Posted on 06/08/2012 4:28:40 AM PDT by SeekAndFind
President Obama would do us all a big favor if he'd ask himself this: "Would I start or expand a business without knowing what regulations or taxes government will impose next year?"
If he'd just stop and ask that, he'd have a sense of what's wrong with the economy. He'd understand why a country that must create 120,000 new jobs each month just to absorb newcomers created only 69,000 last month.
Past recoveries were quicker. Something is different. What could it be?
Let's remember that the economy -- which is to say, us -- is already burdened by byzantine bureaucratic impositions. Every week, the feds add another thousand pages of rules and proposals for rules. Local governments add their own. My mayor, in New York City, even proposes micromanaging the size of the drinks restaurants may sell.
On top of the existing mountain of red tape, the Obama administration has piled on more, with more to come. Obamacare was less a specific prescription than a license for the Department of Health and Human Services to write new rules, lots of which are yet to be written. No one knows how the bureaucrats will micromanage health insurance.
Then there's Dodd-Frank, the 2,300-page revamp of finance industry regulation. Again, the bill left the rule-writing to regulatory agencies. Who knows what they will come up with?
Every year, Congress makes thousands of changes to tax laws. And no one can guess what will happen in 2013 if the 2001 and 2003 rate cuts expire.
There is an irresistible temptation for politicians to "do something" whenever real or imagined problems appear. The number of on-the-fly programs in recent years (from attacks on unpaid internships to Cash for Clunkers) has been astounding. This uncertainty kills job creation.
(Excerpt) Read more at reason.com ...
America is being Alinskied by the Evil Clown-in-Chief!
LLS
Investment, expansion, hiring are all on the table until then. If Obama gets his second openly-socialist term, you'll likely see many small business owners just sell and cash out and try to hide the proceeds. He's not a conciliator, he's a business killer.
While many libs seek to expand government for its own sake, there are a number of them who think “something must be done” whenever some problem arises. That something, for libs, always involves massively increasing the power of government. Which usually ends of making things worse. It usually exacerbates the problem and bloats the bureaucracy. Libs can’t stand the idea of things improving without their heavy hand.
Yet over a century of empirical evidence shows that things NEVER improve with increased government interference and meddling.
Ironically the 2010 elections, which resulted in Congressional gridlock, would have ordinarily provided that certainty and fueled a recovery that would be helping Obama by now.
But instead he stepped in it by turning the regulators loose to go hog-wild writing new rules every day.
Shot himself in both feet and the arse it seems.
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