Why No Jobs? The U.S. government

A couple of days ago, it was Steve Wynn telling us that the Obama “administration is the greatest wet blanket to business, and progress and job creation in my lifetime.”

Today, Home Depot co-founder Bernie Marcus weighs in at Investor’s Business Daily:

IBD:What’s the single biggest impediment to job growth today?

Marcus: The U.S. government. Having built a small business into a big one, I can tell you that today the impediments that the government imposes are impossible to deal with. Home Depot would never have succeeded if we’d tried to start it today. Every day you see rules and regulations from a group of Washington bureaucrats who know nothing about running a business. And I mean every day. It’s become stifling. . . .

IBD: President Obama has promised to streamline and eliminate regulations. What’s your take?

Marcus: His speeches are wonderful. His output is absolutely, incredibly bad. As he speaks about cutting out regulations, they are now producing thousands of pages of new ones. With just ObamaCare by itself, you have a 2,000 page bill that’s probably going end up being 150,000 pages of regulations.

IBD: Washington has been consumed with debt talks. Is this the right focus now?

Marcus: They are all tied together. If we don’t lower spending and if we don’t deal with paying down the debt, we are going to have to raise taxes. Even brain-dead economists understand that when you raise taxes, you cost jobs.

IBD: If you could sit down with Obama and talk to him about job creation, what would you say?

Marcus: I’m not sure Obama would understand anything that I’d say, because he’s never really worked a day outside the political or legal area. He doesn’t know how to make a payroll, he doesn’t understand the problems businesses face. I would try to explain that the plight of the busi nessman is very reactive to Washington. As Washington piles on regulations and mandates, the impact is tremendous. I don’t think he’s a bad guy. I just think he has no knowledge of this.

I am sure the community-organizer-in-chief would beg to differ.  After all, Bernie Marcus only created 321,000 jobs.  Obama & Co. “created or saved” millions of jobs.  Just ask them.  They’re economic geniuses, they’ll tell you.

Via Jim Treacher.

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Published in: on July 21, 2011 at 3:38 pm  Leave a Comment  

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