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What regulations has Obama passed that has hurt business?
I see ridiculous claims that Obama destroys jobs. The global economy has been in bad shape and we are holding our own. To Obama's credit he has flip flopped on the carbon credit deal and backed far away increasing natural gas for good energy policy. Thats a good thing when a leader has the sense to do the right thing. Health care, well Medicare is going to hell in 8 years and he had to do something. Probably the only thing bad is that he bailed out big corporations as the fortune 500 profits are at 70% directly because of the bail out. GDP is only 2% but unemployment came down from 12% to 8%. Its mixed but what really hurts us is costs and that has been good because we dont have the burdens New York and California have.
Thanks Pred. Obama shows consistency and integrity. He needs to work on executing it but both he and the GOP congress are prideful as all get out and refuse to talk. I know each blame each other but I expect Obama to lead like he did with Christy.
6 Answers
- Anonymous9 years agoFavorite Answer
This one is worth the 2 minutes to watch.............too bad everyone cannot see it.
THIS IS FABULOUS ...WHY WON'T THEY RUN IT NONSTOP?
http://www.youtube.com/watch?v=fZgQhnNRSuw ...........History repeats itself.
- SarahLv 79 years ago
Republicans claim healthcare, but he also provided a tax credit to businesses to offset the costs.
- Anonymous9 years ago
Small business owner here.
Can’t think of any that have affected my business.
And the only thing ObamaCare has done is allow me to consider covering more people.
- ?Lv 79 years ago
Obama WH knew drilling moratorium would cost 23,000 jobs
Remember in December when the White House said it would make a “hard pivot” from health care to jobs? That “hard pivot” didn’t materialize until months later, and in a completely different form than one might have assumed. The Wall Street Journal reports that the Obama administration’s moratorium on drilling in the Gulf cost Americans 23,000 jobs — and that Barack Obama knew it when he ordered it:
Senior Obama administration officials concluded the federal moratorium on deepwater oil drilling would cost roughly 23,000 jobs, but went ahead with the ban because they didn’t trust the industry’s safety equipment and the government’s own inspection process, according to previously undisclosed documents.
Critics of the moratorium, including Gulf Coast political figures and oil-industry leaders, have said it is crippling the region’s economy, and some have called on the administration to make public its economic analysis. A federal judge who in June threw out an earlier six-month moratorium faulted the administration for playing down the economic effects. …
They show the new top regulator or offshore oil exploration, Michael Bromwich, told Interior Secretary Ken Salazar that a six-month deepwater-drilling halt would result in “lost direct employment” affecting approximately 9,450 workers and “lost jobs from indirect and induced effects” affecting about 13,797 more. The July 10 memo cited an analysis by Mr. Bromwich’s agency that assumed direct employment on affected rigs would “resume normally once the rigs resume operations.”
This may have been a necessary tradeoff if the moratorium was really the needed solution. However, even the President’s own task force on the Gulf crisis didn’t believe it to be necessary. They publicly rebuked the White House for misleading the public by linking the ban to their analysis of the disaster, which never contemplated a blanket moratorium.
In the end, the moratorium replaced action by the administration to address the critical failings in its own regulatory regime:
In another document, William Hauser, chief of the regulations and standards branch of what was formerly called the Minerals Management Service, outlined the risks of various drilling activities in an email to colleagues and then wrote: “The more I write this stuff the more I believe we can/should/could regulate/stop activities through a prudent management process versus a moratoria scheme.”
He added, “I guess the moratoria approach is necessary because the MMS cannot be trusted to regulate.” Mr. Hauser couldn’t be reached for comment Friday.
Rather than fix their own problems (which, to be fair, predated this administration as well as continued under Obama and Salazar), Obama and his team instead imposed the ban, killing thousands of jobs and setting back the economy of the Gulf by years — literally. The capital equipment needed to produce oil in the Gulf has begun to disperse to foreign waters, thanks to the government’s refusal to allow continued drilling by companies that had nothing to do with Deepwater Horizon. Any new drilling will take years to restart if those rigs float away to other resources, and the capital investment that created today’s rigs may not be as easy to acquire in the wake of the arbitrary nature of Obama’s actions.
That’s one of the reasons why we’re already having trouble producing jobs. This is just a microcosm of Obamanomics................................Gulf Oil CEO: Obama ‘Hypocritical’ on Brazil Drilling
Gulf Oil CEO Joe Petrowski says President Barack Obama’s weekend comments in Brazil that the United States looks forward to purchasing oil drilled for offshore by that nation “is rather puzzling,” and “hypocritical” as his administration has imposed a virtual moratorium on domestic drilling. The signal to purchase more foreign oil comes after the U.S. Export-Import Bank invested more than $2 billion with Brazil's state-owned oil company, Petrobras, to finance exploration.
“Any drilling, or any new production, especially production outside the Mideast – that is inherently unstable and probably is going to become more unstable as we move forward – is a positive,” Petrowski said Tuesday on Fox News.
“But why Brazil, when we could have the jobs and foreign exchange in this country, is rather puzzling – and I’d say somewhat humorous,” Petrowski told Fox News’ Neal Cavuto. “What is it about Brazil that they have that we don’t have?
Source(s): “What concerns me – in addition to we are going to lose the jobs, and in addition to not having the foreign exchange – is one of the untold problems, I think, in the world oil markets, besides that we are getting too much of our oil from the Mideast, is 75 percent of our oil is being produced by government-run entities,” he continued. “It would be a lot better if we had the drilling here,” Petrowski said. “And it seems a double standard and it seems somewhat hypocritical [that] a country that desperately needs jobs, and we need them here, that we are encouraging other countries to create the jobs that we need. - How do you think about the answers? You can sign in to vote the answer.
- Anonymous9 years ago
Obama care for one.