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President Obama loves to complain that he inherited an economic mess. That may be true, but his wrong-headed policies have only made matters worse, taking actions that hurt businesses and stunt job growth....
Top 10 Obama anti-business, anti-job actions
1. Obamacare costs
2. Small business tax hikes
3. EPA’s burdensome regulations
4. Keystone XL Pipeline postponed
5. Boeing battle
6. Capital-gains ‘fairness’
7. Off-shore drilling moratorium
8. Dodd-Frank ‘financial reform’
9. Anti-business rhetoric
10. Business climate uncertainty
What Is the Impact of Repealing the ACA on the Federal Budget?
Assuming that H.R. 6079 is enacted near the beginning of fiscal year 2013, CBO and JCT estimate that, on balance, the direct spending and revenue effects of enacting that legislation would cause a net increase in federal budget deficits of $109 billion over the 2013–2022 period. Specifically, we estimate that H.R. 6079 would reduce direct spending by $890 billion and reduce revenues by $1 trillion between 2013 and 2022, thus adding $109 billion to federal budget deficits over that period.
What Major Components Result in the Net Increase in Deficits?
Deficits would be increased under H.R. 6079 because the net savings from eliminating the insurance coverage provisions would be more than offset by the combination of other spending increases and revenue reductions:
"The intent of the president's health care law was to lower costs and to help create jobs. ... Instead, it is making our economy worse, driving up costs and making it harder for small businesses to hire," said House Speaker John Boehner, R-Ohio. He cited a study by a business group that estimated that one of the bill's taxes would cost up to 249,000 jobs, and a different estimate that a second tax would "put as many as 47,100 in jeopardy."
The nation’s jobless rate dropped to its lowest point in nearly four years in September. And unlike some recent declines, this one happened for the right reason: not because people gave up looking for a job, but because far more people reported having one.
It is a surprising improvement in a job market that had appeared listless in recent months. Although employers added a modest 114,000 jobs in September, the unemployment rate dropped sharply, from 8.1 to 7.8 percent, the government reported Friday.
Employers added a seasonally adjusted 114,000 jobs, a tepid pace that was accompanied by data revisions boosting the number of positions added in previous months by 86,000. The new figures showed that the nation added 181,000 jobs in July and 142,000 jobs in August, and that third-quarter job growth was far higher than in the spring.
With just a month before the presidential election, the U.S. unemployment rate unexpectedly fell to 7.8 percent in September, dipping below 8 percent for the first time since January 2009.
Regulations promulgated by the Environmental Protection Agency put a tremendous burden on businesses, making job creation more difficult. The agency’s rules on air quality standards are curtailing energy produced from coal-fired electrical plants, causing a rise in electricity prices and making scarce a major resource that is abundant in America.
Under the Warn Act Boeing must give 60 days notice of pending layoffs.
Given the war on coal