Posted on 09/25/2009 9:58:45 AM PDT by NormsRevenge
Sacramento - -- Regulations on small businesses in California have cost the state's economy $492 billion and 3.8 million jobs, according to a report quietly released by Gov. Arnold Schwarzenegger's office this week.
Republicans in the Legislature have pounced on the findings and on Thursday called the report the "smoking gun" that proves lawmakers are killing the state's economy through burdensome government mandates. But Democrats and at least one capital think tank are highly skeptical of the accuracy of the findings.
The 84-page report does not specify which regulations were studied and relies on data collected largely by Forbes.
Citing the report, Republicans said the state should suspend implementation of Assembly Bill 32, California's greenhouse gas reduction plan championed by the governor, along with all other new regulations.
"We are protecting ourselves literally to death," said Assemblyman Roger Niello, R-Fair Oaks (Sacramento County), at a Capitol news conference held by Republicans to call for action, including legislative hearings and further study to determine costs, or benefits of specific regulations.
The report, authored by Sanjay B. Varshney, the dean of the business school at California State University Sacramento and Dennis H. Tootelian, a marketing professor at Sacramento State, totaled the "direct, indirect and induced" costs of regulation to calculate the $492 billion figure. It found the cost of regulation was $134,122 per small business in 2007 and caused about one job loss per small business.
(Excerpt) Read more at sfgate.com ...
Working together since 2003 to destroy this state.
We shouldn’t forget about environmental regulations that put fish first.
DUHHHHHHH....
No, really? Lots of mental giants in CA.
We can all thank the green weenies in this damn state for this disaster!....The way these idiots have screwed the California economy will leave only the very rich and the very poor here....
SURPRISE! SURPRISE! SURPRISE!
Elect a Kennedy as Governor, and what else can you expect?
They really needed this report to tell them this? This is a big DUHHH, and you are so right on the Environmental Regulations.
These people need real jobs so they can experience the regulatory environment firsthand.
Well, duhhhhh!
This tells you the idiocy of our so-called investment bankers. The difference between investing in machines and people to produce goods and services that customers voluntarily part with good money to acquire, and holding up the economy paying folks an income stream for churning paper work and obstructing productive activities are so fundamental to understanding how to invest money that it is no wonder our economy has gone on the skids.
And the rich will have an even larger burden on them for taking care of the poor.
What a bunch of morons...remember when there was such a thing as “accountability”?...Those were the good ol’ days.
This is the type of crap that will happen to the rest of the country if those libtards in Congress have their way.
Ugh
LOL!
Malibu doesn’t have me to kick around anymore. I sure miss the ocean, but all is well, because Spielberg will stay in Pacific Palisades, and Martin Sheen will still live in Pt. Dume.
I left in 2004, after living there for over 40 years.
Don’t miss much- just one favorite place to ride my horses.
We shouldn’t forget about environmental regulations that put fish first.”
The head of the group that pushed that lawsuit is Robvert Kennedy JR- Maria’s first cousin. He is a total trust fund putz, imo.
The John Galts have been packing their bags for quite a while.
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