Ten Reasons Why the Obama Administration's Policies Are Killing Jobs

10 reasons why

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America’s

young people face harsh realities resulting from the Obama administration’s policies. The nation has lost 2.2 million jobs since President Barack Obama took office.

The unemployment rate has gone from 7.6% to 9.1%.

The Huffington Post​reports that up to 85 percent of 2011 college grads, saddled with record student debt, will be forced to live with their parents because they can’t find sufficient work. National Journal reports that more than 17 percent of 16- to 24-year olds who are looking for work are unable to find jobs; this rate is nearing a 30-year high.

Your peers need to know why they face a dismal job market. Use this pamphlet to start the conversation on your campus.

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Young America's Foundation is committed to ensuring that increasing numbers of young Americans understand and are inspired by the ideas of individual freedom, a strong national defense, free enterprise, and traditional values.

policies are

killing jobs

battle the

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job-killing policies

on campus with Young America’s Foundation’s Free Enterprise Lecture Series.

Bringing speakers such as Steve Forbes, Stephen Moore, Larry Kudlow, and John Fund to your college campus can help educate fellow students on the failures of big government.

For more information:

(800)USA-1776 or yaf.org /YoungAmericasFoundation /TheReaganRanch

@yaf @TheReaganRanch

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1. Stimulus Spending Only Stimulates Government From the beginning, the Obama administration’s original jobs plan killed jobs. The failed “stimulus” bill took productive money out of the private sector, stimulating corruption-ridden government largess and diminishing real job creation. A dollar spent by the government is one less dollar that can be used in the private sector to hire workers or to buy products that necessitate more workers. “Shovel ready jobs” was a lie.

2. Obamacare Drives Up Costs on Businesses The Obama administration’s takeover of health-care— one-sixth of the economy—created thousands of pages of regulations and price controls that will further drive costs up for employers. Far from being a cost-cutter, the government takeover is expected to cost the United States $1.1 trillion from 2012 to 2021.

Employers are hesitant to add employees when their health-care costs are unpredictable.

3. The Threat of Higher Taxes Scares Businesses Maintaining the status quo with the highest corporate tax rate in the n developed world is bad “Tee nt yme o l p enough, but the Obama unem l on the l administration actually is sti w at 25 o n rise, cent.” wants to raise taxes on r e dio p ic Ra job creators. When you Publ l a n atio tax job creation, you create — N fewer jobs.

4. Socialism Kills Incentive and Jobs The Obama administration’s addiction to colluding with big business and bailing out failing corporations has eliminated risk and destroyed any incentive to be effective. On the taxpayer’s dime, they have taken over automotive companies, banks, and the student loan industry. Who will they bail out next?

5. Red-tape Muzzles Job Creators The Obama administration’s creation of 4,200 new bureaucratic regulations is devastating for businesses and eliminates incentives to hire new workers. The Washington Examiner estimates that businesses spend $10,500 per employee to comply with federal regulations. This administration promises even more regulations are on the way.

6. Big Government Environmentalism Isn’t a Jobs Strategy Spending billions of taxpayer dollars on “green jobs” has not gotten us anywhere. David Brooks of the New York Times points out that one $300 million grant for green technology only produced 150 jobs—a whopping $2 million per job. The company Solyndra, which produced solar panels, received a $535 million dollar loan and quickly went belly up, laying off 1,100 workers in the process.

7. Obama’s Economic Ignorance Frightens Investors When Obama blames “ATM machines” for destroying jobs, he scares the markets with his misunderstanding of free market economics.

8. The Environmental Protection Agency​Doesn’t Care About Jobs The Environmental Protection Agency (EPA) Assistant Administrator Mathy Stanislaus admitted that the EPA has “not directly taken a look at jobs.” This helps explain why—without approval from Congress—the EPA has pushed radical new greenhouse gas and ozone standards and raised energy costs for American businesses. This follows the President’s promise to make “electricity rates necessarily skyrocket.”

9. The Obama Administration is Beholden to the Union Bosses Under the heavy hand of the Obama administration, the National Labor Relations Board could kill thousands of jobs if they succeed in stopping Boeing from building a 787 Dreamliner plant in South Carolina simply because it is a right-towork state. Such punitive policies drive businesses overseas, and the winner, in this case, would be Europe’s Airbus.

10. Increasing the Minimum Wage Destroys Jobs In early 2009, the Obama administration approved a law increasing the minimum wage by a record amount, creating higher expenses for businesses and reducing jobs for young people and entry-level workers.

Obama’s Job-Killing Policies Why you and your friends are struggling to find jobs.