Can anyone guess why we have no recovery?

Posted by: Barthélemy Barbancourt

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If the federal government's regulatory operation were a business, it would be one of the 50 biggest in the country in terms of revenues, and the third largest in terms of employees, with more people working for it than McDonald's, Ford, Disney and Boeing combined.

Regulatory agencies have seen their combined budgets grow a healthy 16% since 2008, topping $54 billion, according to the annual "Regulator's Budget," compiled by George Washington University and Washington University in St. Louis.

The Obama administration imposed 75 new major rules in its first 26 months, costing the private sector more than $40 billion, according to a Heritage Foundation study. "No other president has imposed as high a number or cost in a comparable time period," noted the study's author, James Gattuso.

The number of pages in the Federal Register — where all new rules must be published and which serves as proxy of regulatory activity — jumped 18% in 2010.

This July, regulators imposed a total of 379 new rules that will cost more than $9.5 billion, according to an analysis by Sen. John Barrasso, R-Wyo.

I know that liberals don't want to hear it, but Obama, Pelosi and Reid are the three horsemen of our business apocalypse. They have enacted so many new laws that businesses are canceling new projects and giving up on growth in America.

As a person that helps businesses deal with Federal regulations, you'd think that times would be good, but you'd be wrong. Initially businesses ramped up to deal with the onslaught of new laws, but then the economy stayed in the tank and the next wave of Rules & Regs hit with beefed up enforced so many companies raised the white flag and canceled new projects. Most companies are in holding patterns right now, just trying not to lose products that had been previously approved. They all see growth opportunities OUS, so there is where the hiring is occurring.

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TomC
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written by TomC , August 17, 2011

It's the passive-aggressive period of American Politics. Encourage you forward while restraining your legs. Aurther Blank, one of the founders of Home Depot, has said a number f times that it would be impossible to start a Home Depot today specifically because of regulations.



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