Friday, 20 December 2013 11:08

Administration’s Lagging Popularity May Benefit 2014 Economic Growth Featured

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If history proves to be a reliable guide, the Obama Administration’s popularity travail may act as a stimulant to 2014's still questionable U.S. economic growth. 

“Climatological purity” has been enunciated by President Obama as a signature objective of his second term, with the Environmental Protection Agency acting as a spearhead to accelerate the squeeze on electrical utilities and other energy progenitors of CO² and greenhouse gases to force U.S. industry to cut back its almost unattainable mandated effluences. This would put a severe curb on energy development, the major industry segment that encompasses the best chance for America’s economic health to be improved, well over 2013's humdrum results. 

With the Obamacare fiasco driving President Obama’s plus ratings below 40% for the first time, a repeat of his first term’s “cap and trade,” stopped only by the GOP taking over the House in the November 2010 election, the threat of the Senate falling to the Republicans in the mid-terms will likely impose a restraint on the Administration’s heavy push on energy production restraint. 

It follows that Democratic Senators, up for election and reelection, will put their political weight behind a respectable 2014 economic improvement, and vote with Republicans to curb the more severe regulatory fiscal and environmental restraints that the White House is attempting to impose on business and industry at large. 

The shadow of overemphasis on Obamacare, while infrastructural improvement could have generated employment benefits and production growth, is hanging heavily over an economy that is now suffering the consequences of a major misplaced economic priority, the reverse of which could have put today’s U.S. economic well-being on a far stronger footing. 

It’s unfortunate that the communications media are loath to comment on the Administration’s fiddling with an increasingly rejected European style healthcare fiasco, while fiscal balance, aggressive employment initiatives, and a muddled foreign trade inaction hold back potential opportunities.

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Morrie Beschloss

Morris R. Beschloss is a global economic analyst, award-winning long-term top business executive, and avid blogger.

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