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Showing posts with label regulation. Show all posts
Showing posts with label regulation. Show all posts

Monday, April 5, 2010

Regulatory Trends in the Bush Years

http://www.heritage.org/Research/Reports/2008/03/Red-Tape-Rising-Regulatory-Trends-in-the-Bush-Years

Despite the claims of critics-and some supporters-of the Bush Administration, net regulatory burdens have increased in the years since George W. Bush assumed the presidency. Since 2001, the federal government has imposed almost $30 billion in new regulatory costs on Americans. About $11 billion was imposed in fiscal year (FY) 2007 alone.

Critics of Bush Administration regulatory policy have argued that budget cuts are evidence that restric­tions are being loosened. Yet according to an analy­sis by George Mason University's Mercatus Center and Washington University's Weidenbaum Center, appropriations for federal regulatory agencies have increased during the Bush years from $27 billion in FY 2001 to $44.9 billion in FY 2007-a 44 percent increase in inflation-adjusted dollars.[12] The total staffing of regulatory agencies went up nearly as much, from 172,000 employees to over 244,000- a 41 percent increase.

During the first seven years of the Bush presi­dency, 98 such major rules were promulgated by federal agencies. Of those, 75 (more than 10 per year) increased regulatory burdens on Americans. This is significantly less than the rate during the Clinton Administration, which adopted major increases in regulation at a rate of some 19 times per year from 1997 to early 2001.[19]

Although the Bush Administration imposed fewer new burdens on Americans, the total regulatory bur­den continued to increase in absolute terms. Com­pared to the 74 rule changes that increased regulatory costs, only 23 rule changes reduced burdens. In other words, for every case in which regulators reduced a burden, they increased burdens over three times.

Thursday, May 14, 2009

Red Tape Rising: Regulatory Trends in the Bush Years

http://www.heritage.org/research/regulation/bg2116.cfm

"Over 50 agencies ranging from the Animal and Plant Health Inspection Service to the Bureau of Customs and Border Protection have a hand in federal regulatory policy. Together, they enforce over 145,000 pages of rules."

"The federal government alone enforces thousands of pages of regulations that impose a burden of some $1.1 trillion—an amount that is comparable to total federal income tax receipts."

Obviously, some of these regulations are necessary, but one way to cut government spending and increase economic activity is to remove the unnecessary red tape.

Sunday, March 22, 2009

Obama to seek oversight of 'executive pay at all banks, Wall Street firms and possibly other companies'

http://www.iht.com/articles/2009/03/22/america/22regulate.php

Well, you wanted change, here you go, the the totalitarian kind. I find this kind of intervention absolutely abhorrent given that it was government meddling in the first place that got us into this mess.

We now have a government, OUR government, dictating to supposedly private sector businesses what they can and cannot pay their executives. Something that the main stream media failed to present about those AIG bonuses is that many of them were incorporated in retainer contracts. These contract bonuses (which the government allowed by the way in the first bailout bill) helps a company to retain their highest performing talent. Most of the executives that aided in this mess are long gone and these bonuses were for the people trying to stop the hemorrhaging. What a welcome message to them, courtesy of the US Government.

You just wait, right now the government's wrath is on Wall Street. What happens when they decide that the way your company is running things isn't in the "best interest" of the country. Fear-mongering...maybe, but mark this date and this week as another potential turning point.

This country is of, by, and for the people. The government works for us, not the other way around. Stand up people and say enough is enough. What makes you think that their ideas are any better than yours? These politicians are only there because they won an election, not because they are subject matter experts. Start making noise. As Samuel Adams once said:

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men."