American Elephants

Uncommon Knowledge: Economist John B. Taylor by The Elephant's Child

High unemployment. Business in the doldrums, the recovery that Obama keeps promising remains elusive, in spite of his claims. Many small businesses that are the usual engine of growth are struggling. The elephant remarked yesterday that the only business that seems to be visibly expanding is the gun range.

The business organizations, the Chamber of Commerce and Small Business Association and others readily say that uncertainty is holding them back. To open and run a business is a risk. There are all sorts of uncertainties that affect your bottom line. Nobody knows what will happen tomorrow. The actions of this administration have been to increase uncertainty across the board. Will taxes go up? Are energy costs going to rise and by how much? What new regulations are going to be issued? Have I broken any regulation that I don’t even know about that will have an armed swat team breaking in my front door? What crazy new environmental regulation is the EPA going to come out with tomorrow? John Taylor explains.


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