Obamacare has hurt every aspect of the economy. Obama’s incessant regulations and the incredibly high income tax rates have driven businesses to move from the United States to many other countries. Obama’s refusal to allow capital that is being held overseas by corporations to be bought back into our economy at even a reasonable rate has curtailed growth. Marxist policies have always been detrimental to business.
The United States government, both parties believe, is the creator of jobs. This phrase has been used so often that the people also believe the government creates jobs. History has proven that the more government involvement and central planning there, the less the economy of the country grows.
As Obama and his Marxist regime leave, we must ask in what state have they left the economy of the United States. The labor participation rate is at historical lows and has been at these lows throughout most of the Obama regime. The labor participation rate is that rate which measures how many people in the country are working as compared to the total number of people that could be working. The number of people that could be working includes those that have given up looking for work.
Many of the jobs that are reported and have helped the unemployment rate to decline, have been part time and low paying jobs. Many employees refuse to add full time employees because of Obamacare. Many of the new jobs being reported are low paying jobs in food and hotel services. The higher paying blue collar jobs have been shipped overseas or have been eliminated due to Obama’s policies and regulations.
The goal of the Trump administration, Trump has stated, is to restore full time higher paying jobs in such industries as manufacturing and energy. This can be done, but it will not be done because the Trump administration will be creating jobs. The role of government is simply to create an atmosphere that enables businesses to flourish. The role of government is not to be a central planner but to allow the forces of the market place to dictate winners and losers in the business world.
The Trump administration must greatly curtail the stifling regulatory atmosphere of the Obama regime. The Trump administration must reduce tax rates for individuals and businesses and simplify the tax code. The Trump administration must provide an atmosphere that allows corporations to bring cash back into our country on a favorable basis. If the Trump administration will concentrate on providing a favorable business climate so companies will be able to start and grow and flourish and then remain in this country, we will see the labor participation rate increase rapidly, we will see employers wanting to hire full time employees, and we will see high paying jobs in the manufacturing and energy sectors return.
Government does not create private sector jobs. It is the job of govenrment to create an atmosphere in which businesses want to domicile and produce. The core philosophy of a Marxist is to control, regulate, and own productive property. This is why Marxist countries have always failed economically. This is why the economy under Obama failed. Will Trump allow the market place to work? Our future will be determined by the actions of the Trump administration and not the promises.