Tag: regulation

A bank run by an Obama bundler has gotten an Republican-led House committee to exempt that bank from provisions of the Frank-Dodd act, saving the bank $300 million.

5:07 pm

Bipartisan corruption: A bank run by an Obama fund-raiser has gotten an Republican-led House committee to exempt that bank from provisions of the Dodd-Frank act, saving the bank $300 million.

Any law that allows legislators to grant individual waivers isn’t a law at all but a form of extortion: Pay up or you won’t get your exemption. Dodd-Frank, as well as much of all the legislation passed by Congress in the past decade, should be repealed so that everyone gets the exemption.

0 comments

An economy built to stall

8:48 pm

“An economy built to stall.”

In his first two years in office, Democrats gave Mr. Obama everything he wanted, save for cap and trade and union card-check, which would have done even more harm to job creation. They passed stimulus, ObamaCare, multiple housing bailouts, Dodd-Frank and more.

Even after Republicans took the House, they gave Mr. Obama the payroll tax holiday he demanded first for 2011 and again for 2012. Far from some new fiscal “austerity,” overall federal spending hasn’t declined. Meanwhile, the Federal Reserve has delivered monetary stimulus after stimulus—QE I, QE II, Operation Twist, and 42 months of near-zero interest rates with the promise of 30 months more.

Mr. Obama has had the freest run of policy of any President since LBJ. So maybe the problem is the policies.

Maybe Milton Friedman was right that “temporary, targeted” tax cuts don’t change the incentives to invest or hire because people aren’t stupid. Maybe each $1 of new federal spending doesn’t produce a “multiplier” of 1.5 times that in added output. Maybe the historic burst of regulation of the last three years has harmed business confidence and job creation. And maybe the uncertainty that comes from helter-skelter fiscal and monetary policy has dampened the animal spirits needed for a durable expansion.

As I said yesterday, though no president or Congress is entirely to blame for the state of the economy, they both can do great harm if they make decisions that interfere with the freedom of the market. And sadly, having the government interfere with the freedom of the market has been Obama’s mantra since the day he took office.

4 comments

Banned from using heavy equipment by the Forest Service to repair their water supply, Tombstone residents are planning a “Shovel Brigade” in June.

11:30 am

Banned by the Forest Service from using heavy equipment to repair their water supply, Tombstone residents are planning an event in June where thousands will gather to do the work manually with shovels.

According to the Tombstone Shovel Brigade’s website, the group was established for several reasons, including to bring public awareness to the issues facing the city regarding repairs to its historic water system and the “limited cooperation” the city has received from the Forest Service.

“Another goal of the Tombstone Shovel Brigade is to get a lot of work done using hand tools and horses. A few workers can only make so much progress but a couple of thousand people with picks, shovels, ropes and chains can accomplish a lot and will send a loud message to the National Forest Service and the federal government,” states the website.

0 comments

“If the quality of the Administration’s economic analysis hadn’t already proven to be nearly worthless the discrepancy here would be stunning.”

9:22 am

“If the quality of the Administration’s economic analysis hadn’t already proven to be nearly worthless the discrepancy here would be stunning.”

The discrepancy refers to a claim made by the Obama administration about one benefit of Obamacare, compared to the reality of what has actually happened.

It is time to repeal this disaster of a law. We should also fire the politicians who foisted it on us.

0 comments

California officials have confisicated two stuffed animals from a local bar, after being on display for about a half century.

5:01 pm

Theft by government: California officials have confiscated two stuffed animals from a local bar, after having been on display for about a half century.

Both animals, while now endangered, were not endangered when they were killed, stuffed, and placed in the bar. Their existence is completely irrelevant to saving either species. For the government to confiscate them is nothing more than a expression of naked power. Worse, if there was no payment for them it is illegal. The Bill of Rights has this clause that says government cannot take a citizen’s property without just compensation.

As I said, theft by government.

0 comments

Massachusetts state officials are restricting the kinds of foods that can be sold at bake sales.

7:38 am

We’re here to help you: Massachusetts state officials are restricting the kinds of foods that can be sold at bake sales.

Bake sales, the calorie-laden standby cash-strapped classrooms, PTAs and booster clubs rely on, will be outlawed from public schools as of Aug. 1 as part of new no-nonsense nutrition standards, forcing fundraisers back to the blackboard to cook up alternative ways to raise money for kids.

2 comments

The Labor Department has abandoned its effort to ban kids from working on farms.

12:34 pm

A victory of sorts for freedom: The Labor Department has abandoned its effort to ban kids from working on farms.

The reason I consider this merely a temporary victory is that the desire to regulate these matters still exists in the people running the federal government. These same people also don’t understand that, as a free nation, they have no moral right to impose these rules in the first place. Thus, they remain a threat, waiting only for another opportunity to try again.

0 comments
1 … 86 87 88 89 90 … 106