-By Warner Todd Huston
There is a lot of talk about the high cost of regulations (in fact, a lot of talk from me about them). But how do you put a number on that cost? Well Sam Batkins of the American Action Forum has been keeping a running tab not only on the high cost of the regulations themselves but also the man hours it takes Americans to implement them and the cost is staggering.
Every Friday Batkins reviews that week’s new regulatory onslaught, makes his calculations and thus far Obama’s regulatory juggernaut is costing Americans $84.8 billion bucks. But that isn’t the last of what it will cost Americans. In order to implement these regulations, to make sure business and individuals are following the rules, it will cost Americans 88.2 million annual man hours to do the paperwork, file the reports, and follow the Internet-based reporting procedures in order to satisfy the rules.
Imagine this burden of worker’s time wasted just to make sure we follow regulations! It is obscene.
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Obama’s Regulations So Far Cost Us $84.8 Billion And Climbing Weekly”
The now thankfully former Speaker of the House Nancy “San Fran Nan” Pelosi said in a recent interview that a Boeing plant in South Carolina should either unionize or be shut down by the iron fist of government. So much for America being the land of the free, eh?
Apparently some of the folks slaving away to cook politically correct meals for the participants of Occupy Wall Street are sick and tired of working themselves to the bone for homeless people, criminals, and other freeloaders who are eating their food. This is called being mugged by reality.
On Friday I attended an informative business roundtable meeting of Chicago-area small businessmen who came together to discuss how government intervention and its avalanche of regulations are killing jobs and businesses not only in Illinois, but nation wide. Some of the stories were chilling, to say the least. These trials go to show how anti-business the most famously capitalist country in the world has become. No wonder we can’t get out of this second great depression!
The event was held at the headquarters of The Rabine Group in Schaumburg, Illinois. The Rabine Group is a group of nationwide companies that specializes in driveway paving, roofing, and other contracting work. The company is headed by owner and CEO Gary Rabine.
John Tillman, CEO of the Illinois Policy Institute, penned an op ed in the Chicago Tribune touting what he claims is the
On November 8, Ohioans will go to the polls to vote on a series of ballot initiatives, among them Issue 2.
Barack Obama made a big show in 2008 of attacking evil Washington lobbyists. He campaigned on “change we could believe in” and aimed one of those things to believe in at
A small business named Nice Cream found that government wasn’t very nice to its bottom line. In fact, due to its heavy hand, government froze the company into nonexistence. So much for everyone loving ice cream!