As recent economic news has demonstrated, the road to recovery for our nation will be long and precarious. With extended debate on measures to eliminate debt as foreign governments deal with solvency issues, the markets have been extremely volatile, all of which has greatly impacted our economy. American businesses are watching their investments with great concern as they have no idea what to expect. This reaps one result: uncertainty. And as anyone operating the in the financial sector will attest to, indecision is bad for business.
All of this would lead one to surmise that the role of government is pretty clear, to inject stability and reliability to the extent possible so that employers making decisions can make plans for hiring and purchasing, which will only help stabilize the greater economy leading to a boost in confidence across every sector.
And while everyone is on the same page with regard to the final objective (i.e. jobs), there is a high degree of variance on how to get there. The While House recently stated it believed a strong recovery begins with small business. No one – not Republicans nor Democrats – would argue with this point as small businesses are the country’s top employer. Yet, the actions of regulatory agencies within the Obama Administration represent a point of view that is completely divergent from this basic and critical goal.
More than at any time in recent memory, Americans have heard from labor boards and about their controversial decisions, which employers have universally decried. All of this has unfolded, as Congress commits to tackling the high unemployment rate and stagnant economic growth with measures targeting overly burdensome and restrictive regulations, which inhibit productivity and cause hesitancy among job creators.
So, it appears that this Fall there will be a serious debate between the executive and legislative branches on the role of regulations in getting the economy back on track. Therefore, one would assume that the Obama Administration’s labor agencies, namely, the National Labor Relations Board (NLRB), National Mediation Board (NMB) and Department of Labor (DoL), along with their job-killing policies, will receive even more attention.