Listen to just about any speech by a Republican presidential hopeful, and youâ??ll hear assertions that the Obama administration is responsible for weak job growth. How so? The answer, repeated again and again, is that businesses are afraid to expand and create jobs because they fear costly regulations and higher taxes. Nor are politicians the only people saying this. Conservative economists repeat the claim in op-ed articles, and Federal Reserve officials repeat it to justify their opposition to even modest efforts to aid the economy.
The first thing you need to know, then, is that thereâ??s no evidence supporting this claim and a lot of evidence showing that itâ??s false.
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