Great editorial in the Orange County Register

Obamanomics sets recovery roadblocks
Again, President Barack Obama�s proposals for debt reduction evoke class warfare and promote roadblocks to economic improvement.

His tax-increase plans for the �rich,� after agreeing not to raise them just four months ago, strikes at the heart of small businesses that are primary generators of new jobs, just as the national job picture shows improvement. He fails to fully acknowledge the massive overspending at the national level and its dampening effect on the economy. He fails to provide the leadership needed to cut spending, which is a roadblock to improving the economy.

His energy policy restricts the development of oil and natural-gas reserves in the United States, preventing job creation. He subsidizes wind, solar and ethanol, none of which is adequate or economically viable in today�s market, while oil and gasoline prices soar, costing consumers and businesses millions of dollars, further hampering job creation and strangling economic growth.

His health care plan increases costs to consumers and businesses and is a major impediment to new job creation. Once McDonald�s was relieved of the Obamacare burden, it announced the hiring of 50,000 new workers. How many other companies would also increase hiring if they also were relieved of the Obamacare burden?

Obama�s over-regulation of U.S. banks has made them noncompetitive in the world market and costs jobs as international companies redirect business to foreign banks, where they can obtain a full line of services no longer available from U.S. banks.

The list goes on. Our once-vibrant economy is struggling to recover, but at every turn it is hampered by an Obama roadblock. As Obama begins his quest for a second term we must remove the above economic roadblocks and send him back to being a community activist.