John Tamny of Forbes
Addressing a joint session of Congress in 1974, President Gerald Ford made the surprisingly lucid observation that “A government big enough to give you everything you want is a government big enough to take from you everything you have.” Were he alive today, Ford might be amused by what’s happening in Washington.
Indeed with companies suffering a sluggish economic climate–despite frequently faulty, but positive, GDP readings–there’s a rush among some of our best companies to solve the depressed outlook through the accession of government handouts or favor. Needless to say this heightened reliance on alleged government generosity promises to end badly.
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