Obama Drowning Business in a Sea of Red Tape

Discussion in 'Politics' started by madanthonywayne, Aug 21, 2011.

  1. madanthonywayne Morning in America Registered Senior Member

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    Despite the fact that our economy is teetering on the brink of a double dip recession, there is one job sector that is booming like never before: Federal Regulators! As the above image shows, federal regulators have enjoyed strong job growth (nearly four times that of the private sector) while the private sector sputters along. If the federal regulatory apparatus were a business, it would be the third largest in the country in terms of number of employees (and climbing).

    Some might question the wisdom of increasing the regulatory burden on business at a time of such stagnant growth and rampant unemployment. Indeed, there are currently more than 4,000 new regulations in the pipeline and an all time record 81,405 new pages were added to the federal register last year.

    In the first half of 2011 over $38 billion in new regulatory costs were added to US businesses, more than any other comparable period in US history. The total cost of regulations is estimated to be $1.75 trillion or about 12% of GDP.

    Small businesses, which typically create about 70% of new jobs in the US, are hit much harder than large ones. They lack the staff and deep pockets to efficiently deal with this sea of red tape and federal regulations are estimated to cost them over $21,000 per employee.

    When you consider all of this and then throw in the looming cost of Obamacare hanging over the heads of business like the Sword of Damocles, suddenly their reluctance to take on new employees doesn't seem so puzzling. As the French industrialist told Jean-Baptiste Colbert, "Leave us alone!" (laissez-faire)
     
    Last edited: Aug 21, 2011
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  3. Me-Ki-Gal Banned Banned

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    lets wait to see some Fuzzy Joe charts . Come on Joe you got to think that was funny . Lighten up it is only life. Don't sweat the small stuff . Everything is the small stuff . Morphy's other law
     
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  5. Repo Man Valued Senior Member

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    There was a lot of lost ground to make up for after eight years of Bush.

    http://www.georgewalkerbush.net/bigbusiness.htm

    He was relentlessly pro business.

    http://www.progressivereform.org/preemption.cfm

    His campaign contributors certainly got their money's worth.
     
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  7. spidergoat Liddle' Dick Tater Valued Senior Member

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    Of course businesses need to be regulated, the question is do the regulations make sense. To make a blanket statement that less regulation is automatically better is just a political move on the part of the right to eliminate all regulation that allegedly interferes with profit.
     
  8. Repo Man Valued Senior Member

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    Much, much more here, The Bush Legacy: An Assault on Public Protections
     
  9. Me-Ki-Gal Banned Banned

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    Kind of . How far do you take braking up monopolies for example . What about Antitrust accounts and the likes . So yes there are good laws that do govern business which is needed . Blanket laws that favor specific groups are wrong . They don't just come from republicans believe it our not . The Desecrates have there favorite crony's too . Whats up with these climate exchanges popping up all over the place . I seem to be finding Me self in a possession of power because of the W.F.H. thing . Kind of a smoke and mirrors business but hey what the hey if you got em smoke em . We think we can trade some carbon credits . Is that a hoot or what ? 4 years ago I didn't know what a carbon credit was now I gots some for sale . What a racket . You all should of told me long ago . O.K. O.K. I am starting to see how de niche businesses work . Right on ! Rock and roll
     
  10. Tiassa Let us not launch the boat ... Staff Member

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    It's kind of hard to take you seriously about anything these days

    Well, I don't see how an increase in the number of federal employees willing to suppress information about corporate violations of law and other ethical abuses is so dangerous to capitalists.
     
  11. joepistole Deacon Blues Valued Senior Member

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    Is it the charts that are fuzzy or your perceptions?
     
  12. joepistole Deacon Blues Valued Senior Member

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  13. Mrs.Lucysnow Valued Senior Member

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    LOL! My thoughts exactly!
     
  14. Repo Man Valued Senior Member

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    Clearly, any anecdotal evidence of poor/unjustified government regulations are just proof that all government regulation is bad, and that laissez faire dogma is correct. Remember the worker's paradise that was the nearly totally unregulated nineteenth century.

    Won't someone think of the poor corporations, forced to actually enforce existing regulations because someone had the temerity to actually hire enough inspectors to hold their feet to the fire?
     
  15. joepistole Deacon Blues Valued Senior Member

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    And then there was the small matter of turnning the Gulf into an oil cesspool because regulators failed to adequately regulate the oil industry. How much damage was caused by the oil disaster in the Gulf? How much did that little disaster cost the nation and its citizens?

    The fact is that even if your arguements are true, and that is a big if, what is the cost of failure to regulate and enforce? We have seen what Bush II era deregulation and enforcement brought - a world economy on the verge of collapse and unprecedented ecological disasters.
     
    Last edited: Aug 21, 2011
  16. spidergoat Liddle' Dick Tater Valued Senior Member

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    Madanthonywayne, what's going to happen when someone decides to buy your immediate neighbor's property and dump toxic waste there, and there's nothing you can do about it?
     
  17. Tiassa Let us not launch the boat ... Staff Member

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    Well, isn't that obvious?

    He'll blame the Democrats.
     
  18. joepistole Deacon Blues Valued Senior Member

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    Sad, but true.
     
  19. madanthonywayne Morning in America Registered Senior Member

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    That would be prevented by restrictive covenants, the health department, and IDEM with no need for federal intervention whatsoever.
     
  20. spidergoat Liddle' Dick Tater Valued Senior Member

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    So, you like regulation, so what's the difference? Maybe it's easier for a corporation to corrupt state politics?
     
  21. Ganymede Valued Senior Member

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    Wasn't it a lack of regulations that led to the near financial collapse a few years ago? I see you tea-baggers are against bailouts, but at the same time you're against any preventative measures that would curtail the probability of the bailouts occurring again.
     
  22. Tiassa Let us not launch the boat ... Staff Member

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    Because it's about hatred, not politics or governance

    That's because it isn't about the economy, or the nation, or any of that.

    It's about the fact that a Democrat with dark skin and a funny-sounding name is in the White House.

    No, really. A white Democrat would certainly face stiff and even mean-spirited opposition, but the GOP could not have cultivated the same kind of astroturf movement without the perpetual racism and tinfoil conspiracy theories.

    The Republicans are trying to destroy the country. They are so pissed off that Barack Obama won the White House that they will wreck the United States of America in revenge.

    And the whole time, conservatives keep trying to blame Obama for their own actions. Like how can any Republican complain about taxes without demanding of his own party an answer to why the congressional GOP has refused to extend a payroll tax cut?

    It's not about government or prosperity or taxes, or any of that. It's about the fact that Barack Obama is in the White House, and the GOP intends to make Americans pay a price for daring to elect him.
     
  23. superstring01 Moderator

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    /snort

    ~String
     

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