Administration Policies Destined to Stunt Economic Growth During Second Term

What is becoming increasingly apparent as 2013 unfolds is the near certainty that the power levels of the federal government will primarily be used to advance policies that will attempt to accelerate “Affordable Healthcare,” expand financial regulation, and impose energy development restrictions through an even more aggressive implementation of the Environmental Protection Agency. Whatever growth the nation’s gross domestic product achieves (2% annualized at best), will emanate from economic expansion least impacted by federal government interference.

It’s no exaggeration to predict that President Obama’s second term will focus on the enforcement of such social policies as gun control, solidifying more lenient immigration policies, advancing the cause of climatological restraint, and opening the door to greater interference of the United Nations into internal U.S. domestic affairs.

Although such UN initiatives as “Law of the Seas,” a global tax, and even surveillance of the U.S. election process may fail in Congress, it won’t be due to lack of effort by the White House.

Although it would be a stretch to accuse these upcoming “second term” policies as deliberately anti-business (especially the millions of America’s independent enterprises), there are none visible that would aid and abet the unprecedented dynamics inherent in oil, natural gas, and coal development, while encouraging the entrepreneurial creativity that has spawned America’s world-leading technological innovations.

Further inhibiting the economic future of the world’s third most populous nation’s potential is the U.S. Government’s obsession with business and industry restraint, rather than expansion policies.

As a succession of crises, such as the fiscal cliff and the upcoming debt ceiling confrontation tend to reflect the current federal government’s leadership style, the exceptional U.S. global dominance, which made the 1900′s second half the American Century, is waning.

In reflecting on the American presidency since the end of the 1930′s Great Depression, none have possessed greater opportunities, while doing less to implement them. Whatever the world’s greatest nation’s unfolding future portends, this century’s first decade and a half may well be typified by future historians as “lost opportunity.”

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