Tag: regulation

Business shuts down because of Obamacare and other federal regulation

10:22 am

Repeal it! The shutting down of business because of Obamacare and other federal regulation. This quote sums things up nicely:

In an economic climate of increasing uncertainties, Puzder says, one certainty is that many businesses that now are marginally profitable will disappear when ObamaCare causes that margin to disappear. A second certainty is that “employers everywhere will be looking to reduce labor content in their business models as ObamaCare makes employees unambiguously more expensive.”

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Canada has joined the United States in raising objections to a planned $100-billion a year climate fund

12:48 am

The gravy train is ending: Canada has joined the United States in raising objections to a planned $100-billion a year climate fund.

I like this quote describing the U.S.’s objections:

Heading into the United Nations climate conference in Durban this week, the United States has made it clear it will not support the current proposals for the climate fund over concerns about how the money would be raised, lack of verification of how it is spent, and an unwillingness of major emerging countries to commit to legally binding emissions reduction. [emphasis mine]

Other than these minor points, everything about the fund is above board and legitimate.

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Lame-duck Barney Frank joins effort to repeal Obamacare “death panels”

10:58 am

A bit late, ain’t he? Lame-duck Barney Frank joins the effort to repeal Obamacare’s “death panels.”

Note also that Frank has now essentially admitted that Sarah Palin was right about these panels (though he of course hasn’t come out and said it). Rather than be partisan back when she first brought this issue up, why couldn’t Frank have acted more responsibly and voted against the bill in the first place?

Update: I reworded the above paragraph because the original language gave the impression that Frank had actually said he now agreed with Palin, something he has not done.

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American Airlines files for bankruptcy

9:22 am

American Airlines files for bankruptcy. Note this as well:

American was the only major U.S. airline that didn’t file for bankruptcy protection in the aftermath of the 2001 terrorist attacks that triggered a deep slump in the airline industry. The last major airline to file for bankruptcy protection was Delta in 2005.

This list of bankrupt airlines does not include Southwest, however, which has seen its business boom in the past decade. I wonder, could these other airlines be driving customers away with their high baggage fees, complex ticket rules that end up costing customers money or convenience, and their willingness to go along with the abuses of the TSA?

Whenever I can, I fly Southwest, because they don’t charge for baggage and allow me to change or cancel flights without penalty. However, I also fly as little as possible these days, mostly to avoid being treated like a criminal by the TSA. And I know I am not alone in this.

Thus, all airlines have lost business due to TSA abuse. You’d think they’d wake up and start to fight this government intrusion into their operations.

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Memo to the Occupy protesters: Ten things we evil capitalists really think

8:39 am

Memo to the Occupy protesters: Ten things we evil capitalists really think.

I especially like #8:

8. Capitalism, with all its imperfections, is the fairest scheme yet tried. In a system based on property rights and free contract, people succeed by providing an honest service to others. Bill Gates became rich by enriching hundreds of millions of us: I am typing these words using one of his programmes. He gained from the exchange (adding fractionally to his net worth), and so did I (adding to my convenience). In a state-run system, by contrast, third parties get to hand out the goodies.

Another way to say this is to call it freedom.

Read the whole thing.

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Obamacare threatens to cripple the American medical device industry

1:26 am

Repeal it! Obamacare is forcing the American medical device industry out of business.

The 2010 law imposed a crippling 10-year, $20 billion tax on revenues — not on profits — earned by companies that make medical devices, such as catheters, artery-clearing stents, scalpels and pacemakers. The tax is prompting American companies to shed jobs, move factories overseas and reconsider niche-market research projects, said Paulson, whose district include medical device companies.

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