Bernie Marcus co-founder of Home Depot stated in an interview "Having built a small business into a big one, I can tell you that today the impediments that the government imposes are impossible to deal with. Home Depot would never have succeeded if we'd tried to start it today. Every day you see rules and regulations from a group of Washington bureaucrats who know nothing about running a business. And I mean every day. It's become stifling."
Democratic Steve Wynn, CEO of casino company Wynn Resorts said that the Obama administration is the "greatest wet blanket to business, and progress and job creation in my lifetime," then he went on to say "Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration.And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America.
You bet and until we change the tempo and the conversation from Washington, it's not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don't want to say that. They'll say, God, don't be attacking Obama. Well, this is Obama's deal and it's Obama that's responsible for this fear in America."
Those are just the latest of small business owners and big business employers, telling it like it is, showing people why unemployment is continuing to rise, why businesses are terrified of the Obama's administration"s constant threats. How the job killing regulations are killing any chance of job growth in America.
So, it amazes me to see U.S. News & World Report publishing an article stating that the Obama administration added $9.5 billion in red tape in July.
At Tuesday's GOP Senate caucus lunch, the lawmakers said that they will renew their efforts, supported by groups like the U.S. Chamber of Commerce. In a memo Barasso handed out to the lawmakers, he claimed that the administration in July only has put in $9.5 billion in new regulatory costs by proposing 229 new rules and finalizing 379 rules. Among those he cited were EPA, healthcare reform, and financial regulatory reform rules.
Is it any wonder we are at 9.2 percent unemployment, our US debt shot up $238 billion to reach 100 percent of gross domestic project after the government's debt ceiling was lifted, stocks are tumbling, gas prices are up, food costs are up, foreclosures are up, home sales are down and Obama's polling numbers are tanking?
Obama is so far in over his head it is pitiful.