The Hill News

The President recently took to the campaign trail â€" at taxpayer expense â€" trying to rehabilitate his image on job creation. Obama claimed that his policies “reversed the recession” until he ran into a “run of bad luck,” but in truth the biggest challenge the economy has faced under this administration is an astonishing onslaught of federal regulations that make it nearly impossible to estimate the cost of adding new employees. In fact, the only Obama “success” on job creation is the hiring of new federal regulators, with employment at regulatory agencies up 13 percent since Obama took office to more than 281,000 federal bureaucrats. Meanwhile private sector employment shrank by 5.6 percent.

Investors and employers are sitting on their hands, accumulating cash, and waiting for the regulatory environment to improve. Unfortunately, it seems to be getting even more hostile to job creation.

Read more...