As the Wall Street Journal reports today, the Obama administration is in a mad dash to rush out the regulatory wish list of the progressive left before leaving office. Everything from the electric industry to finance, healthcare, food, and even the labor market are in the Obama administration’s cross hairs. You might think that after almost 8 years of sub-par economic growth, starting from one of the most depressed bases in decades, that it would sink in that vast regulatory overreach creates uncertainty for business and hinders growth. You would of course be wrong. The small-business sector is the nation’s job engine and with small-business sentiment already sinking, a flood of new regulation is exactly what the economy does not need.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Grantham’s GMO says U.S. Stock Bubble is Busting - January 18, 2019
- Is a Shaky Outlook for Aluminum a Shaky Outlook for the Global Economy? - January 17, 2019
- Is Indexing Hurting Competition? - January 16, 2019