Jobs, Jobs, We Don't Need No Stinkin Jobs

The Obama administration spent a whole lot a "Change", more than ONE TRILLION DOLLARS, in the "Hope" that pouring unfathomable amounts of money (taken from our grand children's future well being) into the US economy would create millions of new private sector jobs. This exercise of Keynesian stimulus on steroids argues that by expanding aggregate demand for goods and services, employers will expand their businesses (hire new workers) to meet the increased demand created by all this newly circulated money.

Regrettably, this 1930s British economic theory is no match for 2010 American real world economic realities. Two federal legislative intrusions into the private sector marketplace in the last six months - Health Care Reform and Financial Wall Street Reform weigh in at a muscular four thousand six hundred pages of impenetrable legalize that Princess Pelosi tells us can not be understood until AFTER these laws have been implemented by the adoption of the more than 1900 new federal regulations called for in these two statutes.

Talk about a business investment environment beset by uncertainty. Because of Obamacare and Dodd's takeover of our financial markets, venture capital prudently is frozen until the billions of dollars in new business costs are made known over the next five years of rule making by hundreds of new boards, commissions, agencies, and on and on infinnitum. Nonetheless, the Pols in DC who have never made a private sector budget in their lives tell us that "prosperity is just around the corner".

What part of the total inability of employers to make accurate business financial plans for the next five years does this White House not understand? Rather than fostering certainty, BIG BROTHER is hiring thousands of lawyers and bureaucrats to write thousands of new regulations imposing substantially higher costs on businesses for each new (and existing) employee for health care benefits and borrowing for expansion. How much higher regulatory compliance costs are confronting our private sector investors? Obviously, these massive new obligations on businesses can not be calculated, until the only growth sector in this economy finishes its work over the next half decade - the bureaucrats must speak before the private sector can adopt new business growth budgets.

Fortunately, one viable solutions presents itself for both this lag in new job hires and the long lead time for rule promulgations. Congress should authorize the President to immediately hire two to three million more lawyers and bureaucrats to finalize all these regulations by Labor Day Weekend, so the private sector can start making new budgets with accurate cost decisions for business growth in the Spring, as predicted by Chauncey Gardener. Just saying...