There have been significant impairments to both of the conditions due to the Obama administrations actions.

There are so many examples of not knowing what he rules are with Cap & Tax, Health Care, Card Check, Financial Reform (which I didn’t even touch on, for brevity sake) all up in the air, and a propensity to pass hundreds-of-pages-long legislation without hearings, debate, or even the ability for members of Congress to read it.

Add to that the fact that Obama and co have often sought to subvert the rules to their political advantage. This is exactly what they did- to the detroment of secured creditore- in the GM and Chrysler bust-outs.

This is also exactly what happened with the AIG bonuses- Congress passes and Obama signed a law guaranteeing the bonuses. When the scat hit the fan on their becoming public, Obama & co used public shaming and the threat of worse to score political points at the expense of a few individuals.

In this environment, very little gets done in the private sector. Uncertainty kills growth, and there is an excess of that emotion raging right now.

You’ve also explained, but I would add new emphasis, that every dollar the federal government borrows is one dollar of capital that businesses and individuals cannot use to invest and grow the economy. Unless, of course, there is no capital available for government to borrow, in which case they just print up the new money, thereby making EVERY dollar worth less. It’s the “cruelest tax of all.”