The Scared Businessman Theory

June 7, 2011

I think this paragraph of the llinked article sums up the “scared businessman” theory:

“Since January 2009, American businesses have faced at least three big potential risks to their bottom line besides the lingering effects of the 2008 crash: A) the possibility of tax hikes B) the possibility of greater costs for health care to employees imposed by government and C) the possibility of much higher costs for energy use triggered by cap-and-trade legislation or some sort of tax aimed at reducing carbon emissions. A GOP-held House can obviously block most legislative efforts in this area, but as long as Obama is president, the threat of these policies being enacted or similarly deleterious ones through the regulatory process, is nonzero.”

Furthermore the favoritism displayed in the granting of health care waivers to unions and businesses in Nancy Pelosi’s district fuels the belief that the deck is stacked against anyone not on the “inside” and breeds cynicism in terms of the motives of the chief executive.

Other than that, he’s doing a fabulous job.


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