Before You Can Create Jobs, You Need Businesses

We’ve heard it countless times, “In order to grow our economy we need jobs!” Jobs are great, but they are only part of the equation. Jobs only exist because there are businesses that need human capitol in order to produce a product. So in order to create jobs, we need businesses … are you with me so far? This isn’t rocket surgery. So the role of government in creating jobs should essentially be to protect our rights and enforce our system of laws, which allow for businesses to operate in a free and open market. But as we know, that’s not the case in the United States, as government rules and regulations become more onerous by the day. How onerous? Let me give you an idea of how businesses are feeling in the ObamaEconomy ….

• 67% felt there is too much uncertainty in the market today to expand, grow, or hire new workers.
• 69% of small business owners and manufacturers say President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers.
• 55% say they would not start a business today, given what they know now and in the current environment.
• 54% say other countries like China and India are more supportive of their small businesses and manufacturers than the United States.

Here are a few more goodies in the ObamaEconomy …

• Nearly half of U.S. chief financial officers are more pessimistic about their companies’ prospects this quarter, according to a survey released Wednesday.

• The Health Insurance Tax (HIT) on fully-insured premium markets imposed by Obamacare could raise $87 billion over the next ten years and also cost between 125,000 and 249,000 jobs by 2021, according to a study.

• The share of payroll employees ages 18 to 64 working in low-wage jobs rose from 23.8 percent in 2001 to 31.2 percent last year. That’s a more than a 30 percent rise in the proportion of such workers, according to this report.

Considering all of these reports and studies and polls, is it any wonder why jobs are scarcely being created in the ObamaEconomy? And yet people in that CBS poll I quoted in the other Nuze item shows that most people feel that Obama would be better for our economy than Mitt Romney in almost every measurable category?