Granted this is from House Republicans but the testimony is revealing. Ed Morrissey was up late blogging last night and posted this gem. Something to think about while you a) look for a job, or b) try to hang on to your job.
Now that Republicans control the House, which means they also run the committees, they can begin looking into some of the policies by Pres. Obama that may or may not be restricting the economy. One of the policies that seems to be getting in the way of business the most is the uneven application of regulations on businesses. Why it’s almost as if they make the rules up as they go wrong because they’re trying to accomplish something.
Republicans wanted to know why businesses were not expanding or hiring workers. No question one of the reasons his lack of demand. But in this video you hear from small businesses who say they have little choice but to deal with them unwieldy government because banks won’t lend and the only alternative is a government loan. “Significant restrictions on credit based on the inconsistency of regulators.”
Here’s Ed’s take:
The problem isn’t that investors of all classes don’t want to “bet on America.” It’s that the Obama administration, with its expansion of regulations and increasingly arbitrary enforcement of same, has made the American economy a bad bet. Thanks to aggressive regulation, whimsical waivers, and demand for higher taxes on the investor class, anyone thinking about spending capital on business expansion in the US instead is inclined to wrap their arms around their capital instead. If investors thought they could make money by investing in this environment, they’d already be doing so.
If I were running for office Ed’s quote would be in every speech I gave. For your listening pleasure.
UPDATE: Want more reasons why business won’t hire and how Obama is getting in the way. Listen to these two very special minutes from CKE restaurants CEO Andy Puzder explain the obstacles the WH has put in the way.