Obama killing the stock market

America's workers are the world's most productive, but they are sorely handicapped by needless regulations, including those imposed in the last year by the Obama administration, a new manufacturing study says. Economists on the left routinely appear mystified by the ongoing slow growth in jobs, investment and business startups under President Obama.

But a new report from America's largest manufacturers' group suggests a big reason for our current slowdown can be found in one word: The study by the National Association of Manufacturers NAM shows new regulations over just the past year amount to a huge hidden tax on U. How big is the hidden tax? In the last year, federal agencies and departments imposed rules that will cost U. Oh, and to boot, companies would have million hours of added paperwork tacked on to the already-hefty regulatory paperwork burden they bear.

By the way, don't expect a sympathetic hearing from Hillary Clinton and other Democrats on this issue: They like regulations, which are how they control Americans' lives and behavior without even asking Congress for approval. This last point is key, since Congress — not the unelected bureaucracy — is the only branch of government under the Constitution that is supposed to make laws.

Barack Hussein Obama - Discover the Networks

Of course, progressives don't care about all this, because many of the , who will lose jobs in coming years will be counted among the "deplorables" that Clinton says support Donald Trump. The point is, because of excessive regulation, it's a tough time to make things in America, according to NAM. These rules result in lower productivity growth, and companies end up paying lower wages and reducing employment.

And here's the surprising kicker: All these nasty effects we discussed above come from just seven new rules that have been pushed on us by the bureaucracy. Those rules have the force of law, even though neither you nor your representative voted directly to impose them. According to NAM, the deadly seven rules are: And this is only the tip of the proverbial iceberg under Obama. In a recent study, the Government Accountability Office found that the four administrations before Obama averaged about 1.

Under Obama, that's jumped to three. Regulation of the U. How can our economy fly when it has so much dead weight?

That might not sound like much, but Mercatus estimates that if regulation had been held to the level, the U. So, yes, regulation matters.

This is yet another reason why all of us need to pay close attention to what the presidential candidates, vice presidential candidates and their surrogates, have to say about the economy between now and the election.

The next job the poison of excessive regulation kills might be yours. Misguided Tax Rules Underscore Obama's Regulatory Overreach. Follow The Red State Model. After Amazon's buyout of Whole Foods Market, will Grubhub be the next item on the e-commerce giant's menu? Track the latest defense deals, airline orders and other aerospace news from the Paris Air Show. Get 4 free weeks of the IBD Digital edition plus access to IBD's exclusive market analysis, proprietary stock ratings and interactive tools.

LOL at the GOP - Volume 3: Guns Don't Kill, Cars Don't Drive, and Ovens Don - Craig Rozniecki - Google Livres

Stay on top of the market with IBD's exclusive videos. You will find the latest news, market analysis, and education to help you become a more successful investor.

Get the most out of IBD's products and features by learning the CAN SLIM Investing System and staying in sync with the market trend. Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities.

The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the stocks they discuss. The information and content are subject to change without notice.

Politics | News about Politics in America & the World

You are using an outdated browser. Please upgrade your browser to improve your experience.

Now that the Dow has hit 18,, let us remember the worst op-ed in history - The Washington Post

Your cart is currently empty. Visit the IBD Store to get started. Start a 2-week FREE trial. Get instant access to IBD videos. IBD Stock Charts IBD Stock Checkup Stock Quotes CAN SLIM Advisors MarketSmith How to Buy Stocks How to Read Stock Charts When to Sell Stocks IBD Retail Locations Ad Choices. Connect With Us On.