Liberal health care and climate agenda counterproductive in creating jobs.
While President Obama and congressional leaders say they would like to do more to spur job creation, economists and business executives warn that their plans to impose new health care and climate-change costs on corporations would have the opposite effect.
The initiatives, according to this analysis, are likely to overwhelm any positive impact on jobs from stimulus measures by giving businesses a reason to keep laying people off.
The solution isn’t higher taxes and more government programs. The government must cut taxes and regulations that allow consumers to spend and businesses to respond to the demand with expanding and hiring.