By JR on Saturday, June 18, 2011
With deteriorating economic conditions putting a damper on his poll numbers and jeopardizing his 2012 re-election prospects, Barack Obama now portrays himself as a free-market leader for a change.
Yet while he poses for pictures with CEOs and unveils a private-sector “jobs plan,” his administration remains fundamentally committed to sabotaging the American marketplace at every turn.
In North Carolina this week, Obama accepted the recommendations of his jobs council — corporate leaders who were asked to provide new economic ideas. What he got instead was a hodge-podge of recycled reforms — including an unspecified reduction in red tape, a pledge to expand financing for small businesses and another round of “energy efficiency” initiatives aimed at creating those “green jobs” he’s so fond of talking about.
“What we want for growth is that it be centered in the private sector,” Obama’s chief economist said earlier this month. “We’ve got to do what we can to get the private sector leading the recovery.”
Really? Obama certainly didn’t want the private sector “leading the recovery” when he pushed through a massive bureaucratic bailout shortly after taking office — nor did he want it “leading the recovery” when he scored new government rules over Wall Street.
Also, what about socialized medicine, the elimination of welfare reform and the bailouts of Fannie Mae and Freddie Mac? Obviously the private sector wasn’t “leading the recovery” as it relates to any of those proposals either. And make no mistake — for all of his recent photo ops with corporate chieftains, Obama has absolutely no intention of letting the private sector lead the way now.
According to a recent National Economic Research Associates study, the regulatory assault on the energy industry planned by Obama’s EPA would destroy four private-sector jobs for every “green job” it creates. It would also raise the cost of electricity in this country by up to 23 percent...
“Just as our economy is beginning to climb out of the deepest recession since the Great Depression, the U.S. Environmental Protection Agency is proposing a variety of new rules that will inevitably lead to large-scale unemployment and massive rate hikes over the next several years,” UMWA President Cecil Roberts said recently.