In fact, not only have Obama’s policies made this downturn worse, the policies have not yet begun to run their full course, and that means we have further to go before we hit bottom...
First, we have to realize that the trends of mass layoffs had to end, albeit temporarily...
Second, the effects of the environmental policies such as “cap and trade” and other new regulations have not yet been fully felt by U.S. employers...
Third, increases in the minimum wage will take their toll on lower-wage workers, while other new labor and “workplace safety” policies are going to make it more costly to run a business...
Last, whether or not Obama’s health plan will pass Congress intact is irrelevant. The government is going to make medical care more costly, less available, and a greater financial burden on employers and employees. That is a given, and it also translates into higher rates of unemployment.
At best, the “stimulus” has created a lull in the downturn, an eye in the economic hurricane...
From its expensive wars abroad to its multitrillion-dollar borrowing to the continued criminalization of routine business practices, the government has sent a message to private enterprise that it is the enemy. The rest of us will feel the blunt edge of government policy as we watch the economy implode.
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