USA Today: “Now, preparing for next year’s re-election campaign, Obama is moving to refurbish a political brand that has been defined for the worst by his Republican opponents, dented by the realities of governing and battered by a faltering economy. He is going on the road to Americans’ workplaces to argue he’s made tough decisions that will pay off over time.”
Since January 2009, American businesses have faced at least three big potential risks to their bottom line besides the lingering effects of the 2008 crash: A) the possibility of tax hikes B) the possibility of greater costs for health care to employees imposed by government and C) the possibility of much higher costs for energy use triggered by cap-and-trade legislation or some sort of tax aimed at reducing carbon emissions.
Our current housing market crisis stems in large part from the jobless crisis. No matter how much you refinance, a homeowner with no income cannot pay his mortgage. The only thing that will create lots of jobs on the scale we need is a hiring spree by American businesses, who have spent the last two and a half years watching (and fighting) a group in Washington with little private sector experience push to impose these new costs.
Finally, a business or union or other entity can avoid all of these mandates if the Secretary of Health and Human Services likes them and grants them a waiver. Somehow it is less than surprising to learn half the waivers are to unions and 20 percent have been given to Nancy Pelosi’s district in San Francisco.
As long as voters ignore the impact of Obamanomics on their lives, his reelection is assured.