Why the jobs aren’t coming back
The Politico has an interesting story about Toyota up. It seems the company does not much care for this administration.
Internal Toyota documents derided the Obama administration and Democratic Congress as “activist” and “not industry friendly,” a revelation that comes days before the giant automaker’s top executives testify on Capitol Hill amid a giant recall.
It is not, however, just Toyota. Lots of businesses and industries are feeling the same way. In large part, this is why the jobs are not coming back. Businesses are deeply, deeply worried about the activist bent of the Obama administration and the anti-free market stance it has repeatedly taken on issues. The uncertainty and antagonism are causing businesses to keep money on the sidelines.Last night I talked to a friend of mine. He said a business in his state has put a major new business development on hold because of the Obama Administration’s stance on carbon emissions. The company could move everything to another country and be perfectly happy with less environmental restraints, or it could keep everything in the U.S., comply with existing environmental laws, and create American jobs. But because Obama and the EPA are headed in the direction of even more regulation and expense, the jobs might go overseas.Right now the Obama administration is excelling at two types of job creation programs: government jobs and jobs overseas away from the American regulatory regime.Until the White House and its minion signal a willingness to work with businesses and not hurt businesses, the jobs will not come back. Toyota is not alone.