I have been saying for several years now that the future belongs to China. Some people still seem to think that the Chinese are being transported around dilapidated urban cites in rickshaws.  Nothing is further from the truth.

                Given the methods used by the Obama administration in dealing with private corporations, it is not surprising that a number of well known and very successful businessmen are saying that the investment climate in China is less risky than domestic investments.

                Consider for example the fact that General Motors bondholders enjoyed a priority in Bankruptcy over union pension funds.  The Obama administration intervened, and the matter was settled moving unions ahead of bondholders in line for payment. In effect, by circumventing the Bankruptcy process, bondholders lost the value of their contracts, were deprived of the assets that secured their investment.  In Robin Hood fashion, the Obama administration stole value from bondholders and gave it to Unions.  If businessmen cannot rely upon the Constitutional protection against government infringing upon private contracts, it is no surprise that they might trust the government of China more than the Obama administration.

                 While the Obama administrating is injecting itself into the affairs of private corporations, China is moving in the opposite direction. It has privatized its state owned farms, and has realized 150% more production. China is courting foreign investors and offering greater stability to them than has this administration.

                President Obama is using the oil spill to bully BP executives and demanding that BP pay the government millions and perhaps billions of dollars.  Federal law provides a mechanism for dealing with environmental catastrophes, but those laws have been replaced by this President. Acting on his own, he has promised to exact from BP penalties that are not provided for by law.

                The fact that the law may be inadequate in the case of BP does not justify setting the law aside. The United States is supposed to be a government of laws upon which businessmen can rely. When those laws are violated by the government, when businessmen are treated like criminals, it is easy to understand how in the future they will be looking for new market places in which to conduct business.

                Members in Congress have expressed a willingness to pass new laws to make up for the deficiencies of existing laws. The constitution prohibits the government from passing ex-post facto laws.  In short, congress cannot pass a law that imposes retroactive penalties.  Yet this is exactly what this Democrat Congress is threatening to do. If businessmen are deprived of their most fundamental rights by a Congress that is willing to run roughshod over them and the United States Constitution, it is no wonder that private corporations are unwilling to expand existing businesses and start new ones.

                Anyone who still believes that we have a free market is either uninformed or wants to fundamentally transform America.