Obama figures out that Liberalism is a job killer

Posted by: Barthélemy Barbancourt

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President Obama's re-election machine is already running full bore, but has his entire Administration also decamped for the campaign trail? We ask because the towering ambitions of Mr. Obama's first two years have suddenly gone into abeyance in his third, apparently to be deferred until years five through eight. The White House is more or less conceding that it doesn't have a chance of winning a second term unless his major policies go on hiatus.

This holiday from committing liberal history began in December with the White House-GOP deal that extended the Bush tax rates through the 2012 election and added a payroll tax cut on employees to 4.2% from 6.2%. These proposals came from the same Democrats who only months earlier had increased payroll taxes to finance their health-care bill and routinely claim that tax rates don't matter to the private economy. But then, 9.1% joblessness and 1.8% growth have a way of concentrating the political mind.

Next came the much-ballyhooed White House scrub for "excessive" regulation, even as hundreds of new rules mandated by the legislation of the first two years continue to be written and to slow business investment. But at least the rule review persuaded the Environmental Protection Agency to stop treating dairy farm milk spills as if they were Gulf oil leaks.

Picking up the vacation pace, this week the EPA delayed by two months the carbon regulations that it wants to impose, even as it resists bipartisan attempts on Capitol Hill to kill them altogether. Next up may be a delay in pending regulations meant to harm coal-fired power, before opponents gather enough votes to kill them. The EPA has already yanked an entire rule that would have forced thousands of businesses to install new industrial boilers.

Also this week, the Commodity Futures Trading Commission voted—five to zero—to delay by six months the derivatives swap rules that were due this month under the Dodd-Frank financial re-regulation.

Then there's health care. Over the last year, the Health and Human Services Department has granted at least 1,372 temporary waivers to ObamaCare mandates, most notably for price controls on private insurance companies.

If Obama has figured out that liberalism kills jobs, why can't liberals figure this out? I guess Obama is smarter than some people, but not conservatives.

Comments (2)add comment
written by TomC , June 21, 2011

I disagree with the heading on your post. I am convinced that Obama has neither the mental capacity nor the desire to reevaluate his positions on anything. He is merely flowing toward his unchanged goals at a slower pace. In spite of the brilliance with which he has been labeled by the media, he has the temerity to steam-roll ever bigger government at business.

Barthélemy Barbancourt
You are right
written by Barthélemy Barbancourt , June 21, 2011

I doubt that Obama has the mental capacity to figure out much economically.

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