The president and his vice president are saying that it is not right or good to be successful and you should be punished by more taxation if you are very successful economically.

I think that he does not know how our "American" economy is supposed to work.

People start businesses to make money or profits. If they are successful, they are able to hire employees and build a business.

As they become more profitable, they are able to expand and hire more people.

And the cycle continues as long as they do a good job of meeting their customers' needs.

It is all built on making a profit. This is ultimately where the jobs are created, by companies making profits.

In our system, the way it should work, if you don't make a profit then you go out of business.

Therefore, you need profits to make jobs.

People want to be part of our economic system because they know that with hard work and good ideas they can make profits and create businesses.

Jobs are the essential byproduct of this process, but without the profits there are no jobs.

By demonizing the goal of private equity capital to make profits, the president is showing a total lack of understanding of our economic system and it is no wonder that his policies have been a dismal failure at creating jobs.

His higher tax, more regulation, more government ideas have done nothing to further the goal of more jobs and more taxpayers.

Terry G .Loyd

Lake Wales

http://www.newschief.com/article/20120601/NEW...mic-system