Apparently, it's not enough that ObamaCare already constitutes an effective "tax" on work -- threatening to reduce the full-time workforce by 2.5 million people.
Now President Obama is announcing new regulations that could extend overtime to as many as 10 million new workers. Like so many of the President's initiatives, this one sounds good . . . for someone who has no clue about how jobs are created.
The regulations would redefine which employees can be deemed ineligible for overtime pay because they are "executive or professional." In effect, they make it more expensive to keep full-time employees on the payroll. Like ObamaCare, and like his minimum wage proposals, they simply create deterrents for businesses who would otherwise hire Americans who need jobs.
For a leader presiding over an era of unprecedented long term unemployment, the President certainly seems more eager to offer "sound good" proposals designed to create rallying cries for this year's election -- rather than making the smart choices that would actually put people back to work.
Join the conversation as a VIP Member