Here’s the ugly truth the left-wing doesn’t want you to know about: There has been an ongoing capital strike in this country, and that’s one of the reasons why unemployment remains high and why two million people have given up looking for work. Of course, there’s a reason why there’s a capital strike at all. For that, you can thank the anti-business, anti-capitalist President Barack Obama.
Now, the capital strike is not the result of the wealthy deliberately keeping its boot pressed on the necks of the Left because of ideology. This isn’t Ayn Rand’s entrepreneur-hero John Galt saying that, “We are on strike, we, the men of the mind. We are on strike against self-immolation. We are on strike against the creed of unearned rewards and unrewarded duties. We are on strike against the dogma that the pursuit of one’s happiness is evil. We are on strike against the doctrine that life is guilt.”
This capital strike is because President Obama has instituted so many onerous regulations that private equity, and even public companies, do not want to invest their risk capital into industries that might be targeted. As a broker of some of the $2 trillion — that’s trillion –- of private equity sitting on the sidelines, I can report from personal experience that this is the reason. Here’s a synopsis of a situation I had with a financier of small businesses named Joe: Read