Mort Zuckerman on how his buddy Obama broke America’s jobs machine:
ObamaCare is partially to blame. The health-insurance law requires employers with more than 50 workers to provide health insurance or pay a $2,000 penalty per worker. Under the law, a full-time job is defined as 30 hours a week, so businesses, especially smaller ones, have an incentive to bring on more part-time workers.
Little wonder that earlier this month the Obama administration announced it is postponing the employer mandate until 2015, undoubtedly to see if the delay will encourage more full-time hiring. But thousands of small businesses have been capping employment at 30 hours and not hiring more than 50 full-timers, and the businesses are unlikely to suddenly change that approach just because they received a 12-month reprieve.
I once had an otherwise-smart seeming fellow tell me that regime uncertainty didn’t really effect business decisions, because everybody would just raise their prices the same amount to soak up the legal costs.
What an effing moron.
Thinking like that at the highest levels of power is what has caused our present malaise, because the smartest guys in the room have never held a management position in the private sector. They have no damn clue as to what they’ve done to us, nor how to fix it.