Obama Makes The Case Against Big Government
Brought to you by the Washington Free Beacon
” The creation myth of American wealth is almost always rooted in the entrepreneur.
It’s the two kids who start a computer company in their garage or dorm room. Or the former standup comic who creates form-shaping undergarments, or the South African immigrant who creates a new electric car and private space program.
But despite the high-profile examples, America may actually be falling behind the rest of the world when it comes to creating entrepreneurial wealth. A new study from Barclays, “Origins and Legacy: the Changing Order of Wealth Creation,” finds developing countries now lead the U.S. when comes to wealth creation by entrepreneurs.
So is America losing its entrepreneurial mojo? There is some evidence that entrepreneurial activity is flagging. The latest data from the Kauffman Foundation found that there were 514,000 new business owners a month in 2012, down from 543,000 in 2011. The 2012 numbers marked the lowest in five years.”
Another one for the Obama record books … killing the entrepreneurial spirit … all is proceeding as Alinsky planned .
” The 9-year-old girl who got New Jersey’s tough-guy governor to shed a tear as he comforted her after her home was destroyed is bummed because she now lives far from her best friend and has nowhere to hang her One Direction posters.
A New Jersey woman whose home was overtaken by mold still cries when she drives through the area. A New York City man whose home burned can’t wait to build a new one.
Six months after Superstorm Sandy devastated the Jersey shore and New York City and pounded coastal areas of New England, the region is dealing with a slow and frustrating, yet often hopeful, recovery. Tens of thousands of people remain homeless. Housing, business, tourism and coastal protection all remain major issues with the summer vacation — and hurricane — seasons almost here again.
By many measures, the recovery from Superstorm Sandy, which struck Oct. 29, has been slow. From Maryland to New Hampshire, the National Hurricane Center attributes 72 deaths directly to Sandy and 87 others indirectly from causes such as hypothermia due to power outages, carbon monoxide poisoning and accidents during cleanup efforts, for a total of 159.
Christie estimated 39,000 New Jersey families remain displaced, down from 161,000 the day after the storm. In New York, more than 250 families are still living in hotel rooms across New York paid for by the Federal Emergency Management Agency, while others are still shacking up with relatives or living in temporary rentals.”
” Democrats always said that ObamaCare would create a lot of jobs and while currently it’s hard at work destroying jobs, especially at the working class level, like most medical centralization boondoggles, ObamaCare will create a lot of jobs in the field of explaining what it is and how to survive it.
Tens of thousands of health care professionals, union workers and community activists hired as “navigators” to help Americans choose Obamacare options starting Oct. 1 could earn $20 an hour or more, according to new regulations issued Wednesday.
It is still not clear how many navigators will be required. California, however, provides a hint. It wants 21,000.”
” The U.S. government could save taxpayers up to $8 billion by selling off the estimated 55,000 to 77,000 vacant properties it owns or leases.
At a time when the White House says it cannot find the $18,000 a week it needs to fund tours, unloading unused properties to save taxpayers billions might seem like a no-brainer.
But the federal government does not even know how many unused properties it controls because no one has kept an inventory of them. Further, attempts to sell such properties are bound in red tape.
This month, for example, the government sold a building for $19.5 million; the process took 10 years, leaving taxpayers paying for maintenance and upkeep for a decade.”
“But don’t worry, it’s totally secure. Carl Smith Jr. was the first physician in Harlan County, Kentucky, to introduce EHR. “Because of this technology,” Dr. Smith says, “we can send the patient’s prescription electronically by secure email to pharmacies.”
Wow! “Secure email” – what a concept! It’s a good thing the email is secure at American pharmacies because nothing else is. Last Christmas, while guest-hosting at Fox News in New York, I had a spot of ill health and went to pick up a prescription at Duane Reade on Sixth Avenue. The woman ahead of me was having some difficulties. She was a stylish lady d’un certain age, and she caught my wandering eye. After prolonged consultation with the computer, the “pharmacist” informed her (and the rest of us within earshot) that her insurer had approved her Ortho but denied her Valtrex. I was thinking of asking her for cocktails at the Plaza, when I noticed the other women in line tittering. It seems that Ortho is a birth-control pill, and Valtrex is a herpes medication.
So good luck retaining any meaningful doctor-patient confidentiality in a system in which more people – insurers, employers, government commissars, TSA Obergropinführers, federal incentive-program auditors – will be able to access your medical records than in any other nation on Earth.”
” WASHINGTON (AP) — While the “fiscal cliff” of looming tax increases and spending cuts dominates political conversation in Washington, some Republicans and business groups see signs of a “regulatory cliff” that they say could be just as damaging to the economy.
For months, federal agencies and the White House have sidetracked dozens of major regulations that cover everything from power plant pollution to workplace safety to a crackdown on Wall Street.
The rules had been largely put on hold during the presidential campaign as the White House sought to quiet Republican charges that President Barack Obama was an overzealous regulator who is killing U.S. jobs.
But since the election, the Obama administration has quietly reopened the regulations pipeline.”
Illustration By Steve Rustad
” It’s Friday morning, and so far today, the Obama administration has posted 165 new regulations and notifications on its reguations.gov website.
In the past 90 days, it has posted 6,125 regulations and notices – an average of 68 a day.
The website allows visitors to find and comment on proposed regulations and related documents published by the U.S. federal government. “Help improve Federal regulations by submitting your comments,” the website says.
The thousands of entries run the gamut from meeting notifications to fee schedules to actual rules and proposed rule changes. “
Via Meadia on the help that Obama’s “Builders” provide the average American businessman .
” In terms of inefficiency, the U.S. tax code stands as one of humanity’s most monumental accomplishments. It’s no secret that the tax code’s byzantine complexity harms small and medium-sized businesses more than large corporations. After all, bigger companies can afford the scores of lawyers and accountants needed to navigate the system — and for that matter, many of the arcane little exceptions and exemptions were written exactly to order thanks to the lobbyists they are able to deploy on Capitol Hill.
But the extent of the differential is truly dramatic. Consider this story in the WSJ that reports how a large number of companies actually forgo tax breaks because the cost of obtaining tax benefits is more expensive than the benefits themselves. According to the article, individuals and businesses are spending at least 1 percent of GDP just to make sure they’re doing everything by the book. As anxiety intensifies over tepid GDP growth and decreasing competitiveness, a percentage point counts for a lot.”