Higher taxes, new taxes, new and higher fees, more and more government regulations that drive up the cost of construction, manufacturing, tranporting goods, operating a business.
Yet the "experts" are at a loss when it comes to explaining why more jobs aren't being created.
I work for a Fortune 100 company, and even they are stepping back from hiring, capital improvements, R&D, etc. We are no doubt cash rich but the company bean counters are not expecting it to stay that way. Just to keep our hides intact we had to rename our department from Advanced Research to Product Development.