Thursday, April 1, 2010
The Job Killer
Piling unrecoverable costs on America's businesses seems to be the primary goal of the Obama administration. Health insurance mandates, cap and trade costs, burdensome regulation are being foisted on America's private sector employers who dare not raise prices to recoup because customers are already not flocking to buy in what even Secretary of Treasury Tim Geithner admitted today was a horrible employment picture because of the scope of the recession. A company can not pass costs on if customers have no money for discretionary purchases and are leaving in droves anyway. Democrat politicians led by Barack Obama have contended that we "must spend our way out of recession" which is like drinking one's way into sobriety. With unemployment remaining dire, only a Republican Congress being voted in in November may stave off the "great national hangover."
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