Struggling Families Don’t Need Another Bureaucrat

October 31, 2012

Struggling Families Don’t Need Another Bureaucrat

The Way to Revive the Weak Economy is to Undo Democrats’ Job-Destroying Regulations and Tax Hikes, Not to Create a New Cabinet Secretary for “Business”

After four years of failed economic policies, President Obama this week bizarrely floated his latest bad idea: the creation of a new “Secretary of Business.”
Four years of failure has clearly taught Democrats nothing about how to fix the ailing economy. We can’t spend our way to economic recovery, and creating a new government official won’t help either.
The real way to stoke recovery is to repeal the Democrats’ job-destroying regulations like ObamaCare that have crushed small businesses and are preventing them from creating jobs.

After four years of failed economic policies, President Obama this week bizarrely floated his latest bad idea: the creation of a new “Secretary of Business”:

“OBAMA FLOATS PLAN FOR A ‘SECRETARY OF BUSINESS’ IF HE WINS SECOND TERM”: (Peter Schroeder, “Obama Floats Plan for a ‘Secretary of Business’ if He Wins Second Term,” The Hill, 10/29/2012)

BUSINESS LEADERS IDENTIFIED JOB-DESTROYING REGULATIONS; DEMOCRATS WERE SILENT: “As CEO complaints grew, the White House famously challenged the Business Roundtable and Business Council to identify pending rules that were harming job creation and economic growth. The lobbies responded in summer 2010 with a 54-page compendium, but they got no substantive response.” (“Secretary of Say What?”, The Wall Street Journal, 10/29/2012)

OBAMA’S SO-CALLED JOBS COUNCIL HASN’T MET IN NINE MONTHS: (“President’s Council on Jobs and Competitiveness,” The White House, Accessed 10/30/2012)

Four years of failure has clearly taught Democrats nothing about how to fix the ailing economy. We can’t spend our way to economic recovery, and creating a new government official won’t help either:

OBAMA TO DES MOINES REGISTER: NO WAY “WE WOULD HAVE GOTTEN ADDITIONAL STIMULUS OUT OF THE REPUBLICANS”: “And the suggestion somehow that if we hadn’t pursued Obamacare, somehow we would have gotten additional stimulus out of the Republicans, for example, that we could have primed the pump more, that’s just not borne out by any of the evidence.” (“After Editor’s Blog, President Obama Releases Transcript of Register Interview,” The Des Moines Register, 10/24/2012)

TRANSLATION: MORE STIMULUS SPENDING WOULD HAVE BEEN BETTER: (“After Editor’s Blog, President Obama Releases Transcript of Register Interview,” The Des Moines Register, 10/24/2012)

DEMOCRATS HAVE ALREADY BALLOONED THE DEBT BY $5.5 TRILLION: (“The Daily History of the Debt Results,” Bureau of the Public Debt, Accessed 10/30/2012)

PRICE TAG FOR FAILED STIMULUS: $833 BILLION:(Congressional Budget Office, 8/23/2012)

AP: “ECONOMIC RECOVERY IS THE WEAKEST SINCE WORLD WAR II”: (Paul Wiseman, “Economic Recovery is the Weakest Since World War II,” Associated Press, 8/15/2012)

MEDIAN INCOME WAS $55,198 WHEN OBAMA TOOK OFFICE; IT IS $50,678 TODAY: (“Household Income Down 8.2 Percent Since Obama Took Office,” Fox News, 9/26/2012)

STUDY: U.S. INCOMES FELL MORE AFTER STIMULUS THAN DURING RECESSION: (Jeff Kearn, “U.S. Incomes Fell More in Recovery, Sentier Says,” Bloomberg, 8/23/2012)

UNEMPLOYMENT RATE AT 7.8%, SAME AS IT WAS WHEN OBAMA TOOK OFFICE, 10.7% IF WORKFORCE PARTICIPATION WAS THE SAME: (U.S. Bureau of Labor Statistics, Accessed 10/5/2012

DEMOCRATS PROMISED STIMULUS WOULD BRING UNEMPLOYMENT RATE TO 5.6% BY NOW: (Christina Romer and Jared Bernstein, “The Job Impact Of The American Recovery And Reinvestment Plan,” 1/9/09)

The real way to stoke recovery is to repeal the Democrats’ job-destroying regulations like ObamaCare that have crushed small businesses and are preventing them from creating jobs:

STUDY: OBAMACARE REGS HAVE ALREADY COST $27.6 BILLION, KILLED 18,000 JOBS: “Fully implementing Obamacare regulations have already cost the U.S. economy $27.6 billion and more than 18,000 jobs according to a new study released today. Just the top ten most expensive regulations have cost $24.4 billion, according to the new non-partisan and independent American Action Forum (AAF) report.” (Conn Carroll, “Study: ObamaCare Regs Have Cost $27.6 Billion, Killed 30,000 Jobs,” The Washington Examiner, 10/9/2012)

UBS RESEARCH: OBAMACARE IS “ARGUABLY THE BIGGEST IMPEDIMENT TO HIRING”: (“Great Suppression II,” UBS Research, Pgs.1, 5, 9/19/2011)

FEDERAL REGISTER: 11,327 INCREASE IN PAGES OF REGULATIONS SINCE 2009: (“Code of Federal Regulations,” The Federal Register, Accessed 10/30/2012)

JOB-DESTROYING OBAMACARE TAX HIKES ARE ON THE WAY:

CBO: $1 TRILLION IN OBAMACARE TAX HIKES OVER 2013-2022: (Douglas Elmendorf, “Letter to the Honorable John Boehner,” Congressional Budget Office, 7/24/2012, p.6)

NFIB STUDY: 150K SMALL BUSINESS JOBS COULD BE DESTROYED BY OBAMACARE’S HEALTH INSURANCE TAX: (“NFIB Research Foundation Study: Health Insurance Tax to Cost 125,000 to 249,000 Private-Sector Jobs,” NFIB, 11/9/2011)

AT LEAST 14,500 JOBS OR AS MANY AS 47,000 JOBS COULD BE DESTROYED BY OBAMACARE’S HEART ATTACK TAX: (Michael Ramlet, Robert Book and Han Zhong, “The Economic Impact of the Medical Device Tax,” American Action Forum, 6/4/2012)

13,303 SMALL- TO MEDIUM-SIZE MEDICAL DEVICE FIRMS IN U.S., OR 91% OF ALL MEDICAL DEVICE COMPANIES COULD BE AFFECTED: (Michael Ramlet, Robert Book and Han Zhong, “The Economic Impact of the Medical Device Tax,” American Action Forum, 6/4/2012)

INTERNATIONAL FRANCHISE ASSOCIATION: “3.2 MILLION JOBS AT FRANCHISE BUSINESSES CONTINUE TO BE PUT AT RISK”:(“High Court Ruling Puts Jobs at Franchise Businesses at Risk,” International Franchise Association, 6/28/2012)

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