American Elephants

Are We Sheep, Or Are We Not? by The Elephant's Child

Now pay close attention. Liberals tell us that regulation creates jobs. Pause and allow that to sink in. In the endless debate about how to put unemployed Americans back to work, there is one solution —deregulation— that never gets mentioned by the media, yet if implemented correctly, could provide an almost cost-free stimulus of a trillion dollars or more.  According to the Small Business Administration (SBA), the regulatory burden on our economy is a staggering $1.75 trillion annually.

Last October, Barbara Boxer explained carefully that not only do EPA rules protect the environment, they are an engine of economic growth. Somebody has to do the work of complying with the rules and “industries that provide environmental protection” Boxer’s report says, have “created more than a million jobs.” 54.000 jobs will result from tougher auto fuel economy standards, and as an added bonus, EPA rules provide “business with the opportunity to develop, construct and sell new and cleaner products.” Is that perfectly clear?

On September 30, the Washington Times reported that new greenhouse gas regulations from the EPA will, according to court filings, require the hiring of 10,000 new state level bureaucrats to process permit applications.  At the federal level, it is estimated that 230,000 new hires will be required. Liberals don’t understand why federal jobs don’t count. They have never understood that there in no government money, but only taxpayer money. Government money has no real limits. If they need more, they just raise taxes. You see how it works.

The CEO members of the Business Roundtable were in the nation’s capitol just this last week, trying to explain to members of Congress that regulations were a problem that weighed heavily on business. They listened, but they did not hear. Businessmen have been bringing this message to Washington for nearly four years now, but it does not compute.

During its first three years in office, the Obama Administration unleashed 106 major regulations that increased regulatory burdens by more than $46 billion annually, and nearly $11 billion in one- time implementation costs.  This is about five times the amount imposed by the Bush administration in their first three years. Hundreds more pages of regulations are being added to the Federal Register which stem from the dreadful Dodd-Frank financial regulation statute and from metastasizing ObamaCare.

The regulatory burden harms everyone.  Each regulation involves costs and consequences that are poorly understood by the issuer. Neither Congress nor the Administration keeps track of the number of regulations, their cost, nor their economic impact. During 2011 the Obama administration completed a total of 3,611 rulemaking proceedings, according to the Federal Rules Database maintained by the GAO, of which 79 were classified as “major” meaning that each had an expected economic impact of at least $100 million per year. Regulations adopted in 2011 cost Americans around $10 billion in new annual costs. They don’t have a department for getting rid of excessive regulations, nor anyone in charge, nor any interest in doing so.

Maybe if each new rule had to come back to Congress and be voted on before they took the force of law, something would change.Maybe they need a formal committee for getting rid of regulations. Keep this in mind, and next time you have a chance let your legislators know that you are aware of the problem and looking for action. We can’t just be sheep standing around getting wrapped up in more and more constricting bonds. We’re getting painfully sheared, and we need to take notice.

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