The economic experts are worried.
From the Managing Director of the International Monetary Fund, to the central bankers of China, the U.K. and France, to the specialists on Wall Street, some of the presumed “best and brightest” among us are expressing concerns over a global economic slowdown. And the fussing got a little louder after last Friday’s employment report here in the U.S.
These presumed geniuses, including the IMF’s Christine Lagarde, in particular, need to understand something. Their friend President Barack Obama has become nothing short of an enemy to one of the world’s greatest economic engines – American small businesses.
It’s insufficient to say that President Obama isn’t helping small businesses, or that the President isn’t “trying hard enough.” The Obama Administration is proactively attacking small businesses, as though they were domestic terrorist cells – while at the same time they seem genuinely surprised that “job creation” is so weak.
Small businesses and their respective advocacy groups have no idea how to cope with the mandates placed upon them by Obamacare, nor how vicious the President’s army of 50,000 new I.R.S. agents will be in auditing and penalizing them. And since 2010’s “banking reform” laws came to pass, banking and lending institutions have been in a state of shell-shock trying to figure out how to continue doing what they do – lending – without getting penalized for allegedly violating the all-important reforms.
What isn’t so widely known, however, is the increased frequency with which individual businesses are being confronted and threatened by governmental agencies other than the I.R.S. For example, U.S. Congressman David Schweikert (R-Arizona) tells a horrifying story about a small business owner and his government- and it’s a story that helps explain why the economy isn’t growing.
Read more: http://townhall.com/columnists/austinhill/2012/07/08/economy_stalls_as_obama_targets_businesses
From the Managing Director of the International Monetary Fund, to the central bankers of China, the U.K. and France, to the specialists on Wall Street, some of the presumed “best and brightest” among us are expressing concerns over a global economic slowdown. And the fussing got a little louder after last Friday’s employment report here in the U.S.
These presumed geniuses, including the IMF’s Christine Lagarde, in particular, need to understand something. Their friend President Barack Obama has become nothing short of an enemy to one of the world’s greatest economic engines – American small businesses.
It’s insufficient to say that President Obama isn’t helping small businesses, or that the President isn’t “trying hard enough.” The Obama Administration is proactively attacking small businesses, as though they were domestic terrorist cells – while at the same time they seem genuinely surprised that “job creation” is so weak.
Small businesses and their respective advocacy groups have no idea how to cope with the mandates placed upon them by Obamacare, nor how vicious the President’s army of 50,000 new I.R.S. agents will be in auditing and penalizing them. And since 2010’s “banking reform” laws came to pass, banking and lending institutions have been in a state of shell-shock trying to figure out how to continue doing what they do – lending – without getting penalized for allegedly violating the all-important reforms.
What isn’t so widely known, however, is the increased frequency with which individual businesses are being confronted and threatened by governmental agencies other than the I.R.S. For example, U.S. Congressman David Schweikert (R-Arizona) tells a horrifying story about a small business owner and his government- and it’s a story that helps explain why the economy isn’t growing.
Read more: http://townhall.com/columnists/austinhill/2012/07/08/economy_stalls_as_obama_targets_businesses
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