A Call to Courage (For Business People and America at Large)

In the attached article in the National Review by Lee Habeeb and Mike Leven they call on business people to step up their game. The state thinks it has businesses under its thumb. The state is strangling the economy with heavy handed central planning and it is crushing the spirit of America.

It’s time for business people to take it right back at the state—which exists because business and the citizenry have funded it. The state serves at OUR pleasure.

Fight now Habeeb and Leven say because the state will not roll back on its own. Liberty will not expand on its own. America is like a garden. The weeds of the state rise up and they must be cut back to let sunlight through. If not the garden will be choked.

We’ve got a lot of weed whacking to do.

(From the National Review)

“A case in point.

In a recent Wall Street Journal article, we learned about what should have been a routine conference call on some rule changes that impact small and regional banks. On the call were officials at the Office of the Comptroller of the Currency and nearly 1,500 bankers. A man who identified himself only as a fourth-generation banker from Minnesota began complaining about the possibility of having to set aside much more money when making nontraditional mortgage loans.

The banker didn’t understand why the bureaucrats were for this change, because he’d been making loans of that type for nearly 40 years, with almost no defaults.

That’s when things got interesting.

‘Then came an eight-letter barnyard epithet,’ the Wall Street Journal’s Victoria McGrane reported. OCC officials cut the Minnesota banker off to take another question, but the next three bankers in line agreed with him.

The Journal reported that ‘executives at many small banks complained that the rules could force them to cut back on loans to small businesses or homeowners. Camden Fine, president of the Independent Community Bankers of America . . . said that he had never heard such blunt talk from bankers.’

Fine added that ‘more than 100 emails piled up in his box after the conference call, and similar outreach efforts by other regulators resulted in hundreds of additional messages.’

But here’s the kicker: That angry Minnesota banker who didn’t use his name in the conference call confirmed the comments he made in that call in an interview with the Wall Street Journal. But he asked not to be identified in the article either.”

Click here for the article.