The Obama Administration is set to release more regulations in a few days. Every regulation lowers GDP -- the question is not whether, but how much. As the American economy continues to stagnate and economic growth seems a distant memory, the wealthy, elite left who dominate this administration are poring over new rules and regulations to further strangle the American economy.
On almost every front, the governments at all levels are straining to kill off the American economy. States and cities are raising minimum wages, restricting land use, and adding to onerous licensing requirements. The Obama administration is promulgating ever-burdensome, often unconstitutional, regulations in what seems to be a clear effort to destroy the American business community.
Who will be the big loser? That's an easy one. The losers, as always, will be the poor, the minorities, the disenfranchised. They will be slaughtered economically by these regulations and obtrusive rules, designed to eliminate free markets and opportunities for those with less.
Obama and Jack Lew are destined to live a life of leisure and wealth, but that will not be the case for the victims of their policies. Inequality will grow, as it has during every year of this overbearing administration.