Are you an employer? Do you know any employers?
Why aren't they hiring?
Because Pres BO has created a lot of uncertainty.
In other words, employers and business owners don't know what the landscape will look like in the near future.
Why hire? Why hire people if you don't know what BO-Care is going to cost? Or what taxes will go up because of "cap and trade"?
Uncertainty is what Pres BO has created.
Professor Robert Samuelson nailed it:
"Obama can't be fairly blamed for most job losses, which stemmed from a crisis predating his election.
But he has made a bad situation somewhat worse.
His unwillingness to advance trade agreements (notably, with Colombia and South Korea) has hurt exports.
The hostility to oil and gas drilling penalizes one source of domestic investment spending.
More important, the decision to press controversial proposals (health care, climate change) was bound to increase uncertainty and undermine confidence. Some firms are postponing spending projects "until there is more clarity," Zandi notes.
Others are put off by anti-business rhetoric."
I'm glad that Pres BO is holding a "job summit" at the White House this week.
However, we would all be better off if Pres BO and the Dems would get out of the way! Let businessmen people run their businesses without so much government, or the threat of, so much government intervention!
1 comment:
I like this from Newt Gingrich:
"It might be a surprise to this White House team, but you don't have to be a celebrity CEO or hold a Ph.D. in economics to know how to create jobs.
The many small-business owners who are members of American Solutions and who actually create jobs have given input and widespread support to the following three-step job-creation plan for the economy.
1. Reduce Spending and Replace Bad Government with Limited, Effective Government to Achieve a Balanced Budget
When Newt Gingrich was speaker of the House, federal spending rose by an average of 2.9 percent per year, the lowest increase since the 1920s. We need to apply the same principles that worked from 1995 to 1998 to create jobs and four straight balanced budgets: smaller government, less spending, lower interest rates and less debt. We also need, where necessary, to replace bad government with limited, effective government, like we did in the 1990s when we replaced a destructive welfare system.
2. Enact Five Key Tax Reforms to Reward Job Creation, Entrepreneurship, Savings and Investment
• Immediate Payroll Tax Relief. Enact an immediate, two-year, 50 percent reduction of the payroll tax, which would boost the take-home pay of every worker and dramatically free up cash for every employer to hire and invest. This tax relief could be paid for with unspent TARP and stimulus money.
• Incentives for Small-Business Investment. Allow small businesses to expense 100 percent of new equipment purchases each year to help them invest in new, more productive technologies.
• Zero Taxes on Capital Gains. Match the Chinese capital gains rate of zero. Former Fed Chairman Alan Greenspan testified in the 1990s that this was the best rate for economic growth.
• Reduced Tax Rate for Business. America has the second highest business tax rate in the world. We should match the Irish business tax rate of 12.5 percent. Combined with a zero capital gains tax rate, America would become the most desirable country in the world in which to invest and start a business.
• Elimination of the Death Tax. Inheritance is the most powerful accumulator of capital. Studies show that eliminating the death tax would create hundreds of thousands of new jobs.
3. Implement an American Energy Plan to Create American Jobs and Keep American Money at Home
Developing more domestic energy while protecting the environment would mean millions of new American jobs and billions in new federal tax dollars, largely without the need for any new federal spending. Unfortunately, the federal government maintains an effective embargo on new domestic oil, natural gas and oil shale development, and hasn't done enough to expand our nuclear power generation. A recovering economy depends on affordable domestic energy supplies.
After today, we can continue down the road of a failing economic policy of government stimulus, or we can change course and implement policies that have historically been successful in creating American jobs and prosperity."
(http://www.sphere.com/2009/12/02/opinion-obama-needs-to-change-course-on-jobs/)
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