The Obama administration seems blissfully unaware of its policies’ impact on the economy — or perhaps doesn’t care so long as its liberal wish list is fulfilled. A prime example is the EPA finding finding that carbon dioxide threatens the planet. What does this mean?
The finding could touch every corner of Americans’ lives, from the types of cars they drive to the homes they build. Along with carbon dioxide, the EPA named methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons and sulfur hexafluoride as deleterious to the environment. Even if the agency doesn’t use its powers under the Clean Air Act to curb greenhouse gases, Friday’s action improves the chances that Congress will move to create a more flexible mechanism to do so.
Good thing we’re not in a horrid recession with rising unemployment, or this could really be a problem for American employers. Oh, wait.
Let’s recall we have 8.5% unemployment and double-digit unemployment in a number of states. So we are now, either by regulation or legislation, going to be embarking on a regulatory scheme that is going to touch every industry. Add to that the expiration of the Bush tax cuts for many small businesses and healthcare “reform,” which will likely involve some sort of employer mandate, and you have the makings of a stunningly hostile employment environment — in the midst of a recession.
One wonders where the administration and Congress think jobs come from and what burdens can be placed on employers already struggling. They seem to operate in a fantasyworld in which burden after burden can be loaded onto the backs of businesses, no international competition exists, and no loss of U.S. jobs results. If the Obama team would really like to “save” some jobs they’d call for a time out in the rush to enact job-killing legislation.