What We All Know About Obama Now

What We All Know About Obama Now

Why Business sits on the Sidelines

Right now, American businesses are sitting on enormous cash reserves, estimated at $1.93 trillion as of last September.  The Obama team just can’t understand why business doesn’t want to get in the game. It would sure make their lives easier.

In February, EPA administrator Lisa Jackson complained that "even a portion of the $1.93 trillion invested in developing and installing new pollution control technology would result in good jobs right here for American workers.” Jackson made those remarks at a gathering of labor unions and environmental activists at something called the BlueGreen Alliance national conference in Washington, D.C. last February.

This is the same EPA that just finalized the Cross-State Air Pollution Rule that will cause power plants to close that generate up to 17% of America's most affordable energy and will result in soaring increases in energy costs for consumers and businesses. Worse, it will cost jobs at a time when we're supposed to be adding them.

In July, the New York Times trumpeted the good news while gushing that there would be "an additional cost to utilities of less than $1 billion a year"! Imagine that.

The usually reliable Obama ally Unions for Jobs and the Environment estimates that this will lead ro a loss of a quarter of a million jobs, while others estimate the total will be much steeper: up to 2.5 million lost jobs and as much as $7 trillion decline in economic output  by 2029.

By last week, even the lap dogs at the New York Times seem to have seen the light.  An article on Thursday headlined Number of Green Jobs Fails to Live Up to Promises reported that "Federal and state efforts to stimulate creation of green jobs have largely failed, government records show.

Two years after it was awarded $186 million in federal stimulus money to weatherize drafty homes, California has spent only a little over half that sum and has so far created the equivalent of just 538 full-time jobs in the last quarter, according to the State Department of Community Services and Development."

Even Maxine Waters has come to the conclusion that the White House jobs policy is just "a lot of talk".

The worst part of it is that none of it matters. Even if the entire Western Hemisphere completely eliminated all carbon dioxide emissions, the effect on global emissions would be offset by increased emissions from China within ten years. So why are we doing it?

Get the Motor Running

Want those jobs back?  Get out of the way.

• Work with Congress to quickly slash corporate tax rates to single digits or less, and make American companies want to be American companies again and not have to take jobs and profits  offshore.
• Suspend onerous regulations (like those proposed by the EPA) for five years to ten at least, and quit trying to push socialism under the cover of green.
• Encourage real energy jobs in the oil fields of the Northwest and let the natural gas industry fulfill its potential. Leave the green job fantasy to the hippies and radical leftists.
• Quit trying to convince the voters that we need to spend more money on stimulus or raise taxes: they see through all that.
• Perhaps most importantly, commit to a sensible program that ends uncertainty and lets the indomitable motor of American enterprise begin to pull us out of the ditch.

Mr. President, if you announced a program like this, the markets would jump, unemployment would start to drop significantly within 60 days, GDP would begin to grow again.  And it wouldn’t be “unexpected”

Best of all?  You and Michelle could stay at the Vineyard until January 2013, and then everyone would be happy.

Read more: http://www.businessinsider.com/what-we-all-know-about-obama-now-2011-8#ixzz1VlOzpDth
Read more: http://www.businessinsider.com/what-we-all-know-about-obama-now-2011-8#ixzz1VlOi5Qck

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