There is an alternative to the Obama dependency economy. We do not have to subject ourselves to chronically high unemployment and an ever-increasing government workforce. As bad as the media makes this recession seem, job losses were actually far worse in the 2001 recession. The difference this time around is that the private sector has not created new jobs to replace the lost ones as fast as it did the last time around. Reduced hiring is particularly acute among small businesses: they account for 36% of the net job losses in this recession compared to just 12% in 2001.We don't need no stinkin' Big Government dependency diapers.
What small businesses need to start hiring is less government intervention in the economy, not more. To promote entrepreneurship Congress could: Freeze all proposed tax hikes and costly regulations until unemployment falls below 7 percent; Freeze spending and rescind unspent stimulus funds; Reform business regulations, such as repealing Section 404 of the Sarbanes–Oxley Act in order to reduce excessive auditing costs; Reform the tort system to lower costs and uncertainty facing businesses; Remove barriers to domestic energy production in Alaska and the Outer Continental Shelf; Repeal the job-killing Davis–Bacon Act; Pass pending free-trade agreements; and Reduce taxes on companies’ foreign earnings if they repatriate those earnings to the United States.
P.S. Give Illinois Republican challenger Isaac Hayes a look. And this:
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