NOT SINCE the New Deal’s heyday in the 1930s has Washington waged such an unrelenting assault against the private sector. Both times the result has been the same: a severely underperforming economy.
The Obama Administration has let it be known that the White House and the regulatory agencies will be issuing a blizzard of new rules and decrees in the waning months of his miserable regime. These will affect overtime, unionization, the environment and finance, among other areas, thereby hobbling enterprise even more.
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