Posted on 05/20/2012 6:05:14 AM PDT by Kaslin
"But, in the world nothing can be said to be certain except death and taxes."
Ben Franklin
If Ben Franklin were around today, he would likely amend the above statement to include the certainty of government regulation. A new report by the Heritage Foundation says that in today's America, regulation costs are a far greater burden than taxes. If the current trend of rapidly increasing regulatory burden by the Obama Administration continues, it will hasten the death of the once great American free-market economy.
According to a newly released Heritage Foundation analysis, the annual cost of federal regulations ($1.752 trillion) is 83% greater than the entire revenue expected to be collected from federal individual income taxes for 2011 ($956 billion).
There is broad agreement that the U.S. Corporate tax rate – the highest of developed nations in the world – is an inhibitor to badly needed job creation and economic growth. Even Barack Obama has given lip-service to lowering the excessively high 35% business tax rate. However, the cost of regulation is 8.8 times greater than the total corporate tax revenue ($198 billion) collected in 2011.
Obama has made a habit of demonizing the "huge profits" of corporations, particularly energy companies. But, consider this: Annual regulatory costs exceeded the total combined pre-tax profits of American corporations by more than $400 billion in 2009, the pit of this recession. With profitability returning somewhat in recent months, analyst's current projections suggest regulation cost and pre-tax profit are currently roughly equal.
Compared to the cost and impact of taxes, regulation gets relatively little attention, but it is like a cancer to the economy – a stealth killer – that grows and grows, dragging down the body until it just can't take anymore and finally succumbs. Instead of attacking the regulatory cancerous tumor and shrinking it, under the Obama Administration new regulations have exploded, and he is forever calling for more.
At a time when more than 20 million Americans are out of work or underemployed and the U.S. economy is stuck in neutral, Barack Obama has paradoxically ramped up regulation rather than provide relief. The federal register now exceeds 80,000 pages of government commandments we all must follow. Already bloated regulatory agency budgets exploded by 16% in 2010 and hiring increased by 13%.
Hundreds of new regulations have been promulgated and 4200 more are "in the pipeline," and that doesn't count the vast majority of ObamaCare, Dodd-Frank, and much more of Obama's "transformational agenda" that is in the works. Predictably for this President, the morning headlines say yet again that he is calling for – you guessed it – more regulation. As always, he says government must save us from our evil selves. It will help us "keep moving forward," he believes.
The only direction Barack Obama has America moving is toward a cliff. Our great nation desperately needs a course correction, and we pray it comes on November 6, 2012 with the election of Mitt Romney.
Shakedown.
Mafia.
Local, state and federal regulators are a cancer on society. They are a group of unelected anti business activists who can write and impose regulations at will.
Make Congress read and approve every single regulation, line by line.
That should get Washington off our backs and let the rest of us get on with things!
Thanks Kaslin.
You would think that labor unions might belatedly conclude that this is why corporations are exporting jobs overseas. High paying manufacturing jobs are are generally found in larger corporations because the high paying jobs are more likely than not capital intensive and scale dependent which reduce shipping costs thereby making manufacturing abroad all the more attractive.
Ineptocracy.
OBAMA'S CZARS There are very few of us who know just what all of Obama's Czars do, as they quietly go about their "work" in the nation's capital. This listing of their names and job descriptions should be educational to all Americans, no matter what your political leaning. See who they are and realize what they want to do:
Richard Holbrooke - (recently deceased) Afghanistan Czar Ultra liberal anti-gun former Governor Of New Mexico. Pro-Abortion and pro- drug legalization. Wants to dissolve the 2nd Amendment
Ed Montgomery - Auto recovery Czar Radical anti-business black activist. Affirmative Action and Job Preference for blacks. University of Maryland Business School Dean; teaches that US business has caused world poverty. ACORN board member. Communist DuBois Club member.
Jeffrey Crowley - AIDS Czar Radical Homosexual. Gay Rights activist. Believes in Gay Marriage and a Special Status for homosexuals only, including complete free health care for gays.
Alan Bersin - Border Czar The former failed superintendent of San Diego. Ultra-Liberal friend of Hillary Clinton. Served as Border Czar under Janet Reno - to keep borders open to illegals without interference from the Federal government
David J. Hayes - California Water Czar Senior Fellow of radical environmentalist group "Progress Policy". No training or experience in water management whatsoever.
Ron Bloom - Car Czar Auto Union worker. Anti- business & anti- nuclear. Has worked hard to force US auto makers out of business. Sits on the Board of Chrysler which is now Union-owned. How did this happen?
Dennis Ross - Central Region Czar Believes US policy is the cause of war in the Middle East. Obama apologist to the world. Anti-gun and completely Pro-Abortion.
Lynn Rosenthal - Domestic Violence Czar Director of the National Network to End Domestic Violence. Vicious anti-male feminist. Supports male castration - imagine?
Gil Kerlikowske - Drug Czar Devoted lobbyist for every restrictive gun law proposal, former Chief of Police in liberal Seattle WA. Believes no American should own a firearm. Supports legalization of all drugs.
Paul Volcker - Economic Czar Former head of the Federal Reserve under Jimmy Carter when US economy nearly failed. Obama-appointed head of the Economic Recovery Advisory Board which engineered the Obama economic disaster to US economy. Member of anti-business "Progressive Policy" organization.
Carol Browner - Energy and Environment Czar Political Radical. Former head of the EPA - known for anti-business activism. Strong anti-gun ownership.
Joshua DuBois - Faith-Based Czar Political Black activist. Degree in Black Nationalism Anti-gun ownership lobbyist. WHAT THE HELL DOES A FAITH BASED CZAR DO ? ? ?
Cameron Davis - Great Lakes Czar Chicago radical anti-business environmentalist. Blames George Bush for "Poisoning the water that minorities have to drink." No experience or training in water management whatsoever. Former ACORN Board member (what does that tell us?)
Van Jones - Green Jobs Czar (since resigned). Black activist with strong anti-white views. Member of American Communist Party and San Francisco Communist Party. Said George Bush caused the 9-11 attacks and wanted Bush investigated by the World Court for war crimes.
Daniel Fried - Guantanamo Closure Czar Human Rights activist for Foreign Terrorists Believes America has caused the Global War on Terrorism. Believes terrorists have rights above and beyond Americans.
Nancy-Ann DeParle - Health Czar Former head of Medicare / Medicaid. Strong proponent of Healthcare Rationing (i.e. "Death Panels"). She is married to a reporter for The New York Times.
Vivek Kundra - Information Czar Born in New Delhi, India. Controls all public information, including labels and news releases. Monitors all private Internet emails. (HELLO?)
Todd Stern - International Climate Czar Anti-business former White House Chief of Staff. Strong supporter of the Kyoto Accord; pushing hard for Cap and Trade. Blames US business for Global warming. Anti- US business prosperity.
Dennis Blair - Intelligence Czar Retired US Navy. Stopped US guided missile program he described as "provocative". Chair of ultra-Liberal "Council on Foreign Relations" which blames American organizations for regional wars.
George Mitchell - Mideast Peace Czar Fmr. Sen from Maine Left wing radical. Has said Israel should be split up into "2 or 3 " smaller more manageable plots". (God forbid) A true Anti-nuclear anti-gun & pro homosexual "special rights" advocate.
Kenneth Feinberg - Pay Czar Chief of Staff to Ted Kennedy. Lawyer who got rich off the 9-11 victims payoffs (horribly true).
Cass Sunstein - Regulatory Czar Liberal activist judge who believes free speech needs to be limited for the "common good"; essentially against the 1st Amendment. Has ruled against personal freedoms many times on private gun ownership and right to free speech cases. This guy has to be run out of Washington ! ! !
John Holdren - Science Czar Fierce ideological environmentalist, Sierra Club anti-business activist. Claims US business has caused world poverty. No Science training.
Earl Devaney - Stimulus Accountability Czar Spent career trying to take guns away from American citizens. Believes in Open Borders to Mexico. Author of statement blaming US gun stores for drug war in Mexico .
J. Scott Gration - Sudan Czar Native of Democratic Republic of Congo. Believes US does little to help Third World countries. Council of foreign relations, asking for higher US taxes to support United Nations.
Herb Allison - TARP Czar Fannie Mae CEO responsible for the US recession by using real estate mortgages to back up the US stock market. Caused millions of people to lose their life savings.
John Brennan - Terrorism Czar Anti CIA activist. No training in diplomatic or gov. affairs. Believes in Open Borders to Mexico and a dialog with terrorists and has suggested Obama disband US military. A TOTAL MORON!!!!!
Aneesh Chopra - Technology Czar No Technology training. Worked for the Advisory Board Company, a health care think tank for hospitals. Anti-doctor activist. Supports Obama Healthcare Rationing (i.e. Death Panels) and salaried doctors working exclusively for the Government Healthcare plan.
Adolfo Carrion Jr. - Urban Affairs Czar Puerto Rico-born Anti-American activist and leftist group member in Latin America. Millionaire "slum lord" of Bronx, NY. Owns many lavish homes and condos which he got from "sweetheart" deals with labor unions. Wants higher taxes on middle class to pay for minority housing and healthcare.
Ashton Carter - Weapons Czar Leftist. Wants all private weapons in US destroyed. Supports UN ban on firearms ownership in America. No other "policy".
Gary Samore - WMD Policy Czar Former US Communist. Wants US to destroy all WMD unilaterally as a show of good faith. Has no other "policy"
Regulation == unfunded mandates
The battle of ideas must be engaged by those who are passionate about liberty, or the forces who have assembled to impose their version of "change" will prevail and put out the light of liberty symbolized by Bartholdi's lady in the harbor.
Calling this President--who has systematically assembled his "army," as evidenced by the names and philosophies of those identified herein--just "a nice guy who is in over his head" is naive and unworthy of the kind of leader who must help to restore America's foundations in liberty.
There is no "moral equivalency" between the ideas of liberty and the ideas of tyranny. "Ideas have consequences" (Weaver).
regulations have a negative effect on real wage rates and capital accumulation by reducing relative demand for and production of capital goods, and the productivity of capital goods
That’s perfect. Thank you.
And credentialing creep.
One needs a credential, which is at least some courses, but usually a degree, in order to anything from hairdressing, to childcare, to nurses aid .... and so forth.
All are extremely regulated.
Now physical therapists need to be doctorates. and lots other too. NPs now need doctorates. And neither would need doctorates in the scope of their practice.
Happens in all fields. Expect that plumbers to need ADs soon. Unreal.
Once they can require credentials, the state can regulate who can work and who cannot work. And whether you can work.
Goals 2000 came true through collusion of the Education Bureaucracy and the Regulatory bureaucracy.
Its just Government outsourcing it’s incompetence.
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