Wednesday, January 19, 2011
To prove that the post-shellacking "Barack Obama 2.0" is now friendly to business, the president has announced his plan to review government regulations which discourage hiring, inhibit business growth, and make American companies less competitive.
"Review" being the word that politicians use when they want to give the illusion of taking action, with no intention whatsoever of following through and actually doing anything.
In the same way that only reading a diet book won't cause weight loss, or forming a Debt Reduction Commission won't actually reduce debt, the president's "review" won't actually make the business climate better... and won't produce many surprises, either.
For instance, we can already tell Mr. Obama that any government regulations which increase the cost of hiring - whether an increase in minimum wage or higher premiums for Obamacare - kill jobs and encourage layoffs. The president's threat of a government increase in taxes on business and investment in two years hurts both right now.
Proposed energy taxes which make it prohibitively expensive to actually build things in the United States reduce our ability to compete internationally. Shutting down segments of our domestic oil exploration and production while oil prices skyrocket hurts all businesses. And regulations which exist solely to shore up the power of Democrat-friendly unions force domestic employers to find affordable employees overseas.
In other words, Mr. Obama, the reviews on your business policies are already in... and your "Hope and Change" show is a flop.