Tag: national federation of independent business

Washington Post Cites ‘Regime Uncertainty’

I’ve been arguing for a while that “regime uncertainty” is stifling the economy’s ability to recover. Businesses are more reluctant to invest or hire when Washington pursues a policy agenda that could be detrimental to their bottom lines. The phrase was coined by economist Robert Higgs who observed that FDR’s anti-business policies prolonged the Great Depression.

Unfortunately, the media has generally ignored the possibility that uncertainty being generated by the president’s policies has been contributing to the nation’s continuing economic problems. However, an editorial in yesterday’s Washington Post could be a welcome sign that the media is beginning to take notice:

But as analysts ponder the mystery of weak private-sector hiring despite signs of economic growth, it’s worth asking what role is played by government-induced uncertainty. With the federal government promoting major changes in health care, financial regulation and energy law, it wouldn’t be surprising if some companies are more inclined to wait and see than they might otherwise be. And that’s especially true when they look at looming American indebtedness and the effect that could have on long-term interest rates.

The latest survey from the National Federation of Independent Business shows that big government remains the chief concern of the business community. When asked what their single most important problem was, 35 percent of small business owners cited “taxes” or “government regulations and red tape.” “Poor sales” was second at 30 percent.

The NFIB also cites uncertainty caused by Washington as a problem:

A huge help in moving toward a stronger economy for small business owners would be to “do no harm”. But Congress continues to pass and propose legislation that increases the cost of running a business and create huge uncertainty about future costs.

Only 3 percent of business owners cited finance as their chief problem. Yet, President Obama is pushing a $30 billion package to increase lending to small businesses. The business community doesn’t need more subsidized credit backed by taxpayers – it needs relief from the president’s agenda.

NFIB: ObamaCare Is Unconstitutional, ‘Threatens Individual Freedom’

The National Federation of Independent Business — the nation’s largest small-business lobby — will join the lawsuit that 20 attorneys general (including one Democrat) have brought against ObamaCare. 

According to the Associated Press, NFIB found ObamaCare’s individual mandate particularly offensive:

The National Federation of Independent Business will join the argument that Americans cannot be required under the Constitution to obtain insurance coverage, the group’s president, Dan Danner, said in an interview…

The new law allows government “to regulate you just because you exist,” said Danner. “If you can regulate this, where do you stop? Do you tell people, ‘We are going to mandate that everybody exercise?’ We think this is an overreach by the government. It goes too far, and threatens individual freedom.” [Emphasis mine.]

Repeal the bill.