The question of whether Obama and the boys are stupid or deliberately destructive came up in Eric’s post below. This article from Investor’s Business Daily lists ten reasons for the poor job situation in this country: (Hat tip–Wintery Knight)
-Executive orders and regulations promoting compulsory unionism.
-Obama’s forced restructuring of GM.
-Patient Protection and Affordable Health Care Act of 2010 (ObamaCare).
-Extension of unemployment benefits to 99 weeks — almost two years!
-American Recovery & Reinvestment Act of 2009.
-Minimum wage laws.
-Restoring American Financial Stability Act of 2010.
-Moratorium on offshore oil drilling.
-Expiration of the Bush tax cuts.
-Obama’s runaway spending.
Any number of the above list would make moving a company overseas a good idea. Why would anyone want to start a business or expand a business with all the above hanging over their heads? In the best economy, with everything laid out to the advantage of business, start-ups or expansion is risky. But now, corporations are sitting on trillions of dollars and are too nervous to make a move, with some considering China, of all places, as the place to set up shop. Does anyone seriously think that’s preferred?
The thing is, the detrimental effect each and every point has had on employment and/or the economy had been foreseen. Only a lefty could be so blind as to believe any of these moves would have a positive effect. If Barry’s the brilliant one we’re so often told he is, then this has to be a deliberate attempt to screw things up. Rank stupidity is the only rational explanation.
But hey, the nation was warned. He had no record of wisdom upon which to gamble a vote back in November of ’08. True, McCain is no Einstein. But would we have it THIS bad? Doubtful. Keep in mind also that this is only the arena of economics. Barry’s shown nothing resembling brilliance in any other area of leadership either.