7/21/2010

Stimulating Unemployment And Discouraging Employers

As the old saying goes, “If you tax something, you get less of it. If you subsidize something, you get more of it.

In this case “it” is unemployment, something the Obama Administration has done everything it can to foster more of it, Obama's claims not withstanding.

Of course all the other disincentives for getting another job, or worse, creating them, keep getting bigger. After all, why should Congress or the White House actually pay attention to the employers who actually create the jobs?

Why should anyone in business today want to take the chance of adding employees when they don't know what the Obama Administration and Congress has in store for them? Both seem to be on an anti-business bender, blaming business big and small for the troubles we've all been experiencing. Never mind that it was a Democrat controlled Congress that started spending money like there was no tomorrow. (During the last 2 years of the Bush Administration the budget deficits were bigger than the previous six years combined. It was during the last 2 year of the Bush Administration the big spending Republicans in Congress were replaced by the even bigger spending Democrats.) Never mind it was Democrats in Congress who thwarted President Bush's efforts to rein in Fannie Mae and Freddie Mac.

Why should Obama, Pelosi, or Reid let facts get in the way of their socialist agenda?