A staggering jobs report on Friday accentuated the lack of recovery taking place in the job market, despite the efforts of the Obama administration. Seemingly oblivious to the elitist progressive power brokers in Washington, small business owners and those on the street, Wall and Main, not only expected the bad news, but can point to the causation of the problems.
Micheal Fleischer, president of Bogen Communications Inc. of Ramsey, N.J, penned an enlightening editorial in The Wall Street Journal. Mr Fleischer wrote of the increasing burden of competitively employing a staff and the negative impact of governmental taxation and regulatory interference.
In the aftermath of the editorial, which made some waves, Mr. Fleischer joined CNBC's Larry Kudlow and William George, former Medtronic chairman/CEO who teaches at Harvard Business School. This is well worth your time. Take a listen:
Unfortunately, at the time of Obama's election, the trend of governmental regulatory interventions and increasing taxation and regulatory reform should have been reduced. The opposite, on steroids, continues to take place, with small business getting clobbered to help the government offset their enormous and unnecessary entitlement programs.
However, as bad as those items are, if an employer knew the playing field, that would be one thing, but this government intervention knows no boundaries, and employers cannot adequately estimate future cost going forward and therefore are not hiring.
Scratch that. Small business does in fact know what is coming, and trust me, it is not conducive to increasing staff and growing a company. The Obama administration policies fly in the face of free market capitalism, and that will be adverse to growing business and thus creating jobs.
My voter primaries are August 24th, and when they open the doors at 7AM, they will find me, eager to throw out the progressive elitist idiot Keynesians wrecking our country.
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