A consistent message from Republican politicians, conservative pundits and talk show hosts, and the Chamber of Commerce is that the jobless recovery we are in is the result of uncertainty in the business community brought on by the tax and regulatory policy of the Obama administration.
This claim is, not to put too fine a point on it, pure baloney. Employers aren't hiring simply because consumer demand for their products and services is depressed due to ongoing effects of the financial crisis. I could spend a lot of time laying out the evidence for this, but I don't have to. Lawrence Mischel of the Economics Policy Institute has already done this much better than I could have. His article is a devastating expose of the complete phoniness of the uncertainty argument.
It is a good read.
To get a clear indication of how phoney the "uncertainty" argument really is, see this rebuttal of Mischel's article by conservative think tank, American Enterprise Institute. It is a classic case of praising with faint damnation.
