Federal regulations continue to multiply
All-Star panel weighs in
- Duration 6:19
- Date Dec 26, 2012
All-Star panel weighs in
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Back with the panel our next segment is on the government regulations and how in many people in the business -- feel that they constrict.
The growth of the economy listen up to President Obama from for every -- -- 2011.
I've ordered a government wide review.
Whatever rules on the books.
That are needlessly stifling job creation and economic growth we will Wexler.
Well have they've been fixed go to the web site.
Regulations dot gov a federal government website and look at the latest regulations that have been posted just today.
Seven days ago 356.
Regulations that it was in the last fifteen days 982.
In the last thirty days 2032.
Regulations and over the last ninety days 5745.
Regulations and in in many cases each of these regulations.
Are several hundred pages.
This is a problem -- -- itself but you add to that that the comment period which is mandated in law six sixty day comment period.
Has been shortened down under the Obama -- the 45 days and even a for a shorter come period.
Well I think it's at so many levels is a problem first of of the volume.
As you indicate which is sort of overwhelming if your small business.
You have no idea what's gonna happen with your health care costs your taxes.
And all the other regulations the second is the is sort of intrusiveness of all this.
And the fact -- -- it really -- small business who don't have the lawyers and the account -- in the sharp.
-- the former.
Who can work your way around the regulations.
-- -- that the lack of of being open about it.
The administration has a short comment period.
We supposed have sixty days by executive order and united getting it.
Which means essentially these the executive runs this and lastly you get the arrogance -- the administration.
Essentially enacting legislation on its own through regulation the way it did.
The DREAM Act in the way you did in stripping away.
The work requirement.
Reform of welfare.
So all of these things happen unilaterally I think a lot of them I think are actually illegal and unconstitutional but even if they are.
The constant institutional they are incredibly destructive of small business but maybe that does this is a pendulum that swings to and fro.
-- -- -- Right I mean I want to start by saying that that is what businesses had to deal with before the health care a lot of it begins to take effect and that will be regulatory -- to be -- They spent a year and a half -- the obstruction of both parties.
-- facing unprecedented uncertainty over their tax rates and everything out and have not been able to invest in hiring a new job so.
That layered on top of -- of a regular.
It at exponential growth of the new regulations.
He's really it is really at a disastrous situation given that we're so starved for for new growth.
It is a pendulum that swings we all remember Democrats and environmentalists complaining throughout the eight years of the bush last -- Bush Administration.
About -- loosening of clean air and water regulations.
And all the polluting.
-- a work.
Railing about -- largely unnoticed because the public is not this is that an executive power afforded every.
Administration and executive branch largely out of the spotlight from the public it's not something the public is in forms itself about.
Comments so -- Republicans will make an effort when they get back into deregulate.
As much as they can when they controlled the White House.
Again but but Obama -- is really going to be a new confronts.
In in a stranglehold of regulation on businesses as you know we're already trying to do the best they can convince employees.
To take stipend or not.
Beyond health care rolls really going to be a new.
A new level that we haven't number -- don't.
And three things are going on -- once which I think is gonna make this is an impressively.
Heavy regulatory burden on the out on the economy unfortunately what is obamacare massive piece of legislation.
Tentacles everywhere into the economy different sized businesses all the health care providers so that's going to be justice stream as -- racing of regulations coming out.
Then there's Dodd-Frank the big financial reform legislation incredibly -- huge discretion.
And so there are a lot of regulations and a huge amount -- number of fights about the regulations for you so much is at stake.
And no one quite knows that the legislation they are like Obama cares very specific and is leading to a huge number regulations -- frank is very vague.
As -- we future the number of regulations.
-- in the environmental area.
-- -- Obama administration did not succeed in getting -- and its legislative wish -- fast they're just doing a lot of that through the EPA.
In a regulatory way you put it all together and I mean I actually think the US economy if people which is -- back a little bit it probably -- take awful hope that we have this incredible energy.
Discovery's we have you know we've had a slow growth and -- -- 34 years of a lot of investment on the sideline ready to go.
And honestly it's not in president Obama's interest to stifle the economy he just pulls back some home I suspect we could have decent growth but I think they're very aggressive regulators.
In the different parts and HHS in the EPA in the financial areas and I don't know that the presence -- -- willing to reign in the men and say hey look let's we have economic growth there.
You mentioned that the EPA and senator in off the ranking member of the senate science committee issued a report that I think was back in October where he said that this.
The Obama administration not just the favorites but several.
Agencies are working to find a way to regulate hydraulic fracturing at the federal level so that can limit and eventually stopped the practice altogether.
The irony is that did.
That fracking is is the one thing in the environmental.
Rescue me in the manufacturing sector that is really lifted up the economy so -- were not talking about exporting liquid natural gas.
And it's the hypocrisy of -- ideologues on the left.
In the past Cole was a big defender you want to kill -- which in fact the EPA has done.
And they say -- natural gas is one of them because it emits only half of the carbon.
-- now that coal is essentially abolished or not have any new plans and now they're actually going after natural gas which before was supposed to be sober and I.
Look like you say it's a pendulum it's not it's a ratchet it always expands the Republicans can shrink it to be in the future.
But in the end its inexorable and it grows thanks to Charles and that's gonna do it for the --