Obama Is The Most Anti-Business President
Our nation’s top challenge is the economy. Simply put, the economy is not producing enough jobs. We are in the midst of the longest stretch of high unemployment since the Great Depression. These jobless Americans receive an array of social services from Medicaid to unemployment to welfare. Today some half of all Americans receives government benefits and about half of Americans don’t pay federal income taxes. More jobs would mean more government tax revenue and less government spending. More jobs would lower the federal deficit and build a better nation for our children. But I believe the Obama administration has hurt job creation in two big ways:
First, President Obama himself is the most anti-business president in my lifetime. With rhetoric not befitting a president he has attacked oil companies, banks, airplane users, Wall Street and anyone who makes money. Yet, he seems to forget that if you are making money you are in the best position to create jobs. When the president of the United States is using the bully pulpit to excoriate business at every turn and push the 99 and one percent rhetoric, he is leading by dividing. CEOs are understandably reluctant to invest and hire when they believe the nation’s CEO is out to get them. To be fair, the president recently has tempered his remarks and his actions – but probably because it’s an election year, not because he has had a change of heart.
He recently signed legislation freeing up more wireless broadband spectrum and has embraced a jobs bill that overwhelmingly passed the House and allows start-ups to obtain funding more easily. But he still is at war with bigger companies by reversing his promise for a fairer treatment of corporate taxes compared to our international competitors, and his new budget actually proposes higher taxes on our biggest global companies. Meanwhile, the Obama White House continues to reject any compromise with House Republicans on long-term budget and entitlement reforms. On Tuesday, Budget Committee Chairman Paul Ryan offered a wise and necessary adult budget blueprint that seeks to get America’s fiscal house in order. Yet the White House summarily rejected the plan, saying it “fails the test of balance, fairness and share responsibility.” Second, he has also hurt job creation in America by his own hiring: generally speaking he has hired people who threaten and burden all American businesses with new regulation. In fact, most Americans believe that the administration has hurt business in this country with too much regulation.