Inflation may be cooling from its painful highs, but America still doesn't feel good about our economic health. Public pessimism hit record highs this year, with nearly 7 in 10 holding negative views about the state of the economy, according to a survey from CNBC. Against that backdrop, the Biden Administration is pushing an economic regulation, known as the Joint Employer Rule, so extreme and misguided that even California walked back a similar state-level policy.

Related: The Joint Employer Rule Will Crush Franchising. Here's How to Protect Your Business

The policy has long been a priority of labor unions like the Service Employees International Union that wield major influence in Democratic political circles and President Biden is fond of calling himself the "most pro-union president in history." In late October, his appointees at the National Labor Relations Board (NLRB) took a major step toward living up to that title by voting along party lines finalizing a regulation to restore and expand an Obama-era standard of joint employer that applies to every business in America, but uniquely harms those using a franchise model.

In 2015, the Obama Administration's meddling with joint employer cost 376,000 jobs and led to a 93 percent increase in litigation.

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