In the oil and gas industry, innovation and entrepreneurs discovered new and better ways to tap oil and gas resources that were once trapped and unrecoverable. Fracking, and other new technologies, all developed by private companies, gave our nation a new ability to recover natural gas and oil and production has boomed. But apparently, the added domestic energy and the jobs that have been created are in jeopardy as the Obama Administration starts to marshal fringe and environmental extremists, to reduce, or shut down the new production.
As a recent Wall Street Journal report noted, drilling permits are harder, more expensive and take longer to obtain, if at all. The regulatory clamp is strangling gas and oil production, and Team Obama hopes to tighten it still. Perhaps worst of all, Congressman Waxman and Congressman Markey, who apparently believe that gas prices in America are too low, have recently called for new taxes on oil and gas production and a national tax on carbon.
It seems that, having crippled Americans’ edge in the development of pharmaceuticals, Mr. Waxman and Mr. Obama now have moved on to do the same to domestic oil and gas producers.
For small businesses, the regulatory burden has become a killer. The United States was once one of the easiest places in the world to start a new business, and our culture of entrepreneurial energy was the envy of the world.
Throughout America, small companies are struggling under the new, job-killing burdens imposed by the Obama Administration., which seems oblivious to the damage it has caused. Across the nation, new, start-up companies and entrepreneurs with the next big idea are finding it increasingly difficult to attract the capital needed to fund their ventures. Furthermore, the uncertainty that prevails when legislation is proposed, passed, challenged, and then, ultimately sent to the courts for resolution is bad for business.
Even young kids, budding entrepreneurs, are learning that setting up a simple lemonade stand requires government approvals, oversight, and permits.
The explosion in new, regulatory changes that have been pushed through by the Obama Administration are killing job growth and innovation. Sadly, the full crippling effect of these many regulations has not yet been felt. Week by week and month by month, more regulations are enforced that will further constrict our productive abilities.
Democrats and Team Obama seem to believe that more government influence and increased government interference is a preferable situation. They seem to think that all issues are improved and all problems can be made better only by government’s heavy hand.
Some may argue that not all regulations are destructive to our economy, and they’d be correct. But, the Obama Administration’subiquitous level of federal government involvement in almost every aspect of the lives of American citizens seems anti-democratic and certainly anti-liberty. Government overregulation and overreach is killing our economy and destroying the entrepreneurship that built our nation.
Have we not had enough?
I would like to suggest our government impose an immediate moratorium on any new regulations, and consider the damage being done to this great nation. We need to be encourage our job creators and reignite our entrepreneurial spirit.
Maybe, too, it is time for Mr. Obama to resist the most strident demands of those pushing for even more burdensome regulations from the government, and, instead go out and visit (providing the White House can locate one) a kid’s lemonade stand.
Mr. Obama could learn a lot by talking to the kid running it.
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