One of the main reasons the economy turned around under President Trump was that he cut thousands of regulation’s that was placed by Obama and what that did it caused business, especially small business not to invest money into business expansion not knowing what regulation Obama would place next and that was an estimated trillions of dollars that the business community was not investing back into their business.
This information I got from the US Chamber of Commerce Foundation: “More than 45% of U.S. gross domestic product is driven by the small business sector. About 98% of the country’s businesses have fewer than 100 employees. Nearly half of workers in the American private sector are employed by small enterprises. Historically, small businesses have been responsible for two-thirds of all net new jobs. This ubiquity makes small businesses a key piece of the American economy, playing a critical role in its success and growth.”
The following was posted by Dom Calicchio, published by Fox News: “President Biden left no doubts on day one in the White House that the Trump era of deregulation was over, according to a report.”
“Soon after taking office Jan. 20, Biden scrapped a Trump deregulation rule that had helped save the U.S. about $160 billion, according to an analysis by the American Action Forum (AAF), a think tank that focuses on economic and fiscal policy issues.”
“Trump’s deregulation efforts as president were highlighted by a “one in, two out” rule that required two existing regulations to be scrapped every time a new regulation was enacted, according to the report.”
“The nation’s 45th president also set limits on how much a regulation could cost.”
“Trump’s actions saved the country $155 billion to $165 billion between 2017 and 2021, the AAF estimates, according to the Times.”
“The range is in terms of economic impact, which is almost entirely borne by the private sector,” Bosch told the newspaper.”
As I showed above the small business person is the bulk of the economy and it must be stressed that every time a new regulation comes into being there is no separation as to how its applied, it will have to be followed by big business as well as small business and mom-pop businesses and this is just the start in relation to what China Joe wants such as higher taxes, higher minimum wage and you can just imagine with all the new environmental regulations that will somehow have to be paid.
This is very bad, most of these clowns that are pushing these regulations have never had a business of their own but what is going to happen is that the business person once again will hold back expansion which means there will not be new jobs and new people being hired which also will mean not enough money going into the US Treasury. So my patriots what do we have here, well like I have been saying, its Obama all over again but this time it will be Obama on steroids.