Buried beneath the avalanche of press coverage about the lame-duck Congress, I found a story about President Obama’s mid-December meeting with twenty corporate CEOs. The purpose of this Blair House get-together was to discuss how to jump-start our still-ailing economy. Among other aims, Mr. Obama reiterated his goals to increase employment, end the recession, and double U.S. exports over the next five years.
These are lofty and laudable ambitions. But it seems that Mr. Obama’s regulatory bureaucrats haven’t gotten the memo. For example, consider the counter-productive impact of their efforts on agriculture.
As any shopper knows, food prices this past year have been rising faster than the overall rate of inflation.