During a recession citizens look to the government for help to create a more prosperous economy. However, recently many large businesses feel the president is becoming too anti-business. This week, the CEO of Verizon said during a speech in Washington that Obama’s regulatory expansion is “making it harder to raise capital and create new businesses.” After the housing market crashed many Americans cried for more regulations on big business; but has Obama’s Administration gone to far?
According to this author, Obama’s administration has made it clear they favor a mixed economy; an economy focused on both free market capitalism and greater governmental regulations. However, the author has also made it clear that Obama’s policies have led to some economic growth already. Whether or not economic growth will continue into the near future is still up for debate.
http://www.economist.com/node/17095509?story_id=17095509
It is nearly, if not completely, impossible to please everyone with issues such as this. With too much freedom businesses can strangle an economy but without enough freedom they won't be able to help or, in this case, save it. Obviously a middle-ground is necessary but that line is an ever changing one. Because of how this changes so often with the changing economy this type of scenario does not surprise me.
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