The Supreme Court's decision strikes a tremendous blow in the duel movement of atheism and socialism. The central debate over whether corporations should have rights like people can make it easier or make it harder to eventually deem corporate balance sheets and income statements as part of public domain. This is why you hear President Obama and Elizabeth Warren scream, "You didn't build that," as justification to find another source for funding their Utopian welfare state.
Noam Chomsky, the heart of the socialism in America, put it this way:
Corporations, which were previously considered artificial entities with no rights, were accorded all the rights of persons, and furthermore, they are "immortal persons," and "persons" of extraordinary wealth and power. Moreover, they were no longer bound to the specific purposes designated by State charter, but could act as they choose with few constraints.
"This obstruction keeps the system rigged for those at the top, and rigged against the middle class. And as long as they insist on doing it, I'll keep taking actions on my own - like the actions I've taken already to attract new jobs, lift workers' wages, and help students pay off their loans. I'll do my job. And if it makes Republicans in Congress mad that I'm trying to help people out, they can join me, and we'll do it together."
There was another blow to the socialist agenda when the court found that a person cannot be made to join and pay union dues.
There has been a lawless and desperate streak in the administration that pushes the envelope in hopes of getting another Obamacare ruling, but that's not the case and finally the Constitution matters. The legal decisions of last week and yesterday are vitally important to the economy which is built on the notion of sound law and free markets.
Weekly Radio Address
Seeking permission to never have to seek permission, President Obama is painting himself as a maverick and modern day Robin Hood whose great ideas on spurring the economy are being held back by "obstructionists" who are really just proxies for big business. Interestingly, it would stand to reason big business wouldn't object to a better economy or the government pouring more money into the pockets of spenders. Be that as it may, the non-stop finger pointing and assignment of blame, that ultimately is an indictment of capitalism, is getting old and makes matter worse.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 31st, 2014 | John Ransom
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