Analyzing last month's jobs report reveals pretty clearly that President Barack Hussein Obama's policies kill jobs and stifle growth.
Joshuapundit
Here's an example of how this works at street level. Lots of you know and love the product put out by White Castle Hamburgers, a culinery treat enjoyed by millions. But thanks to ObamaCare and the president's new tax policies, that treat might very well be a thing of the past.
The Columbus, Ohio based family owned chain says that their projections are that just a single provision in the bill will eat up about 55 percent of its yearly net income after 2014,when the provisions fully kick in.
That year, the bill levies a $3,000-per-employee penalty on companies whose workers pay more than 9.5 percent of their household income in premiums for company-provided insurance.
White Castle now provides insurance to all of its full-time workers and picks up between 70 to 89 percent of their premium costs, and they're going to be hit for those penalties. That will make it questionable whether the company can even afford to maintain its 421 restaurants - and forget about creating any new jobs or expanding. As of today, the company employs over 10,000 people nationwide, and more than 1,200 in its home state of Ohio.
Faced with this kind of piracy, they will simply go Galt and go out of business , radically raise their prices and cut back on growth or simply sell out.
And that's the effect on one firm from just one of President Obama's policies.
Wayne Allyn Root's op-ed in the Las Vegas Review-Journal analyzes this:
The current occupant of the White House claims to know how to create jobs. He claims jobs have been created. But so far the score is Great Obama Depression 2.2 million lost jobs, Obama 0 -- a blowout.(...)
It's time to call Obama what he is: The Great Jobs Killer. With his massive spending and tax hikes -- rewarding big government and big unions, while punishing taxpayers and business owners -- Obama has killed jobs, he has killed motivation to create new jobs, he has killed the motivation to invest in new businesses, or expand old ones. With all this killing, Obama should be given the top spot on the FBI's Most Wanted List.
Meanwhile, he has kept the union workers of GM and Chrysler employed (with taxpayer money). He has made sure that most government employee union members got their annual raises for sleeping on the job (with taxpayer money). He made sure that his voters got handouts mislabeled as "tax cuts" even though they never paid taxes (with taxpayer money). And he made sure that major campaign contributors collected billions off government stimulus (with taxpayer money).
As far as the taxpayers -- the people who actually take risks with our own money to create small businesses and jobs and pay most of the taxes -- we require protection under the Endangered Species Act.
You won't find proof of the damage Obama is doing on Wall Street, but rather on Main Street. My friends are all part of the economic engine of America: Small business. Small business creates 75 percent of new jobs (and a majority of all jobs). I called one friend who was a wealthy restaurant owner. He says business is off by 60 percent. He's drowning in debt. He won't last much longer. His wealth is gone.
I've polled all my friends who own small businesses -- many of them in the Internet and high-tech fields. They all agree that in this new Obama world of high business taxes, income taxes, payroll taxes, capital gains taxes, and workers compensation taxes, the key to success is to avoid employees. The only way to survive as a business owner today is by keeping the payroll very low and by hiring only independent contractors or part-time employees provided by temp agencies.
As I said back during the campaign, when Obama get's through with you, you'd better hope you have any spare change left.
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