Mr. Obama is killing the economy slowly, practicing a spooky form of medieval medicine that slowly bleeds producers dry. Every week he applies more leeches, more regulators who latch onto the economic body and suck out it's life.
Early warnings of our coming trials can be seen in the indicators of inflation, a potentially fatal form of economic fever.
|The Price of Gasoline Under President Obama|
|Gold Prices Since Obama Inauguration|
As the effects of the devalued American dollar spread, American families and companies will become poorer, less competitive, less able to provide for their own futures.
The most important promise in the Republicans' election-winning Pledge to America was not about taxes, nor Obamacare, not spending. Though all those are critically important, they pale in comparison of the game-changer, their promise that all regulations affecting $100 million or more of the economy will require specific congressional approval.
…(W)e will require congressional approval of any new federal regulation that has an annual cost to the economy of $100 million or more. This is the threshold at which the government deems a regulation "economically significant." If a regulation is so "significant" and costly that it may harm job creation, Congress should vote on it first."This change has the potential to cure the ills that Obama has wrought. It can be the aspirin that reduces our high temperature and threatens our economic lives. Capital markets and business leaders, from the local bodega on the corner to the largest firms across the nation, will reassert themselves into their proper roles as captains of industry, masters of their destinies, while the government shrinks to its rightful role.
Until we have the opportunity to treat the infection in the White House in 2012, it is critically important to support conservatives' efforts to reign in the bureaucracy by holding Republicans accountable for their most important promise.