President Obama's PLAN for businesses to hire

I have written before that the best way to stimulate the economy is to eliminate all the government impediments to economic activity.

On January 18, 2008 I wrote. "They should repeal the minimum wage for anyone who is hired within the next 12 months.

They should eliminate all of the EEOC requirements for hiring and firing any employee hired during the next 12 months.

They should eliminate the licensing requirement to start a taxi business, barber shop, beauty salon, garage and many other businesses."

In March 16, 2009 I wrote, "President Obama just announced a PLAN to help small businesses get credit. He is offering 17 billion for an industry that supplies 70% of the jobs in the U.S. AIG, one company, got ten times that amount."

Now the economy is improving, months after the recession begin, as is the normal process. An improving economy does not stop the government from implementing another PLAN for us. The government is always planning our lives. President Obama's latest plan will give companies a tax credit of up to $5,000 for each new hire and reimburse them for Social Security taxes if they expand their payrolls.

If we want zero unemployment we should eliminate the barriers to employment. These barriers are listed by Lew Rockwell in his column.

The high minimum wage that knocks out the first several rungs from the bottom of the ladder;
The high payroll tax that robs employees and employers of resources;
The laws that threaten firms with lawsuits should the employee be fired;
The laws that established myriad conditions for hiring beyond the market-based condition that matters: can he or she get the job done?;
The unemployment subsidy in the form of phony insurance that pays people not to work;
The high cost of business start-ups in the form of taxes and mandates;
The mandated benefits that employers are forced to cough up for every new employee under certain conditions;
The withholding tax that prevents employers and employees from making their own deals;
The age restrictions that treat everyone under the age of 16 as useless;
The social security and income taxes that together devour nearly half of contract income;
The labor union laws that permit thugs to loot a firm and keep out workers who would love a chance to offer their wares for less.

I think President Obama has realized the mid term elections are near and he knows the economy is going to be an important issue so he is trying any way to get the unemployment to improve. He still has plenty of stimulus money that has not been spent. As of November 2009 only $100 billion of $787 billion had been spent. Why not? Because he is saving it to boost the economy for his in 2012 campaign.

Charles Tolleson