Business Anxiety Rises; Does the White House Care?

Fiscal Times ^ | 09/28/2012 | By LIZ PEEK,

[SeekAndFind]

The NFL is finally putting expert referees back on the job. If only American businesses could do the same.

Unhappily, while the U.S. economy teeters on the edge of recession – again – the White House continues to spin out red tape and tax uncertainty that is casting a pall over employers. The results are in: Bad calls from the sidelines and rogue penalties are dampening growth and stifling hiring. America: We need a new coach!

The U.S. economy grew far less than expected in the second quarter, with expansion of 1.3 percent falling far short of the 1.7 percent median forecast gathered from economists. Consumer spending rose at an annual clip of only 1.5 percent, down from 2.4 percent in the prior quarter. Compounding disappointing consumer news, durable goods orders plummeted 14 percent in August and new home sales fell last month as well. Corporate profits are faltering and job growth continues muted. Some now put the odds of a recession at 50 percent.

What do we hear from those who might turn this situation around? Surveys just out from the National Federation of Independent Businesses (NFIB) and the National Association of Manufacturing report 69 percent - more than two-thirds- of small business owners and manufacturers say “President Obama’s Executive branch and regulatory policies have hurt American small businesses and manufacturers.” Worse – 55 percent say they would not start a business today “given what they know now and in the current environment.” The head of the NFIB said in a press release, “It’s time Washington started listening to America’s job creators.”

[freekitty]

No

[SaraJohnson]

Obama is a third world Marxist. He cares in as much as he is celebrating America’s economic and cultural downfall. He and his liberal pals have worked for decades to end whitey’s America. The closer we get to mainstreaming the ghetto, the happier Obama is.

[freekitty]

Yep