1. Tort reform
2. Fire the EPA, all of it. Start over.
3. Fire OSHA, all of it. Start over.
4. Prevent the IRS from blackmailing small businesses by tying up their checkbooks and then forcing them sign contracts over issues where the small company is clearly in the right.
5. Stop paying unemployment. I already know, and know of, people who are turning down jobs because it would require them to move. They can only do that if they’re getting unemployment.
6. Do away with the minimum wage. It takes people’s ability to negotiate and form a contract.
What you are witnessing is ‘central planning’, American style and its result.
People don’t understand that, Jim. I want to bang my head against a wall each time someone starts complaining about the unemployment situation and then proceeds to talk about how their local state legislature, Congress, the President, etc. etc. aren’t doing anything about it. THEY CAN’T BECAUSE ONLY THE PRIVATE SECTOR CAN CREATE JOBS!
I don’t understand why it’s so difficult for people to grasp. Every $1 the government has it must confiscate from a productive person or business. Business cycles take time. Companies will start hiring again once they feel confident enough that adding fixed expenses in the form of payroll and / or additional fixed assets such as equipment isn’t going to put them in a bad liquidity situation if things go south again.
I think it’s because finance, accounting and economics aren’t taught in schools. But then again, they can’t get reading, writing and arithmetic right so what hope do they have of explaining monetary policy?