Obama says he will get focused on the jobs problem just as soon as he returns from his August vacation in Martha’s Vineyard. Like the more famous Hamptons, the Vineyard is a playground of the rich and famous out to find some summer enjoyment on the Atlantic shore. Just before leaving, Obama articulated his number one goal is to grow the economy.
But while Obama is playing jetsetter, back in Washington a crucial regulatory agency, the Environmental Protection Agency (EPA), has been captured by a group of extremists who actually believe the USA would be better off with a smaller economy.
In some of the economy’s most hopeful corners, these bureaucrats are wielding all of the levers of regulatory authority in their arsenal to kill growth. Just as the “green shoots” of recovery sprout, they come along with a can of herbicidal regulations and kill the sprout. As long as Obama leaves these extremists in charge of the agency, the economy is unlikely to recover and will suffer.