Private Jobs Increase As Nanny State Decreases

President Obama has now told business leaders that they should stop hoarding cash and start hiring workers again. I assert that the government should stop the nanny state regulations on business and let the free market work. Offering to take back regulations that are in place for new hiring is completely backward thinking. Fresh forward thinking leaders do not impose nanny state regulations in the first place.

Nanny state regulations on businesses have grown exponentially since Obama took office. Just look at all of them in the ObamaCare, The Dodd-Frank Financial Regulation bill, The Food Safety Bill, Financial Stimulus Bill, and many others. If the president is serious about getting businesses to hire again why not look in the mirror and end the myriad of nanny state regulations on businesses and do so NOW!

Businesses assess their own markets and the supply and demand for their products on a continuing basis. From that assessment they decide to increase or decrease production, mothball a plant or reenergize an idled plant. These are no small decisions. But they are decisions based on whether businesses make a profit or loss. We should remember that only when firms make a profit do they get to stay in business and employ people. And the people they employ need to be well educated, creative and innovative to ensure that that business is competitive.

Further, businesses look forward, incorporating all future regulations, labor costs, supply and demand forces, etc. in order to determine their future actions. When they see less than a rosy picture they wait. This is the same way consumers act. Consumers wait until we see that there is a high assurance that they can pay for the item that they are buying.

Private Jobs Increase As Nanny State Decreases