Obama and Congress are working on a "jobs" bill, which is awfully nice of them to do, particularly since their last "jobs" bill worked out like this:
Are the economic policies of Barack Obama and Democrats in Congress doomed to fail? Why, yes, they are. If you understand simple laws of economics, you can see that it's as predictable as the law of gravity. Mark Steyn sums it up as well as anyone could.
Functioning societies depend on agreed rules. If you want to open a business, you do it in Singapore or Ireland, because the rules are known to all parties. You don’t go to Sudan or Zimbabwe, where the rules are whatever the state’s whims happen to be that morning.
That’s why Obama is such a job-killer. Why would a small business take on a new employee? The president’s proposing a soak-the-banks tax that could impact your access to credit. The House has passed a cap-and-trade bill that could impose potentially unlimited regulatory costs. The Senate is in favor of “health” “care” “reform” that will allow the IRS to seize your assets if you and your employees’ health arrangements do not meet the approval of the federal government. Some of these things will pass into law, some of them won’t. But all of them send a consistent, cumulative message: that there are no rules, that they’re being made up as they go along — and that some of them might even be retroactive, as happened this week with Oregon’s new corporate tax.
In such an environment, would you hire anyone? Or would you hunker down and sit things out? Obama can bury it in half a ton of leaden telepromptered sludge but the world has got the message: More Washington, more micro-regulation of every aspect of your life, more multi-trillion-dollar spending, and no agreed rules in a game ever more rigged against you.That's exactly right, and that is why the economy will likely continue to struggle until liberal Democrats lose control of Congress, the White House, or both.
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