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« Reply #1 on: April 30, 2016, 06:51:06 PM » |
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________________________________________ The Patriot Post Digest 4-29-2016 From The Federalist Patriot Free Email Subscription ________________________________________
FEATURED RIGHT ANALYSIS Regulations Are the Ties That Bind20
By Allyne Caan
It might not have its own government, citizens or flag, but the world’s fourth largest economy has become a force — and a threat — to be reckoned with. What constitutes this mysterious economic might? None other than the $4 trillion in federal regulations imposed by the U.S. government. You read that correctly. If the cost of government regulations were its own country, it would boast the fourth-largest GDP in the world — bigger than the economies of Germany, France, Brazil, Russia, Italy, and the United Kingdom. And it’s just a couple of hundred billion away from matching the entire federal budget.
This bombshell comes courtesy of a new study21 by the Mercatus Center, which analyzed data from 1977 through 2012 to discover the cumulative costs of regulations (or, more accurately, taxes by a different name). While most studies of the economic impact of regulations have focused on select industries and/or specific regulations, the Mercatus study looked at data across 22 industries.
The picture ain’t pretty.
The study found that regulations, “by distorting the investment choices that lead to innovation, [have] created a considerable drag on the economy, amounting to an average reduction in the annual growth rate of the US gross domestic product (GDP) of 0.8 percent.”
In plain English, if regulations had remained steady at 1980 levels, our economy would have been 25% — or $4 trillion — larger in 2012 than it was. This represents a whopping $13,000 loss per person in just one year. All to ensure every aspect of our lives is compliant with Uncle Sam’s Big Government Guidebook.
Unfortunately, President Ronald Reagan wasn’t joking when he quipped, “Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
Just how many regulations are we talking about? As of December 2015, more than 81,000 pages-worth22 of federal rules, proposed rules and notices. According to the Competitive Enterprise Institute (CEI), these pages included23 3,378 final rules and regulations, of which 545 affect small businesses. And this didn’t count 2,334 proposed rules.
Regulations have become such a behemoth that CEI created tenthousandcommandments.com24, which looks at “the other national debt — the cost of regulation.” (In case you’re wondering, as of last week, 2016 already has 1,001 new federal rules.)
Not surprisingly, the regulatory landscape only grew worse under Obama. As Investor’s Business Daily notes25, Obama’s administration foisted 172 “economically significant” regulations on Americans in his first term, and 200 more since, thus far outpacing both George W. Bush and Bill Clinton. And Obama’s rules include things like, oh, the government takeover of the health care industry and the EPA’s coal-killing carbon emissions rules.
It’s little wonder our annual GDP growth has been sluggish at best. So sluggish that in 2013, the Bureau of Labor Statistics called26 slower GDP growth “the new normal.” GDP growth in the first quarter of 2016 was a woeful 0.5%, the weakest in two years. (It was an anemic 1.4% in the previous quarter.) And Obama is on track to be the only president in U.S. history without a single year of 3% growth on his watch — he’ll be doing well to average 1.55%.
Remember those wondrous numbers while Obama’s sycophants at The New York Times' feature their puff piece in which he “weighs his economic legacy27.”
“I actually compare our economic performance to how, historically, countries that have wrenching financial crises perform,” Obama mused. “By that measure, we probably managed this better than any large economy on Earth in modern history.” Go back and read the aforementioned numbers and see if you agree that he “managed this better.”
What’s the solution? For one thing, eliminating thousands of pages of federal regulations. It’s straightforward but hardly palatable to the government elites who believe they’re most qualified to run your life.
Frighteningly, the alternative is the continued growth of the regulatory nation that keeps our economy in chains.
MORE ORIGINAL PERSPECTIVE
ANALYSIS: Two Years Too Late28 The Looming Demographic Cliff29 Hollywood Creating Movie Mocking Ronald Reagan30 Sanders Previews Economic Plan for America31 Tennessee Works to Dump Last Income Tax10 Cruz Signed the Communist Manifesto32
TOP HEADLINES
Green Beret Who Accosted Afghani Rapist Is Absolved33 Brother of San Bernardino Terrorist, Two Others Arrested34 ICE Releases Another 20,000 Felonious Illegals35
For more, visit Patriot Headline Report36
OPINION IN BRIEF
L. Brent Bozell & Tim Graham: “The liberal opinion site that calls itself PolitiFact insists it’s just a fact-checking website. … When it comes to humans, there is probably not a fact more verifiable than one’s gender. But guess what? On April 26, the website Mediaite carried the eye-grabbing headline: ‘PolitiFact Rules It’s Now Objectively False to Call Transgender Women Men.’ … ‘It’s not entirely accurate to say that transgender women are men, as PolitiFact Texas has reported,’ PolitiFact writer Linda Qiu harrumphed. ‘Medical experts typically agree that a transgender woman is a woman who identifies differently from her assigned sex at birth, though there isn’t universal agreement on this point.’ In short, a transgender woman is a woman and not ‘a grown man pretending to be a woman.’ There isn’t ‘universal agreement,’ but it’s ‘objectively false’ not to call a transgendered man a woman. It’s like global warming. Silence, you knuckle draggers! … On so many issues, liberals insist there is no debate and should be no debate, that there is only sense and nonsense; truth and falsehood; and fact and fantasy. When it comes to ‘non-conforming’ to the immutable facts on gender, they are the moral deconstructionists embracing nonsense, falsehood and fantasy, insisting all the sane and sensitive ‘medical experts’ agree with their negation of fact. No one should settle a political debate with PolitiFact. On this issue, they’re simply so liberal they’re Politi-False.”
SHORT CUTS
Insight: “In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other.” —Voltaire (1694-1778.)
Upright: “There is still startlingly broad opposition to capitalism, and I can’t help but wonder if part of it springs from the same well-spring of risk aversion that gives us safe spaces, micro-aggressions, and trigger-warnings. Actual free markets are risky. Companies can fail. Entire industries can vanish. Entrepreneurial dreams are crushed every single day. Free markets don’t care for your feelings, your ethnicity, or your gender identity. Is it any surprise that when millions of people demonstrate an extraordinarily low tolerance for emotional risk that they’d be hostile to an economic system that can so callously disregard their wants and needs?” —David French
The BIG lie: “The president has spent years making the case to Republicans in Congress that there is more that could be done that would strengthen our economy, expand economic opportunity for the middle class and lay a foundation for our nation’s long-term strength for the decades ahead. And that includes investment in infrastructure. … It’s unfortunate that years have gone by where that opportunity has been missed.” —Josh Earnest absolving Obama of any fault for our measly economic growth (GDP in first quarter of 2016 came in at just 0.5%)
Belly laugh of the week: “Sometimes both Josh [Earnest] and I probably have our disagreements with the press corps and feel picked on and misunderstood.” —Barack Obama
When you can’t legislative it, sue: “Another piece of our agenda was to promote marriage equality in our country. Legislatively, we couldn’t really succeed, but from the courts and the rest, and public opinion, of course, in the actual courts and in the court of public opinion, that victory has been won.” —Nancy Pelosi
Late-night humor: “Now that the election is narrowing to a two-person race, Donald Trump said he will have to get used to Hillary Clinton’s shouting. After hearing this, Bill Clinton said, ‘You never really get used to it.’” –Conan O'Brien
Semper Vigilans Fortis Paratus et Fidelis! Managing Editor Nate Jackson
Join us in daily prayer for our Patriots in uniform — Soldiers, Sailors, Airmen, Marines and Coast Guardsmen — standing in harm’s way in defense of Liberty, and for their families.
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