“Get out of the way.” With this statement, John Galt articulated the simple and necessary policy solution to the disastrous centrally-planned economy in Atlas Shrugged. It’s also sage advice that President Obama should consider before he unveils his latest jobs plan before the Joint Session of Congress tonight.
This advice is strikingly prescient as our nation’s economy moves ever-closer to mirroring the calamitous state of affairs that befell society in Rand’s novel.
During his two and half years in office, Obama has crushed the labor market with a pro-statist agenda, which includes ObamaCare, the stimulus package, coziness to Big Labor, crony capitalism, and green-energy initiatives.
Of these policies, ObamaCare poses the biggest obstacle to job creation. If it’s found constitutional, the employer-mandate, and thousands of pages of regulations and bureaucratic mandates will hammer businesses with exorbitant compliance costs. Making matters worse, the pending legal challenges are causing uncertainty that leaves the business community stagnant. It’s nearly impossible for businesses to plan for the future when they have no way of predicting the structure of their healthcare plan.