By Newt Gingrich
Imagine you are a young Bill Gates. You’re smart. You’re ambitious. You’re thinking about starting a business to put your talents to their best use for you and for society.
Then you turn on the television and see President Obama say that “now is not the time” for entrepreneurs to make profits and get bonuses.
You hear Vice President Joe Biden say of corporate CEOs: “I’d like to throw these guys in the brig.”
You pick up the newspaper and read about a bill sponsored by Sen. Claire McCaskill (D-Mo.) to cap the salaries of top executives (“idiots” in her words) of firms that accept government bailout money.
And you read about another bill speeding through Congress that will allow judges to alter the terms of mortgage contracts after the fact; to unilaterally reduce the amount of principal borrowers agreed to pay back when they signed their mortgage contracts.
The Vice President is Threatening to Throw Businessmen in the Brig. Why Take the Chance?
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