Liberal's Road to Hell

It is a really great article as a whole and it'll inform you on the economy.

Small Business and the Jobless Recovery

The policies pursued by Washington policymakers are causing a disequilibrium in the market. This disequilibrium is clouding the business community with uncertainty, which is the greatest detriment to small-business growth and expansion.

Most small-business owners and venture capitalists are uncertain as to where the economy is heading. Spending is out of control, budget deficits are in the trillions of dollars, and the result of an inflationary Federal Reserve policy is starting to show up in commodity prices. All of this recklessness does not induce the small-business owner to open up the purse strings and invest in economic activities that will result in job creation.

There is also uncertainty concerning the regulatory environment. People do not invest to "spread the wealth" around; they invest to make a profit. Investors don't react well to talk of "fundamentally transforming the United States of America."

Indeed, there has been more government intrusion into the market during the last few years than since the Great Society programs. We have economic tsars, national health insurance, and de facto government ownership of industry.

The following statement made by Raymond J. Keating, chief economist for the Small Business and Entrepreneurship Council, sums it all up nicely:

For the most part, entrepreneurs want federal policymakers to impose a light tax and regulatory touch, keep spending under control, maintain low inflation, and otherwise get out of the way so entrepreneurship and investment can thrive. … Until federal policymaking moves in a clear pro-entrepreneur, pro-growth direction, most small-business owners face great uncertainty.

"Entrepreneurs are the real heroes of the American story."

William Dunkelberg, an economist at the National Federation of Independent Business, puts it more succinctly: "There's just a huge amount of uncertainty. And when you're uncertain, you don't make bets."

And with this uncertainty, there is no expansion of production — a requirement for creating employment opportunities. Why take the risk?

I don't understand how people who support Obama cannot see how he's destroying small business. Banks are not lending and small business are not hiring and this is really hurting America and all he can do is golf and scoff.

Government cannot create jobs, but they can make it easier for small business to take bets on teenagers or those who are fresh in the field. Government is like a parent. Parents are there to guide children, not control them. Parents who pigeonhold their children end up getting children that are unruly and cannot do things on their own. These children call on their parents to do things from tying their shoes to paying for their rent. Unlike children who are guided who learn to tie their shoes and get a job to pay their own rent.

The idea that government is smart enough or strong enough to determine the market and force things to work is as likely as winning chess with one pawn and a lot of heart.

The road to hell is paved with liberal good intentions.