Good economists, as Bastiat wrote, consider the unseen, long-run costs of government actions, not just the seen and immediate ones. In this Freeman piece, Doug Bandow puts his finger on one of those costs, namely the way big government drives away entrepreneurs.

Obama and his progressive compadres prattle away about how they want to use government to help poorer people. Nothing helps those people more than getting a job, however, and by making the climate for entrepreneurship bad through their increases in taxes and regulations, Obama has prevented many jobs from being created.