Tuesday, August 23, 2011

Obama's Kills a Regulation or 500..

Well, I can't believe it, The Anointed One Obama has actually done something while in office with which I agree. 

The Chosen in Chief has announced plans to cut or roll back hundreds of federal regulations that affect businesses of all stripes.  The Administration said that these plans include 500 regulatory reforms, with more than 100 from the Department of Transportation and over 70 from the Department of Health and Human Services.

Obama's administration claims that the lessening of their stranglehold on American businesses will (and this is an estimate!) save those self-same businesses over $10 billion over the next five years.

And let's be honest and forthright for a moment, this is a good effort at clearing up the thousands of regulations and other things with which the government does its best to stifle small and medium sized businesses.

Now, if only it was considered a good START instead of an end-all, be-all which the Obama administration seems inclined to treat it as.  I mean, here after his 30-odd months in office of systematically hampering business growth, he dangles a carrot in front of the noses of those business owners in an effort to gain himself a second term.  A baby carrot, but a carrot none-the-less.

And what he hopes to purchase with this baby carrot is $10 billion in savings for those self-same businesses.

Which, from one point of view, is a whole lot of money.

At least until you consider the fact that since September, 2007, the Federal Debt has grown by roughly $3.7 billion per day.

Think about that.  Obama's latest efforts is a HOPED FOR* $10 billion savings over 5 years, while at the same time, the government will spend more than that every 4 days. 

To put that into a really nice perspective, at the current rate of growth for the Federal government, by the time that the business community has realized these estimated $10 billion in savings, the government will have spent $6,753 billion.

This is a nice racket. I mean, imagine me telling you, that if you'll give $3.70 a day, for the next 5 years, then at the end of those 5 years, I'll give you $10.  Do you think that that's a reasonable and equitable trade off? Do you think that's wise?**

But, this is The Chosen One's grand plan to help our economy recover. It's not enough to offer us a baby carrot, when you're stealing them from us by the ton.

Frankly, it's too little, too late.

*And that's even if these estimates are right! Frankly, I always have major doubts whenever the Federal government provides an estimate. In my mind, if it is something that's going to cost us (the American taxpayer) then I quadruple it as my base estimate when considering things.  If it's something that is supposed to save us money, then I quarter it.  It seems to be a good rule of thumb for these things.

**if you answered yes to this question, give me a quick email--and we'll also talk about some bridges I'd like to sell you).

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