President Obama loves to complain that he inherited an economic mess. That may be true, but his wrong-headed policies have only made matters worse, taking actions that hurt businesses and stunt job growth.
1. Obamacare costs
Obamacare will impose a new cost on many small businesses that currently do not provide health insurance for their employees and will pressure many to shift workers to part-time status to get below the measure’s “50-worker” loophole. It also means all companies will have to re-evaluate their health care coverage and make changes to come into compliance with federal guidelines or pay fines of up to $3,000 per worker. The Congressional Budget Office says the bill will lead to 800,000 fewer jobs by 2020.