Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Regulation Nation: Federal regulations cost economy $1.75 trillion
Confounded Interest ^ | 07/22/2012 | Anthony B. Sanders

Posted on 07/22/2012 11:25:25 AM PDT by whitedog57

The +Labor Department reported today that applications for jobless benefits increased by 34,000 to 386,000 in the week ended July 14th. Economists had forecast 365,000, so this was a big swing and a miss (in baseball parlance).

On a non seasonally adjusted (NSA) basis, you can seen a troubling trend:

Continuing jobless claims rose to 3,314,000 which is higher than the forecast of 3,300,000. Another big swing and a miss.

Bloomberg’s Consumer Comfort Index fell t0 -37.9. Consumer Comfort has not been a winner for The President.

And the Philadelphia Fed Business Outlook Survey for General Conditions fell to -12.9 and expectations of -8.0. Another big SWOOSH.

Am I surprised? Not in the least. We are now so over-regulated and are about to be so massively over taxed that businesses are scared. Take Dodd-Frank for example. is only 30% complete and already 8,843 pages of rules and regulations have been written. At this pace, Dodd-Frank will weigh in at about 30,000 pages when complete!

Throw in EPA regulations and the murder of the coal fired power plants (and coal industry) and you can see why American businesses are outsourcing to other countries. It is TOO EXPENSIVE TO DO BUSINESS IN THE UNITED STATES.

A report released by the Competitive Enterprise Institute (CEI) reveals that the cost of government regulation is $1.75 TRILLION. Bear in mind that the regulatory cost is 48 percent of the budget of the Federal government. Furthermore, regulatory costs are almost ten times the total of all corporate taxes collected and almost double the total collected from individual income taxes. Wayne Crews – 10,000 Commandments 2012_0

Let’s see how the Dodd-Frank final list of banking commandments increases the Federal register.

How about a change in game plan?

(Excerpt) Read more at confoundedinterest.wordpress.com ...


TOPICS: Business/Economy; Education; Government; Politics
KEYWORDS: banking; gdp; regulation; unemployment
Regulations cost America $1.75 TRILLION and Dodd-Frank only 30% complete. And don't forget Obamacare with Sibelius issuing new rules and regs by the hours.
1 posted on 07/22/2012 11:25:36 AM PDT by whitedog57
[ Post Reply | Private Reply | View Replies]

To: whitedog57
I wonder does that include the circa US$375 BILLION per year spent on income tax compliance.

And that's not including the accumulated circa US$15 TRILLION in American-owned liquid assets sitting in financial institutions outside the USA for income tax avoidance reasons.

2 posted on 07/22/2012 11:30:45 AM PDT by RayChuang88 (FairTax: America's economic cure)
[ Post Reply | Private Reply | To 1 | View Replies]

To: whitedog57
Obama thinking: The cost of Federal regulation will go down as the private sector is taken over by MY government. Therefore, we should accelerate Federalizing everything possible...
3 posted on 07/22/2012 11:39:38 AM PDT by Truth29
[ Post Reply | Private Reply | To 1 | View Replies]

To: whitedog57

Can you name the four branches of gov’t?

Here, let me help you.

Executive, Legislative, Judicial and Regulatory.


4 posted on 07/22/2012 11:52:22 AM PDT by umgud (No Rats, No Rino's)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson