American Elephants


Overregulation Matters! Here’s Why, And How It Affects You. by The Elephant's Child
May 12, 2015, 6:34 am
Filed under: Politics | Tags: , , ,

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“Last week, 65 new final regulations were published in the Federal Register, the same number as the previous week. That’s the equivalent of a new regulation every two hours and 35 minutes.”

The American people send $1.4 trillion to Washington D.C. every year in individual income taxes. Big numbers are inclined to leave us somewhat numb. It’s very big, but we can’t really relate. Yet we send even more to Washington for another obligation that never shows up on our tax returns. The annual cost that is imposed on us by federal rules and regulations adds up to nearly $1.9 trillion. That burden works out to a staggering $14,976 per household per year. It’s hidden in the costs you pay for the goods and services you use.

Nobody objects to the ruling about a railing at the edge of the stairs so you aren’t apt to fall, but when the federal government decides that the calorie count of each ingredient in your pizza must be posted in your favorite pizza parlor—think of the cost when every restaurant in a chain must now make and post a sign with who knows how many ingredients. And then all Americans must be policed to be sure you are following the rules. The cost of American rules now exceeds the Gross Domestic Product of Canada.

President Obama has racked up the two highest annual totals in U.S. history, exceeding 81,000 pages in 2010 and 2011. A “major rule” is one that has an economic impact of $100 million or more. Mr. Obama has averaged 81 major rules a year so far. Regulations are more burdensome for small employers than big companies, but regulations can even put small businesses out of business. If you wonder why the economy is doing so poorly, or why there is still so much unemployment, there you go.

It all sounds very abstract, and it’s hard to understand how it relates to us. Those who are so sure of their own superiority cannot resist the urge to try to fix the American people. In their demand for equality for everyone, they find it impossible to stop meddling. Republicans celebrate the free market, recognizing that millions of decisions about buying and selling, coveting and hating work out to different language — the wisdom of crowds. That’s why Progressives hate the free market. They can’t control it. Who knows what the stupid people might do.


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