Skip to comments.Our Overregulated Economy: Murder By 1,000 Paper Cuts
Posted on 09/20/2011 3:32:46 PM PDT by Kaslin
Overregulation by President Obama and his administration is crippling our nation's economy.
By the government's own estimation, the annual cost of regulations is $1.75 trillion. Since taking office, the Obama administration has instituted 75 new major regulations, meaning that each has an expected economic impact of at least $100 million per year. Over a 10-year period, these regulations will cost the private-sector over $400 billion.
Keep in mind these are government cost estimates, and we all know how actual costs are often much higher.
Additionally, according to a private study by George Washington University, federal outlays for developing and enforcing regulations are expected to grow by 4%, from $46.9 billion last year to $48.9 billion this year.
Is it any wonder that the unemployment rate is stuck at over 9%? Obama's jobs initiative might best be summed up: growing government and increasing the number of federal regulators.
What's worse, while these regulations cost businesses, the price is ultimately passed along to American families and individuals who are struggling to make ends meet.
All the while, the president offers the same tired "solutions" he advocated over two years ago: expanded government, more deficit spending, a ballooning debt, tax hikes and increased government regulation. None of these so-called solutions has proven successful.
The $800 billion two-year stimulus that Obama and the Democrat-controlled Congress passed in 2009 failed to jumpstart the economy and help people get back to work. His new $447 billion proposed second stimulus will likewise fail.
(Excerpt) Read more at investors.com ...
This overregulation will grind our economy to a halt.
Regulations to pay lifetime unionized bureucrats to cause business (their bosses) to pay fees, licenses and adhere to regulations dreamt up to create money to pay for the useless Government.
It’s theft and should be dealt with with the same force.
So what are Republicans doing about it? It seems like every day Obama signs some new regulation or executive order. Of course there is already Obamacare hanging like the Sword of Damocles. The job of every elected representative in Congress is to be fighting, overturning, reversing, or whatever the legal word is, every single one of these fiscal atrocities. This is life or death, they should be sleeping in their offices and doing nothing but working for the American people! But part of the problem is the majority of the American people seem a bit dense that they have an imminent crisis?
“But part of the problem is the majority of the American people seem a bit dense that they have an imminent crisis?”
Americans have developed a nasty habit of avoiding anything ‘unpleasant’ and want someone else to deal with these things for them. Our politicians are paid to make difficult decisions to do what is in the country’s best interest, but even they want to wash their hands of problems and shove it onto someone else. No one wants to be the adult anymore.
Just the costs associated with regulations/edicts shutting down gulf oil production , and regs doubling the price of coal and therefore bumping my electric rates blow the gov’t cost estimates out of the water.
This is a very important issue for 2012 - on the same plane of importance as unemployment and repealing ZerosCare. Thank you for posting it.