America’s remaining retailers were already pretty well shell-shocked after seven years of Great Recession administered by those geniuses from Goldman Sachs. But store owners got whacked again when they totaled up retail sales for the long Thanksgiving weekend — traditional start of the Christmas shopping season — and found they were down 11 percent from an already lackluster 2013.
Who would have expected otherwise? Investors in America today operate in a high-risk environment. Our overreaching federal government, run by socialist rabble-rousers who have never had to meet payroll in any enterprise as expansive as a corner yogurt stand, can now shut down any enterprise by deciding it endangers some previously unrecognized weed or bug, or somehow generates too much “carbon pollution.” (A term purposely chosen to make you think of black smokestack soot but which has now been redefined, a la George Orwell, to mean colorless, odorless, carbon dioxide — necessary to life on earth. Really. Every time you or the nearest cow exhale, it’s “carbon pollution.” The federal courts say so.)
Survival thus means knowing who to bribe. Of course, we’re not supposed to call it “bribery.” Let’s just say some big “campaign contributions” — and retaining a senator’s sons or sons-in-law to handle “lobbying” and “legal services” — might be wise.
If you wanted to encourage honest investors to open businesses and develop new products and build factories and thus create new jobs in this country, you might want to offer them a high rate of return to compensate them for these risks. Instead, the current policy of our Keynesian pals at the Federal Reserve is to keep rates of return on U.S. investments as close as possible to zero. Brilliant.