Four Ways Obama Has Blocked Job Growth

Wonder who’s to blame for today’s stagnant economy? Look no further than 1600 Pennsylvania Avenue to see where the buck ought to stop. Though President Barack Obama constantly points fingers at others for America’s economic woes, his policies are to blame for preventing the U.S. economy from getting back on track. Before you watch President Obama present his latest jobs plan in his speech on Thursday, be sure you know the four major measures he has taken to prevent job growth in America:

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During President Obama’s first 26 months in office, his Administration imposed 75 new major regulations, with reported costs to the private sector exceeding $40 billion, as The Heritage Foundation’s James Gattuso and Diane Katz document in ”Red Tape Rising: A 2011 Mid-Year Report.” That’s more than any comparable period on record. The annual cost of regulation–$1.75 trillion by one frequently cited estimate–represents twice the amount of individual income taxes collected last year. Katz and Gattuso write that there are even more regulations in the pipeline, as well. That’s bad news for job growth, and you don’t just have to take our word for it. Ask the people who create jobs in America. John Schiller, chairman and CEO of Energy XXI, told CNBC that “if the government would get out of the way, from a regulation standpoint, and let us do what we do good, you’ll see us continue to hire and grow this economy.” More...

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