healthmyths
Platinum Member
- Sep 19, 2011
- 29,043
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Yeah for Obambam. he's a rip roaring success. well a few still falls at feet and will spin for him
SNIP:
Obama’s lousy new normal: Job growth disappoints yet again
By Herman Cain -- Bio and Archives October 5, 2015
One of the biggest wastes of time imaginable is to read news stories about what’s expected in upcoming economic reports. Late last week, we were regaled with stories about how economists were expecting news of robust job growth, and how this would be followed by serious consideration on the part of the Federal Reserve Board to finally raise interest rates—which have been kept artificially low for years in the hope of spurring job growth.
But as is so often the case, the reality didn’t meet the expectations. Job growth stumbled again, with only 142,000 nonfarm jobs added to payrolls in September. And that follows an August that was even worse, at just 136,000. We’re not even adding enough jobs to keep up with the growth in population, which means that glorious 5.1 percent unemployment rate you keep hearing about is only because so many people are leaving the workforce and no longer being counted.
Some folks are trying to blame China’s economic problems for this, just like they’ve tried to blame George W. Bush, cold weather and whatever else they can come up with. Outside forces will always play some sort of role in your economic performance, but the fact remains that a fundamentally strong economy is going to do well over the long term. The Obama economy has consistently given us sluggish job growth and annual GDP growth of barely 2.0 percent.
And it’s not hard to see why: Higher taxes, heavier regulation, intervention in health care markets, hostility toward businesses by the NLRB, EPA, IRS and others . . . and of course, the administration’s refusal to embrace domestic energy exploration on federally controlled lands, which combined with Obama’s war on coal adds up to higher and higher energy costs and an overall higher cost of doing business.
Take it from someone who has run multiple businesses: No one feels confident about adding to their payrolls in an environment like this. You never know if the federal government is going to do something to stomp out economic momentum or punish you for a run of success.
all of it here:
Obama’s lousy new normal: Job growth disappoints yet again
Record Corp profits, lowest sustained tax "burden" on the "job creators" since before Harding/Coolidge's great depression, lowest Corp tax burden in 40 years, lowest labor costs EVER
Tell us some more about the job killing regulations.
"Corporate profits" are usually associated with large businesses.
President Obama has said that “small businesses have always formed the backbone of the American economy.
So taking him at his word... Why then is his administration so willing to destroy them???
“You, there: stop complaining and start hiring!”
That is essentially the Obama administration’s message to businesses. This is an administration that seems to believe that $1 million spent on pollution control will create more than 1.5 net jobs. Who comes up with such numbers?
These entrepreneurial pioneers embody the spirit of possibility, the tireless work ethic, and the simple hope for something better that lies at the heart of the American ideal.”
But the rate of growth for regulatory restrictions was approximately 38 percent larger for the Obama administration between 2009 and 2012 as it was during a similar number of years for President George W. Bush (2001 to 2004).
Restrictions are actual regulatory requirements telling business what they “must’ or “shall” do. But, of course, these are just additions to regulatory restrictions that have been piling up since the 1870’s and now number more than 1 million. And yet Obama, more than any other president, has made decreasing the overall regulatory burden a high priority, issuing a specific executive order to require agencies to decrease the enormous volume of regulations.
As for new regulations that are crushing small businesses, the evidence is everywhere.
A recent survey of small banks conducted by the Mercatus Center at George Mason found that "many respondents expressed frustration at how the rules would affect their ability to continue offering customers products that had worked well for both the bank and the customers.”
These small banks talk of the implementation of the Dodd-Frank financial reform law of 2010 as a “maddening pace of illogical and unnecessary regulation” that would not have prevented the 2008 financial collapse
How Obama Is Keeping Small Businesses Down
Again I'm not saying it "small businesses" are the ones that have lower revenue to hire people to keep up with the rules and regulations.
A simple perusal of the Federal Register shows over 430 rules costing over $65 billion so far this year alone, let alone the entire Crain universe of rules, which stops at 2008. As the Crains note, regulatory costs are often “indirect,” compared with direct taxation.
Significantly, they also note that the “totality” of rules under $99 million are not reviewed by OIRA. That is important because “major” rules — those estimated to cost $100 million or more — comprise likely less than 10% of the regulatory pipeline at any given time. Thus, a rule that is not considered “major” could still impose significant costs in real-world terms.
