Posts tagged ‘Via Glenn Reynolds’

I've Been Warning About This

Meddle in the economy too much, and investment dries up as entrepeneurs sit on the sidelines to see what's next:

"America isn't hiring precisely because of government policy. Small business owners, who are usually the first into and the first out of the job pool, are standing by the fence and watching. They are paralyzed by regulatory uncertainty. If they hire someone who ends up doing poorly, will they be able to fire that person? Will they have to pay their health care bills after they've been terminated? If so, for how long? Who will pay for all these stimulus checks? If it will turn out to be small business, why would they hire instead of keeping costs low to prepare for the big tax bill? Where will the market move? Are you in the right business or are your clients in a politically disfavored industry? . . . Jobs aren't languishing despite the government's best efforts. They're languishing because of them."

Via Glenn Reynolds

Don't Get Your Hopes Up

Via Glenn Reynolds:

Rep. Mark Udall has joined Republican budget hawks on legislation
that would give the White House new authority to pare congressional
spending bills. . . .

It would authorize the president to pull specific items out of
massive appropriations bills and then force Congress to hold up-or-down
votes on the proposed cuts. It would apply to fiscal year 2006 spending
bills, plus the huge, multiyear transportation plan that critics have
said is loaded with wasteful, pork barrel projects.

Doesn't mean a thing.  A)  Congress will never pass it.  B)  There is no evidence that Bush cares one whit about spending control and C)  There is absolutely no evidence that Bush is willing to veto anything out of Congress, since he already holds the veto pen rust award.