the hell out of energy products by putting a “carbon tax” on everything from gasoline to electricity, dramatically raising the cost of production

Why don’t Democrats ever discuss the detrimental effects their policies have on American jobs and manufacturing?

Wages are a concern for every employer, absolutely. But another concern–and depending on the industry, possibly the biggest concern–is taxes. Taxes are a direct bite out of your profits. Taxes mean not only less money for business owners, but also less money for reinvestment and further job creation. Employee wages are a cost of production, taxes are not.

Another huge concern is regulation. Do you think the restaurant owner who barely makes $75,000 in annual profits wants to be forced to buy health insurance for his part-time waitstaff?

If you want to push jobs overseas, tax businesses at a very high level and regulate every aspect of their activities. Mandate that businesses must waste time and money on things other than production. Also, make it very difficult to fire under-performing employees. Put in place an agency that vigorously investigates fraudulent and vindictive claims of “racism” which cost thousands of dollars to defend against.

Hmmm, Democrats in America are trying to push us toward the very things France is moving away from. Democrats could learn from France, particularly their economic troubles which were caused by these very same policies that Democrats are fighting for.

By the way, do you think John Edwards’ barber is a union barber?

This entry was posted on Tuesday, August 7th, 2007 at 3:52 am and is filed under DFL Economic & Tax Policies. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.