Wednesday, September 14, 2011

Ignore What He Says. Watch What He Does.

Oh, yah.  He said that he'd be 'reducing the regulatory burden.'


...The report says the Obama administration has "imposed 75 new major regulations costing more than $380 billion over ten years."  In addition, the report says there are 219 more "economically significant regulations" in the works which will cost businesses $100 million or more each year -- for a minimum cost of $21 billion over ten years.  The number of pages in the Federal Register, in which such rules are recorded, is increasing rapidly, the report says, and "pages devoted to final rules rose by 20 percent between 2009 and 2010, and proposed rules have increased from 2,044 in 2009 to 2,439 in 2010."...

Those costs can only have two effects:  increased prices or decreased profits.  While "decreased profits" are just fine-and-dandy for the ideologue Lefties, they are NOT so fine for people who own stock and/or receive dividends.  For example, your 401(k), or your State retirement fund.  On the "increased costs" side, it's easy to shrug it off--until you pay your electric bill next March.

And those new Bank-squishing 'swipe-fee' limits won't be very good for Bank employees, nor people looking for bank loans.

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