In this 2009 interview with BusinessWeek, President Obama notes that the health care, education, and energy sectors, as well as the government, were resistant to changes in other sectors that boosted quality, efficiency, and productivity in the 1980s. Now he says he wants to bring health care up to speed. But guess why health care and the other two sectors were dragging their feet? The Heritage Foundation explains why:
But as others have pointed out, the reason the health care, education, and energy sectors all failed to improve quality, efficiency, and productivity in the 80s is because those sectors were, and continue to be, the sectors most dominated by government intervention: our education system is a near total government monopoly; the federal government controls the majority of health care spending in this country, and our environmental laws make new energy development in this country virtually impossible. But President Obama seems completely oblivious to these facts. He is supremely confident that his government “pro-business” interventions will be ahistorically successful. And so he confidently tells BusinessWeek: “You would be hard-pressed to identify a piece of legislation that we have proposed out there that, net, is not good for businesses.”
Never mind that President Obama’s cap and trade proposal would be worth billions to select power companies but cost the U.S. economy as a whole trillions of dollars. Never mind that his health care plan would turn health insurance companies into public-utility like monopolies at tremendous cost to small businesses. Never mind that the President’s big labor-friendly tax hikes would cripple American competitiveness. President Obama’s “pro-business” TARP related actions helped lower the United States rank in the 2010 Index of Economic Freedom, from “free” to “mostly free.” The President must stop having behind-closed-door meetings with his favorite CEOs and start pursuing an economic agenda that helps everyone.