• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

D.C.'s affordability headache has a silver bullet, new study shows: Tackling $40 trillion national debt would boost household income by $36,000

2

After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings

3

Multimillionaire author Bill Perkins says parents should give kids their inheritance in their 20s when it can transform their lives—not when they die

1

D.C.'s affordability headache has a silver bullet, new study shows: Tackling $40 trillion national debt would boost household income by $36,000

2

After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings

3

Multimillionaire author Bill Perkins says parents should give kids their inheritance in their 20s when it can transform their lives—not when they die

More ‘uncertainty’ insanity

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
August 29, 2011, 7:47 PM ET
Google source logo
Add Fortune on Google for similar content.

More absurdity from the “uncertainty” police.



Are you certain about uncertainty?

Rep. Eric Cantor (R-VA) today proposed cutting 10 federal regulations that he believes are the “most harmful” to new job creation. In a memo to other House Republicans, Cantor wrote:

“By pursuing a steady repeal of job-destroying regulations, we can help lift the cloud of uncertainty hanging over small and large employers alike, empowering them to hire more workers.”

Puh-lease.

My gripe here isn’t with the specific regulations Cantor wants to cut. In fact, I’m not certain what all of them are, save for some EPA rules and the National Labor Relations Board’s ability to relocate jobs (read: Boeing situation). If he wants to make his case that the cost/benefit analysis of these 10 regs is improperly weighted toward the former, then have at it.

All I’m asking is that Cantor — and everyone else — stop talking about how “uncertainty” over government action (or inaction) is preventing American business from hiring. It is simply untrue, as I’ve discussed here and here. Do you remember the last time we had certainty over either future government policy or macro economic conditions? Me neither.

Moreover, doesn’t Cantor’s proposal actually produce more uncertainty, rather than less?

As of this moment, business may not like certain regulations, but it knows what those regulations are. Proposing that certain rules be rescinded, particularly when President Obama and Congressional Democrats are likely to object, could cause business owners to create multiple hiring scenarios — and perhaps wait on the sidelines until the molasses-like legislative process is concluded. And what if the rules are abolished, but Democrats pledge to reinstate them? Uncertainty all over the place!

I guess I just yearn for the simpler days when politicians just called rules job-creating or job-killing. Sure it’s usually hyperbolic, but at least its less asinine than “uncertainty.”

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.