Obama’s Assault on Economic Freedom

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Yesterday, President Obama’s two principal economic advisors -- National Economic Council Director Larry Summers and Council of Economic Advisors chair Christina Roemer -- gave us a glimpse into the continued tumult in the White House’s over how to restart America’s economic engines.

Announcing its newest economic intervention, EPA administrator Lisa Jackson threatened Congress that if it didn’t pass the “cap and trade” global warming tax, “... the EPA is going to have to regulate in this area." She said EPA “…is not going to be able to regulate on a market-based way, so it's going to have to regulate in a command-and-control way, which will probably generate even more uncertainty." And infringe even more on economic freedom.

Last week, in his “jobs” speech, Obama said, “There are those who claim we have to choose between paying down our deficits on the one hand, and investing in job creation and economic growth on the other -- but this is a false choice."

He is precisely wrong.

The more the government grabs and spends, the less chance there is that jobs will be created....

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