A Lesson From The Rescue

"It was like the Chilean miners, but he, being the man he is, rolled up his sleeves and said 'I am going to get us out of this hole,'" Sen. Reid (D-NV) said in Las Vegas on Sunday, referring to Obama.

Quite the contrary is true. It was not like the Chilean miners; BO in no way is going to get anyone out of any hole. Only profit-driven innovation got the miners out. Obama has buried the US, not saved it, by trying to kill the very same.

Daniel Henninger writes that there was nothing Obama-like about it; it was in fact all about the Center Rock drill bit. “This is the miracle bit that drilled down to the trapped miners. Center Rock Inc. is a private company in Berlin, Pa. It has 74 employees. The drill's rig came from Schramm Inc. in West Chester, Pa. Seeing the disaster, Center Rock's president, Brandon Fisher, called the Chileans to offer his drill. Chile accepted. The miners are alive. The Center Rock drill is in fact a piece of tough technology developed by a small company in it for the money, for profit. That's why they innovated down-the-hole hammer drilling. If they make money, they can do more innovation.”

Henninger notes that Chile’s health minister never knew that this, nor the rest of the high tech devices which saved these guys, even existed. He continues, “In an open economy, you will never know what is out there on the leading developmental edge of this or that industry. But the reality behind the miracles is the same: Someone innovates something useful, makes money from it, and re-innovates, or someone else trumps their innovation. Most of the time, no one notices. All it does is create jobs, wealth and well-being. But without this system running in the background, without the year-over-year progress embedded in these capitalist innovations, those trapped miners would be dead.”

And yet on the campaign trail just last week BO mocked our “blind faith in the market.” The basic idea said this clueless individual, “is that if we put our blind faith in the market and we let corporations do whatever they want and we leave everybody else to fend for themselves, then America somehow automatically is going to grow and prosper."

Well, ya, that’s right.

BO and his companion levelers are soon to be shown the door.

Robert Craven