How outwardly dumb can he be? It is scary! Let us hope he is just being Machiavellian, but unfortunately that is most likely not the case. The main things that inhibit business in America are Local, State and Federal regulations.
(CNSNews.com) – President Barack Obama said today that the private sector is doing fine but that the economy is suffering because of cuts in state and local government. “The private sector is doing fine,” Obama said at a press conference on Friday. “Where we’re seeing weaknesses in our economy, have to do with state and local government -- oftentimes, cuts initiated by governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don’t have the same kind of flexibility as the federal government in dealing with fewer revenues coming in.”
State and local leaders were not the only ones to blame for a bad economy, as the president also
blamed Republicans in Congress.
“If Republicans want to be helpful, if they really want to move forward, and put people back to work,
what they should be thinking about is, ‘How do we help state and local governments and how do we help the construction industry?’” Obama said. “Because the recipes that they’re promoting are basically the kinds of policies that would add weakness to the economy, would result in further layoffs, would not provide relief in the housing market, and would result – I think most economists would estimate – in lower growth.”