June 8 (Bloomberg) -- I’ve finally figured out the Obama
economic strategy. President
Barack Obama and his team have been
having so much fun wielding dictatorial power while rescuing
“failed” firms, that they have developed a scheme to gain the
same power over every business.
Once that happens, their new pay czar Kenneth Feinberg can
set the wage for everybody and Rahm Emanuel can stack the boards
of all of our companies with his political cronies.
If there were a power ranking of U.S. companies, like the
ones compiled by football writers for National Football League
teams,
Microsoft would surely be first or second to
Google. But
last week, Microsoft Chief Executive Officer
Steve Ballmer came
to Washington to announce what Microsoft would do if Obama’s
multinational tax policy is enacted.
“It makes U.S. jobs more expensive,” Ballmer said,
“We’re better off taking lots of people and moving them out of
the U.S.”