Obama moves further to the right, calls for more deregulation

by Ben Hoffman

This is from Obama’s opinion piece that appeared in Rupert Murdock’s Wall Street Journal on Monday.

For two centuries, America’s free market has not only been the source of dazzling ideas and path-breaking products, it has also been the greatest force for prosperity the world has ever known. That vibrant entrepreneurialism is the key to our continued global leadership and the success of our people.

But throughout our history, one of the reasons the free market has worked is that we have sought the proper balance. We have preserved freedom of commerce while applying those rules and regulations necessary to protect the public against threats to our health and safety and to safeguard people and businesses from abuse.

From child labor laws to the Clean Air Act to our most recent strictures against hidden fees and penalties by credit card companies, we have, from time to time, embraced common sense rules of the road that strengthen our country without unduly interfering with the pursuit of progress and the growth of our economy.

Sometimes, those rules have gotten out of balance, placing unreasonable burdens on business—burdens that have stifled innovation and have had a chilling effect on growth and jobs. At other times, we have failed to meet our basic responsibility to protect the public interest, leading to disastrous consequences. Such was the case in the run-up to the financial crisis from which we are still recovering. There, a lack of proper oversight and transparency nearly led to the collapse of the financial markets and a full-scale Depression.

Over the past two years, the goal of my administration has been to strike the right balance. And today, I am signing an executive order that makes clear that this is the operating principle of our government.

This order requires that federal agencies ensure that regulations protect our safety, health and environment while promoting economic growth. And it orders a government-wide review of the rules already on the books to remove outdated regulations that stifle job creation and make our economy less competitive. It’s a review that will help bring order to regulations that have become a patchwork of overlapping rules, the result of tinkering by administrations and legislators of both parties and the influence of special interests in Washington over decades.

Read more…

Obama, you idiot, regulations are not stifling job creation. There has been widespread deregulation during the past 15 years. Some of that deregulation led to the near total collapse of our economy. It was only AFTER deregulation that we saw dismal job growth. Why? Because the new rules made it easier and more profitable for companies to close factories here and move them to countries where they could pay their employees just dollars a day, such as in China.

Large corporations are raking in record profits but still not hiring in the U.S. They are hiring, though. Most new job creation is occurring in countries that are providing massive socialistic incentives for them to create factories there. Countries, such as China, are partnering with businesses and providing money for them to build factories.

No, deregulation is not going to bring jobs back to America. Obama is doing that for purely political purposes. Right-wingers have the loudest voices and so they’re the one’s who are heard. Their lies get propagated around the internet and become “fact” to many. So Obama is just doing what he thinks it will take to get reelected in two years. He is NOT doing what it will take to bring jobs back to America.

Advertisements

19 Comments to “Obama moves further to the right, calls for more deregulation”

  1. regulations are not stifling job creation

    I’m pretty sure you don’t know what that means.

    made it easier and more profitable for companies to close factories here and move them to countries where they could pay their employees just dollars a day, such as in China.

    It is regulation that increases the cost of hiring Americans that forces us to move jobs to China. For example, by forcing companies to pay $7.25 an hour for a $3.00 an hour employee, you price out ALL those jobs. They move to China.

    Similarly, when you force a company to pay $2,000 for equipment that isn’t really needed, you are forcing those companies to buy equipment in China.

    He is NOT doing what it will take to bring jobs back to America.

    Know what WILL bring back jobs?

    1. Eradicate minimum wage law.
    2. Repeal health care law.
    3. Pass a permanent tax law [the lower the better, but take away the speculation]

    • Do you think doing those things would be good for America?

      • Do you think doing those things would be good for America?

        I do think that it’s better for America to let a worker negotiate his wage than have him be unemployed and force a working American to donate to his charity.

        Further, I do not think that people have a natural right to medical care. I think that an honest and humane society would care for people in need, but legislating that act only creates problems and costs.

        The tax law, either way, up or down, vote it permanent.

      • Do you know what would happen if people were working here for $3.00 an hour? They still wouldn’t be able to afford even the basic necessities of life but they’d be working full time. How loyal do you think they’d be to their employers? What would happen is what happened before there was a minimum wage: there would be violent protests and increased crime. We’d have to lock more people up, which would cost the government more. It costs an average of $30,000 a year to incarcerate someone. So it would actually cost us more by not giving them money for a little food and a roof over their heads.

      • Do you know what would happen if people were working here for $3.00 an hour?

        I think I do.

        We would not be paying them unemployment benefits.

        Further, as you have noted time and time again, we wouldn’t be moving jobs overseas. We would be able to employ our own folks. They would be making 3 bucks to start their career, but by learning job skills, negotiation skills and normal every day “how to manage day to day life” skills, they would move up the ladder. Heck, even before the minimum wage was mandated to go up, fast food joints paid well over minimum wage laws.

        There is no evidence to suggest that crime rates would increase if people were working as opposed to not working.

      • [There is no evidence to suggest that crime rates would increase if people were working as opposed to not working.]

        You don’t think desperate people would commit crimes to get a little food to eat?

      • In addition, it doesn’t really matter if you don’t think everyone has a right to health care. Hospitals have a responsibility to treat people who need emergency care, even if they don’t have insurance, and it’s expensive to treat people in emergency rooms. I’m not sure why it’s more expensive than regular treatment, but it is, and it’s the government that gets billed for that treatment. Therein may be the reason it’s so expensive. It will actually save the government (us) money to help people purchase health insurance rather than have them go to the emergency room.

        I realize it’s more the principle of the thing for right-wingers. It would be a lot cheaper to build schools and hospitals in Afghanistan than to drop bombs on them. For the cost of one bomb, we could build five schools over there, which would win their hearts and minds. But that’s against the way the overly emotional right-wingers do things. Logic takes a back seat to emotion when right-wingers make decisions.

    • 1. Eradicate minimum wage law.
      2. Repeal health care law.
      3. Pass a permanent tax law [the lower the better, but take away the speculation]

      And then, welcome to the Banana Republic know as the US of A. Where you can and will be worked to death without rights or benefits. I can’t wait for the conditions of the industrial revolution to happen again, it was such a great time for everyone!

      Of course, arguing for a return to the conditions of the Industrial Revolution requires a disconnect with reality, and Libertarian ethos most certainly fits the bill.

  2. You want to reform Health Care costs.
    a) look up ADVERSE SELECTION
    2) Look up Tort Reform

  3. It’s Globalization…Obama and all past presidents since at least Truman have been Globalist…and against the interest of the everyday common worker…

    • There’s nothing wrong with globalization as long as everyone is on a level playing field. That’s not the case, though. China has no minimum wage and manufacturers pay the workers there as little as $3.00 a day. Naturally they’re going to do what maximizes their profits. That is why we’ve had so many factories close up shop here and move to China. It’s bad for our country. It’s bad for the Chinese people who are slaves to their jobs. The only ones who it’s good for are the corporations and the government of China.

      • t’s bad for the Chinese people who are slaves to their jobs.

        You are wrong. They are not slaves to their jobs. And they don’t make $3 a day, they make much more. In fact, Chinese companies are now having to compete for help.

        IN the end, a Chinese worker has the ability to choose. Work at a job where they have the ability to build skills and experience all the while making more money than anyone in the history of their family ever has – OR – continue to grind away in bone crushing poverty working on the family rice paddy farm.

        It seems that you are trying to make their choice for them.

        If you would let American workers and American companies openly negotiate wages, you would find a much higher level of employment and many many more jobs. But no. You wanna punish young and inexperienced workers by raising the cost of hiring them above their ability to produce.

        No one would buy a machine for $100 that only provides $80 of value. Why do you expect companies to hire people at the same loss rate.

        The answer is based in honest good will; I know. You wanna create a system where people have the ability to make a “living wage”. I get that. But your system doesn’t work. It creates massive levels of unemployment and simply shifts jobs elsewhere.

      • This is what you’re promoting:

        SHANGHAI — Stung by labor shortages and a rash of suicides this year at its large factories in southern China, Foxconn Technology said Wednesday that it would immediately raise the salaries of many of its Chinese workers by 33 percent.

        The pay increase is the latest indication that labor costs are rising in China’s coastal manufacturing centers and that workers are demanding higher pay to offset an increase in inflation and soaring food and property prices.

        On Wednesday, Honda Motor said it had resolved a strike in southern China and resumed operations at a transmission plant there after agreeing to give 1,900 Chinese workers a 24 percent pay raise.

        The Honda strike, which lasted more than two weeks, was a rare show of power by Chinese workers, who are not commonly allowed by the government to publicly strike and walk off the job for higher wages.

        At Foxconn, the basic salary for an assembly line worker in Shenzhen is expected to rise from 900 renminbi ($132) a month to 1,200 renminbi ($176). The minimum monthly wage in Shenzhen is 900 renminbi, about 83 cents an hour.

        The announcement comes just a week after Foxconn’s chairman, Terry Gou, visited its factories in the southern city of Shenzhen and promised to do everything possible to halt a spate of worker suicides and improve conditions at Foxconn, which is the world’s largest contract electronics manufacturer.

        The police say 10 Foxconn workers have committed suicide this year in Shenzhen.

        The company, which is based in Taiwan and employs more than 800,000 workers in China, has denied that the suicides were work-related or above the national average, saying instead that they were the result of social ills and personal problems of young, migrant workers. Foxconn said Wednesday that the decision to raise salaries was not a direct response to the suicides.

        But Foxconn, which produces electronics and computer components for Dell, Hewlett-Packard and Apple, has come under growing scrutiny in recent years because of recurring reports of harsh labor conditions at its factories, including long working hours and claims by labor rights activists that the company treats workers like machines.

        Apple, Dell and H.P. each said last week that they were concerned about the recent suicides and were investigating the situation at Foxconn.
        Source

      • [The answer is based in honest good will; I know. You wanna create a system where people have the ability to make a “living wage”. I get that. But your system doesn’t work. It creates massive levels of unemployment and simply shifts jobs elsewhere]

        No, it worked just fine until about 10 years ago.

  4. Socialism work in the 1990’s??
    Your grip on history is as tenuous as your grip on reality.

    • Your grip on history is as tenuous as your grip on reality.

      Projection much?

      Anyhow, Ben was not referring to Socialism in the US, I believe he was referring to a time when, probably more that 10 years ago when wages were still keeping up with he cost of living. The Bretton-Woods system was still in place and capital was still regulated and there was a few inklings of egalitarian policy in the US. Since BW has been deconstructed the long slow decline of everyone, except the top 1%, has been a notable statistical trend.

      So rather than calling “Socialism!” and seemingly turning off your faculties, perhaps invest in giving your opponents positions a more charitable review to see if they may actually have a worthy point.

  5. And 10 years ago the Repuiblicans were in control of Congress. So I guess you should be happy now. 🙂

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: