Mike Kryzyzewski, the Duke University and Team USA men’s basketball coach, took a more dire view of the economy than the White House did today: “There’s a war against the economy,” he said.
“But there’s a war against the economy,” Coach K told CNBC today. “You know, I mean, of what’s happening, and we should come together as much as possible to find solutions where we can provide jobs, opportunities for the people of our country so that they can succeed.”
A recent report from the House Oversight and Government Reform Committee found that President Obama had authorized an unprecedented array of regulations that tend to favor “environmental and union allies.” In 2011, Obama’s regulatory agencies imposed 3,807 new rules on various sectors of the economy that Oversight staff expect to cost over $105 billion this year alone. As of the fall of 2011, federal regulators were considering 133 new “economically significant rules” — that is, regulations that would each cost over $100 million annually.
President Obama’s top economic adviser, Alan Krueger, said that the recovery is weak because “the Recovery Act funds have been phasing out,” which causes state and local governments to cut public jobs.
The Mitt Romney campaign recalled an earlier dig that Kryzyzewski took at Obama when the president didn’t pick his team to make the NCAA tournament’s Final Four. “As much as I respect what he’s doing, really the economy is something he should focus on more than the brackets,” Coach K said in March.