Posted on 01/11/2011 10:29:48 AM PST by NormsRevenge
Who better to explain why firms aren't hiring than the nation's largest business federation? How to create jobs was a central focus of the U.S. Chamber of Commerce's State of American Business address today, given by its President and CEO Thomas J. Donohue. It's 2011 outlook was on the optimistic end of the spectrum, asserting that the year will provide 3.2% GDP growth and 2.4 to 2.6 million net new jobs. Of course, that will only bring down the unemployment rate by about 1%. What's holding the private sector back from hiring more aggressively?
The Chamber emphasized the "regulatory tsunami" Washington has imposed over the past few years as one of the central problems. It is very concerned with the stress that last year's health care reform puts on businesses, citing the 159 new agencies, commissions panels, and other bodies the legislation creates. It also attacked the Dodd-Frank financial regulation bill.
Here the Donahue cited big numbers too:
Dodd-Frank contains 259 mandated rulemakings, another 188 suggested rulemakings, 63 reports, and 59 studies. My grandchildren will be old and retired before it is all implemented.
He also worries about the Environmental Protection Agency's aggressive approach to rulemaking, citing 342 new rules in the process of being developed and completed. The Chamber said it is not against climate change rules, but wants Congress to impose them instead of the EPA.
What's so bad about all that regulation? It's tough to do business in an environment where the rules of the game are constantly undergoing major changes. It's like trying to ground yourself while the floor is shifting beneath you. So the first step, the chamber thinks, is to reduce the regulatory burden stifling the private sector from expanding and hiring.
The other major component of the speech was trade. ..
(Excerpt) Read more at finance.yahoo.com ...
“Mission Accomplished, Dems?”
Pass all the stimulus money around you want, businesses aren’t going to expand if they don’t think they can make a profit in the current regulatory environment.
Who is better ask, well just about any ninth grader, since they have not sold their country out for cheap illegal labor, like the chamber of commerce has.
Who is better ask, well just about any ninth grader, since they have not sold their country out for cheap illegal labor, like the chamber of commerce has.
The problems in this country have little to do with a lack of regulation or Federal spending.
However, the same minds that created this mess are not capable of seeing the solution.
“If you can see this, no explanation is needed; If you cannot see this, no explanation is possible”
Saving to show to people who sagely promise that rising inventories mean great economic growth this year.
Small business doesn’t care about Dodd-Frank, but EPA, OSHA, NLRB and the rest of the soup.
Business will not come back to America if you punish China.
The cost of doing business in this country has become stifling. The highest corporate tax rate for starters,
leaves us at a disadvantage. EPA regs prohibit the creation of new smelting furnaces.
Raise tariffs 100% on Chinese exports then watch inflation grow. It won’t work because the other foreign markets will
become disrto centers for cheap goods.
Meanwhile Singapore has double digit growth this past year.
We are stuck at stop.
You must be correct, you tell by the way they have cut back rose bloated salaries and bonuses. Tax must be really cutting them. Hay knot head, corporations don’t pay taxes.
You must be correct, you tell by the way they have cut back rose bloated salaries and bonuses. Tax must be really cutting them. Hay knot head, corporations don’t pay taxes.
Your right on with what you say. I wasn’t implying that we punish China or anyone else, I was just making a point on where products were made that I’d seen at various stores etc.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.