Posted on 09/13/2011 6:41:19 AM PDT by SeekAndFind
President Obama’s speech this past week should have been labeled, “Believe what I say, not what I do.” All too much of the speech was devoid of reality. At one point he said, “And I agree there are some rules and regulations that put an unnecessary burden on businesses at a time when they can least afford it. That’s why I ordered a review of all government regulations. So far, we’ve identified over 500 reforms, which will save billions of dollars over the next few years.”
The reality is far different. There are thousands of new regulations that have either been implemented or are under consideration that have'nt been subject to meaningful or rigorous cost-benefit analyses.
Obama may have ordered the folks in his administration to do real cost-benefit analyses, but the fact is that those who are in charge of actually doing them frequently fail to do so. On Thursday, Nancy A. Nord, a commissioner and former chairman of U.S. Consumer Product Safety Commission (CPSC), wrote a letter to Cass R. Sunstein, Mr. Obama’s regulatory czar, in which, referring to the current chairman of the CPSC, she said, “While the chairman’s letter would have you believe that we are enthusiastically implementing the president’s executive order, such is not the case. With a proper analysis, this agency can construct rules that advance safety without undue economic impacts and without delay. That result requires efforts on our part but unfortunately, the majority here has shown no interest in making those efforts.”
It is not just the CPSC that is failing to do proper cost-benefit analysis and issue regulations in a clear and understandable way - this is equally true of the banking, health care, environmental and energy regulators. Millions of Americans are without jobs solely because of regulatory incompetence or worse.
(Excerpt) Read more at washingtontimes.com ...
I present before you folks, another item that Obama is doing that many people are not aware of — INVESTMENT POLICY IN CONJUNCTION WITH THE IRS that will drive needed foreign capital away further.
As the article states:
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the Treasury Department and the Internal Revenue Service (IRS) are engaged in an active program that will drive hundreds of billions of dollars of foreign investment out of the country. More direct foreign investment comes from Switzerland into the United States than from any other country, which means that the Swiss create more American jobs than any other country. So, what does the Obama administration decide to do? Attack Switzerland.
Things that are illegal under our tax law are not necessarily illegal under the Swiss tax law. Every sovereign country has the right to devise its own laws, including tax laws. Yet, the Justice Department and the IRS are the process of suing many Swiss banks for the crime of following Swiss tax law inSwitzerland. How would Americans react if the country of Saudi Arabia started suing U.S. corporations for not requiring American female employees to be veiled? If we claim the right to extend our laws outside our borders, do not other countries have an equal right to extend their laws outside of their borders - and into the United States? Some of the Swiss banks are reacting to this outrage by refusing to take any U.S. clients or invest any money into the United States, so we end up losing millions of jobs. The endangerment of a constructive relationship with the largest direct foreign investor into the U.S. in order to catch a few tax cheats shows that officials in the IRS and the Treasury Department are devoid of reality.
I sincerely doubt that his intentions are honorable and believe he knows his policies will have the opposite effect of what they’re advertised, because that is his objective. He is looking to destroy America so that he and his socialist buddies can rebuild it in their Utopian views, which are directly opposed to what this country was founded on. He must therefore not just be stopped in congress and next year at the ballot box, he must be impeached and put on trial for treason.
Funny, you are not the only person I have heard or read at FR who is saying this.
Talk Show host Michael Medved on the other hand, seems to still believe that Obama sincerely wants the economy to improve, although his policies are ideological and misguided.
“Heh, Shovel-ready, umm, was not as shovel-ready, umm, as we expected,” Obama snickered.
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