Regime Uncertainty Update (Part 49,567b)

clipped from blog.heritage.org In reality annual private fixed nonresidential investment has fallen by $327 billion since the recession started— a 19 percent drop. Businesses are not investing because of the vast economic uncertainties the Obama administration is creating. Will secured creditor contracts be honored in court? Or will the Obama administration rip up those contracts? How much does it cost to hire a new employee? No one will know until thousands of pages of Obamacare regulations emanate from the IRS and HHS. How much will energy cost? That depends on how draconian the Obama EPA global warming regulations are. What are the rules for financial markets? You better have the cash for an army of good lawyers, because the 2,300-page Dodd-Frank bill touches every aspect of financial markets and requires 243 new rule-makings by 11 different federal agencies. The Obama administration’s massive spending and regulatory expansion is not helping economic recovery. It is actively thwarting it.