Its the same thing the Chicoms are doing, only they really do have lots of money; mostly our money. But its all going to end in ’bout 3 years, unless the money runs out before then.

It’s called social democracy, but we usually call it either fascism or Naziism. What it does is allow a bureaucrat to regulate a business, any business, into the ground and then report that the business was “mismanaged,” so government must step in and regulate it more by assigning all management positions.

The fact that the business will never run profitably again is beside the point; what matters is the government effectively runs the company without owning it, and therefore can’t be blamed for its failures.

And let’s not forget that the current health-care payroll tax of 2.9 percent will be expanded to cover all forms of investment and capital formation, on top of the repeal of the Bush tax cuts. The anti-growth consequences are incalculable. You have to wonder sometimes how serious Obama really is about much of anything except himself.

The White House says job creation is priority number one. OK great, but you can’t have new jobs without healthy businesses. And healthy businesses require investment. By taxing investment more we’ll get fewer jobs, reduced real wages, and slower economic growth.

How stupid is it for the president to support a six-month payroll-tax cut for small businesses in the name of job creation while imposing a 1 percent permanent increase in that very same tax to fund the massive new health-care entitlement. Talk about self-defeating. And we thought Bush was a dimwit!