President Obama touts an America where everyone deserves a “fair shot,” but the policies he implements makes it harder for businesses to succeed. With increasing regulations and laws that allow the government to pick winners and losers, Obama creates a business framework that stifles growth and innovation.
A video released from CronyChronicles.org illustrates how government’s intrusion is harmful, as the video advertisement features a cleaning product called Crony Clean, a spray that breaks down bureaucracy. The ad displays the Crony Clean product in the humorous vein of a Billy Mays infomercial, showing how easy it is to use and telling viewers just how badly they need it.
If only it were that easy.
“Normal products attack the side effects of cronyism by passing more laws and business regulations,” the infomercial states. “But Crony Clean is different- it targets the root cause of cronyism – too much government. Using proven political science, Crony Clean eliminates the government influence on business, giving everyone the right to make a living.”
Crony capitalism happens when private businesses collude with the government to create “unfair legislation which gives them forced benefits they could not have otherwise obtained voluntarily,” according to the Crony Chronicles website. “Those benefits come at the expense of consumers, taxpayers, and everyone working hard to compete in the marketplace.”
While Obama presents himself as an ambassador for the working class, the crony capitalism he participates in actually makes them struggle more according to Ed Gillespie, Romney’s senior adviser. “If you’re a middle class worker, you’re in jeopardy, you’re facing a layoff,” he said on CNN’s State of the Union this weekend. “That’s the kind of economy we’re seeing with President Obama. His buddies do well, political supporters do well, they get green jobs, money, and they get stimulus dollars.”
The video also highlights how increased red tape makes it harder for businesses to innovate and how that tape allows the government to pick winners and losers. According to the Heritage Foundation’s Red Tape Rising report, Obama has greatly increased the regulatory state, introducing 106 new major regulations that added $46 billion per year in new costs for Americans. “Hundreds more regulations are winding through the rulemaking pipeline as a consequence of the Dodd-Frank financial regulation law, the Patient Protection and Affordable Care Act, and the Environmental Protection Agency’s global warming crusade, threatening to further weaken an anemic economy and job creation.”
And the U.S. economy is already feeling the effects of the regulatory burden. The World Bank’s “Doing Business Report” ranks national economies on 10 economic metrics and since 2008 the United States has fallen nine ranks from fourth to 13th place.
Are you tired of the government picking favorites in business? Is red tape making it impossible for you to earn a living? Young conservatives might not have access to Crony Clean to spray out bureaucracy, but they do have the ability to push leaders to employ policies that will allow individuals to sit in the driver’s seat of the economy, not government.