One metric does not a failure, make.
That particular metric is the result of conservative business executives choosing profits, which they are lavishly rewarded for this year, over growth, which is rewarding for everyone, but over the long term.
There's not much any government can do about that aspect of free enterprise.
That particular metric is the result of liberal policies saddling business with burdensome regulations, giving many with no choice but to relocate, scale back, or shut down entirely.
The government needs to stay out of the way of business, outside of a few basic rules.
That's the only way government can create long-term growth.
I see no evidence of Obama adding "burdensome regulations". Do you have a bunch of examples?
You should know better than to ask.
Government report finds regulations have spiked under Obama | TheHill
The number of regulations from Washington has spiked since President Obama took office, according to a new government report.
The Obama administration published more “major” final rules in its first term than the George W. Bush administration did in its second, according to the Congressional Research Service (CRS).
At the same time, the Obama White HouseÂ’s review period for pending regulations was longer in 2012 than any point going back to at least to 1994, according to the report from the CRS, CongressÂ’s research arm.
From 2009 through last year, there were more than 13,000 final rules published in the Federal Register, while fewer than 12,400 were finalized from 2005-2008, the report found. ThatÂ’s an increase of nearly five percent.
Under Obama, 11,327 Pages of Federal Regulations Added | CNS News
Over the past three years, the bound edition of the Code of Federal Regulations has increased by 11,327 pages – a 7.4 percent increase from Jan. 1, 2009 to Dec. 31, 2011. In 2009, the increase in the number of pages was the most over the last decade – 3.4 percent or 5,359 pages.
Over the past decade, the federal government has issued almost 38,000 new final rules, according to the draft of the 2011 annual report to Congress on federal regulations by the Office of Management and Budget. That brought the total at the end of 2011 to 169,301 pages.
That is more than double the number of pages needed to publish the regulations back in 1975 when the bound edition consisted of 71,244 pages.
Randy Johnson, senior vice president of labor, immigration and employee benefits at the U.S. Chamber of Commerce, distributed a handout of a Congressional Research Service analysis of a 2008 study commissioned by the Small Business Administration that estimated the annual compliance price for all federal regulations at $1.7 trillion that year.
Seventy percent of the regulations were economic, accounting for $1.236 trillion of the annual cost. The other regulations were, in order of cost, environment regulations ($281 billion), tax compliance ($160 billion) and occupational safety and health and homeland security ($75 billion).
“I think these kinds of figures, if you put yourself in the place of a business person you’ll find them fairly mindboggling,” Johnson said.
Economists with the Chamber also analyzed the OBMÂ’s report on the study, calculating that if every U.S. household paid an equal share of the federal regulatory burden, it would mean a $15,586 tab for each household in 2008.
Ronald Bird, economist with the USCC, told CNSNews.com that the 7.4 percent increase in pages of regulations during the first three years of the Obama administration is higher than the increase over the first three years of the George W. Bush administration (2001, 2002, and 2003) when the publication grew by 4.4 percent.
Morning Bell: Obama's New Regulations Cost Billions | The Foundry: Conservative Policy News Blog from The Heritage Foundation
In our “Red Tape Rising: Obama-Era Regulation at the Three Year Mark” report, James Gattuso and Diane Katz detail how the Obama Administration has imposed new regulations costing $46 billion annually, with nearly $11 billion more in one-time implementation costs. That is about five times the cost of regulations imposed during the first three years of President George W. Bush’s administration, but the burden is even higher. The red tape of the past three years helps explain why the economic recovery has been so slow and job creation so anemic.
Don’t take our word for it, but those of President Obama himself. In January 2011, he said that “rules have gotten out of balance” and “have a chilling effect on growth and jobs.” And he’s right. Where the President breaks with reality is his pledge for a get-tough policy on overregulation and a comprehensive review of regulations imposed by Washington. In fact, to hear President Obama tell the story, you would think he’s a champion of slashing red tape and that his Administration has set its sights on slashing overregulation.
Over just the last year, the Obama Administration has added 32 regulations that together impose more than $10 billion in annual costs and $6.6 billion in one-time implementation costs. Those regulations include mandates covering a broad range of activities and products, ranging from refrigerators and freezers to clothes driers to air conditioners, limits on automotive emissions, employer requirements for posting federal labor rules, product labeling, health plan eligibility under Obamacare, and higher minimum wages for foreign workers. The most expensive regulation came from the Environmental Protection Agency, which added five major rules at a cost of more than $4 billion annually.