John Ransom

When it’s gotten to the point that advertisers won’t be able to market milk to kids because of restrictions placed on them by the Obama administration, you know we’ve met more than just a crisis of confidence in the country.

New regulations proposed by Obama’s FTC would prohibit putting a kid’s favorite athlete on a carton of whole or 2% milk within the next four years.   

Every day, people go to work across the country and try to figure out how to sell more products so they can keep their jobs, make their house payments and generally get on with the business of life. For the 70 percent of us who don’t draw government paychecks, that’s how we create economic certainty for ourselves and our families.

Some of us sell houses and some of us sell milk.

But right now, big, fat government is standing in our way- too wide, we can’t get around it; too tall we can’t get over it and it’s killing our economy.

While there are a lot of proposals out there on how to get the economy going again, most of them have this fatal flaw: They assume that our problem is in not having enough money when in fact, the amount of money available in the “system” has never been greater.

There’s just a bit shy of $2 trillion in ready currency available for spending according to the St. Louis Federal Reserve.  By every other measure too, there’s plenty of money for job creation.

What the economy is missing is commercial loan activity or a willingness by corporate boards to part with cash. It’s missing those components because bankers and board members generally aren’t dopes when it comes to business decisions.   

Nope, we have enough money to get out of the doldrums. The problem isn’t liquidity.   

The problem is that we have way more Obama than our economy can stand.

In addition to wanting to ban marketing whole and 2% milk, the Obama administration is also suggesting that we ban marketing peanut butter, whole wheat and whole grain breads, most soups, vegetable juice, cheese, oatmeal, canned vegetables, most yogurts, cereal bars, popcorn and pretzels.

Apparently there’s a belief that kids are consuming huge amounts of oatmeal and whole grain breads while they watch yoga shows sitting on the couch, and, as a consequence, they’ve become fat.


John Ransom

John Ransom is the Finance Editor for Townhall Finance.