Now here is something that you won’t see reported by the ObamaMedia.  This is because the ObamaMedia is focused on promoting the Obama agenda, and the Obama agenda is to increase the size and scope of government.  So this “something” I am referring to is a study by the Phoenix Center about the effect of government regulation on our economy.  Remember that just in 2010, the Obama administration increased government regulation at an unprecedented pace, adding 43 major new regulations on the federal level.  This has a significant effect on our economy.  Take a look …

According to the Phoenix study, “even a small 5% reduction in the regulatory budget(about $2.8 billion) would result in about $75 billion in expanded private-sector GDP each year, with an increase in employment by 1.2 million jobs annually. On average, eliminating the job of a single regulator grows the American economy by $6.2 million and nearly 100 private sector jobs annually.” The reverse is true as well, according to Phoenix, which said “each million dollar increase in the regulatory budget costs the economy 420 private sector jobs.”

“Our statistical analysis of historical data indicates that federal expenditures on regulatory activity have a significant impact on the size of the private-sector economy and private-sector employment,” says Dr. George S. Ford, chief economist at the Phoenix Center. “While the entire federal budget must be cut to address the deficit problem, the evidence indicates that reductions in the overall federal regulatory budget may substantially impact the growth of economic output and employment.”

Barack Obama is serious about creating jobs, so long as they are jobs created by the government and not the private sector.  Unfortunately for PrezBo, a centrally planned economy will not thrive like a free-market economy.  You can’t have the best of both worlds.