July 8, 2011
The President spoke today,and implied that the failure to raise the debt ceiling was causing uncertainty with small businesses, and that is why they are not hiring. But this isn’t true!
What is causing uncertainty and killing jobs and employment growth are as follows:
- Health care costs owing to Obama-Care
- Energy Costs (with no energy policy in sight)
- Continual avalanche of new business rules and regulations
I doubt if the President even believes what he said: more than likely, he is hoping that over time, the economy will somehow fix itself.