Obama unbound

The president’s major domestic objective, as stated in his 2013 State of the Union address, was to focus on job creation and revive a “rising, thriving middle class.”  The president said that job creation would be the “North Star” of his administration. His “North Star”?  The president needs a new compass. What the president has actually done through the government agencies he controls is stifle business: New Environmental Protection Agency regulations to slash carbon emissions 30% by 2030 will have a devastating effect on factory jobs. A study by the Heritage Foundation found that this regulation by itself would cost each American $7,000 in income while killing 500,000 factory jobs and 45% of all coal-industry jobs. Since Obama took office, thousands of new regulations have gone into effect. In 2012, regulation cost the U.S. economy about $2 trillion, or 12% of GDP. And manufacturers have been hit hardest. The average...(Read Full Post)