If there was any doubt that Obama is hostile to business
and out to damage capitalism, this story should settle it. On April 15th during
an interview on Fox News, I reported that President Obama had put 6,118 new
regulations in place in just the first 90 days of 2013. Well guess what? It’s
gotten worse.
Since then, Obama has cracked the whip at his
government-run lawyer sweatshops. The productivity of his job killing lawyers
and bureaucrats is up from 68 to 72 new regulations per day. That’s very bad
news for the productivity of the rest of us. Because history proves that
government + lawyers + more regulations = death of the economy.
Why are there no jobs? Why does the economy only move
sideways? Why are American workers' wages stuck in quicksand? Why did one of
America’s largest law firms just yesterday announce massive layoffs and salary
reductions? The answer is Obama. His rules and regulations are killing the
spirit of American business. But this was all child’s play compared to Obama’s
newest directive. [more...]
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