News Flash! Government regulations are STRANGLING the U.S. economy.
According to the Small Business Administration, total regulatory costs amount
to about $1.75 trillion annually, nearly twice as much as all individual income
taxes collected last year.
The government admits there are 4200 new rules or
revisions already in the pipeline.
Why do we need 4200 new rules? Why?
Why do we need 4200 new rules? Why?
In their book, “Red
Tape Rising: Obama-Era Regulation at the Three Year Mark”, James Gattuso
and Diane Katz detail how the Obama Administration has imposed new regulations
costing $46 billion annually, with nearly $11 billion more in one-time
implementation costs. That is about five times the cost of regulations imposed
during the first three years of President George W. Bush’s administration, but
the burden is even higher.
In January 2011, President Obama said that “rules
have gotten out of balance” and “have a chilling effect on growth and jobs.”
And Obama's right. But that's as far as he goes, and where he breaks with
reality is his pledge for a get-tough policy on overregulation and a
comprehensive review of regulations imposed by Washington .
In fact, as you listen to President Obama tell the story, you would think he’s a champion of slashing red tape and that his Administration has set its sights on slashing over-regulation. Obama's 10,215 regulations enacted in his first three years in office have greatly added to the drag on theU.S. economy as well as loss of
jobs. BTW, I am no friend of the Bush administration and their added
regulations. Bush did not reign in the EPA, the Interior Dept, the Army Corps
of Engineers, or OSHA. So in that sense, I consider Bush a failure when
it comes to cutting government red tape.
In fact, as you listen to President Obama tell the story, you would think he’s a champion of slashing red tape and that his Administration has set its sights on slashing over-regulation. Obama's 10,215 regulations enacted in his first three years in office have greatly added to the drag on the
Do you have chronic back pain? File a claim and start collecting disability. Is this a great country, or what?! |
Here's an example of the idiocy of federal regulations. The Americans with Disabilities Act (Thank-you George Bush Sr. for burdening us with this albatross!) in 2008 vastly expanded the definition of disability to include:
- people with diabetes (most of western Kentucky)
- depression (most of the U.S)
- heart disease
- difficulty standing, sitting, reaching, lifting, bending, reading, concentrating
This list pretty much includes most of the U.S. Did you
know you were disabled? What are you doing at work reading this? Don't you know
there is a disability claim that you could be making and you could be sitting
at home enjoying those monthly disability checks.
The new regulations that were enacted in 2008 require
contractors with more than 50 employees to document the specific reason why
each disabled applicant was not hired. Every contractor is REQUIRED to have a
quota of 7% disabled.
The Associated General Contractors of America , a
construction industry lobby, has long complaiend that many construction craft
positions are inherently unsuited and too perilous for physically disabled
applicants. But the government usually scorns common sense.
In 1994, the U.S. govt. penalized and barred Kentucky's Commonwealth Aluminum Corp from federal contracts for REFUSING TO HIRE applicants with SERIOUS BACK INJURIES (in caps, because if I were speaking to you in person, I'd be screaming this out loud so you wouldn't miss the point!). The following year, the U.S. Govt punished Jack Kelley Trucking in
This is our government and its stupid regulations which lack
any common sense whatsoever and drive up the cost of doing business $1.75
trillion annually!
Just a reminder that in November, if you vote for Obama, you're voting for more regulations, political-correctness, less common sense, and fewer jobs because of regulation strangulation. If you consider the Internet as a vast frontier of freedom, watch out. Obama wants to regulate the Internet as well. Obama never met a regulation he didn't like.
If you vote for Romney, you are voting for the candidate who
has promised to cut regulation on day 1. I believe he will do that, but we need
a Republican house and senate made up of radicals like Marco Rubio, Rand Paul
and the soon to be elected, Ted Cruz (from Texas) who will help to hold
Romney's feet to the fire because I don't think he planning to cut out all the
foolishness like what we have here in the ADA, as well as EPA, etc. We have
thousands of regulations that need to be SUNSET-ED, and revisited
one-by-one to determine if they are truly necessary and what their impact is on
the U.S.
economy and job creation!
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