Back in the late 90′s, our General Counsel Greg Broiles came up with this wonderful slogan, which was apparently the policy of our government, “Export Jobs, Not Crypto”, because that was the effect of their cryptography export policy.
History repeats itself. I was just at a presentation by Morgan Stanley this morning at Courant and they are opening up hiring in Montreal specifically for the purpose of hiring people that they are not allowed to hire because they are recipients of TARP funds.
It plainly clear to anyone with a brain that if you don’t let firms hire the people they want in the United States, they’ll hire the people they want elsewhere. How is this good for Americans?
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Time to start over with makin’ free countries. This one didn’t have great enough safeguards built in to force it to follow its Constitution. The prosecutors have had their way with it, and it needs to be restructured, this time, more explicitly.
I think you’d be a good guy to have on board as one of the new founding fathers.
Of course, we’ve got our work cut out for ourselves until the restructuring, because it’s a long battle to get to that point. I’d like to know what pro-freedom books you’ve read, and read lately. Ever read “Unintended Consequences” by John Ross? If not, I’d put it high on your list. http://www.john-ross.net
Peace (through superior firepower)
Jake
By: Jake Witmer on March 8, 2010
at 11:29 pm
My basic point is that the same things that led the companies to be awarded and accept the TARP funds, the regulatory state, will undo the companies, and drive out quality workers. Of course, this will be inconsistent and will cause pain for a lot of good people in the interim, but maybe that pain will cause some of those good people to examine the causes of their pain.
By: Jake Witmer on March 8, 2010
at 11:31 pm