Quick question: What is the most obvious thing keeping us from an economic recovery led by job creation? If you answered the increasingly burdensome mountain regulatory red tape from the government, you’d be in the heavy majority of the country who thinks that way as well. If you were to ask the current White House the same question, you’d get a completely different answer (and a list of excuses, blames, and finger pointing).
In a fantastic article this week in the Wall Street Journal entitled “Regulation for Dummies”, the Journal takes a look at the evidence of whether costly, job killing regulations have indeed increased during this Administration or not. (Hint: The answer is YES!)
This is not a shock or surprise to small business owners like myself or the millions of others around the country. Small businesses are the backbone of the economy and historically have been where most job creation happens, when we are crushed by over regulation we can’t afford to expand or hire more people.
To quote from the Journal:
The evidence is overwhelming that the Obama regulatory surge is one reason the current economic recovery has been so lackluster by historical standards. Rather than nurture an economy trying to rebuild confidence after a financial heart attack, the Administration pushed through its now-famous blitz of liberal policies on health care, financial services, energy, housing, education and student loans, telecom, labor relations, transportation and probably some other industries we've forgotten. Anyone who thinks this has only minimal impact on business has never been in business.
If you only listened to the President or his top staff give speeches or media interviews, you would walk away convinced that they all understand that you can’t have a serious jobs recovery when Big Government is in the way. But if you follow the news stories out of the NLRB, EPA, HHS, Commerce Dept. or any other part of the Administration, you would see job-crushing regulations emanating at a unprecedented pace. As the Journal eloquently puts it, “Mr. Obama can claim he is the progressive second coming of Teddy Roosevelt as he did in Kansas last week, or he can claim to be a regulatory minimalist, but not both. The facts show he's the former.”