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Wednesday, August 3, 2011

Ridiculous regulations prevent job creation

  Jobs, jobs, jobs, *The Prince* proclaims. Suddenly liberals are intent on creating jobs in this country.
  Well, let's take a look at policies enacted that prevent jobs from being created. Not all of this can be blamed on the current administration; it can be blamed on a fat government full of "nervous," "shaking," "badge" bearing employees who want to arrest housewives for helping baby birds survive.
  Tatler deals with the EPA's recent regulations that will punish many red states, who rely on coal for power. Also the feds don't like the fact that we exhale carbon dioxide:
I’ve written quite a bit about the Obama EPA’s regulatory assault on Texas, mainly because I happen to live in Texas. The fact is, the EPA is chipping away at 26 states and their economies via the cross-state rule and the Maximum Achievable Control Technology (MACT) rule. The MACT rule alone could force enough power plant shutdowns to cost 30 to 70 gigawatts of power (one gigawatt powers about 750.000 homes). Some of the targeted states are starting to wake up to the threat: rate hikes, lost power production leading to outages, lost jobs, worse economies. Here’s a sample of reaction in states beyond the Lone Star.
  Oddly, ever since Rick Perry became a prospective presidential candidate, Texas, which has regulated itself strictly for a number of years, has become a primary EPA target. Added. They were added to the list.
  Over at NRO, Mona Charen wonders why we punish success and notes some of the other problems facing someone who'd like to create a new business:
The burden of Obamacare, most of which does not take effect until 2014, is mostly in the realm of fear and uncertainty. Employers do not know how much each new hire will cost under the new health-care regime. Nor can they estimate how the 129 new boards, commissions, and agencies will affect the business world. Meanwhile, the EPA is regulating carbon dioxide as an air pollutant. The National Labor Relations Board is attempting to prevent the Boeing Corporation from opening a new plant in South Carolina. The FCC is seeking to exert control over Internet commerce through the deceptively named “net neutrality” policy. The Department of Labor is strictly enforcing racial and gender quotas. And the Federal Reserve, along with the new Consumer Financial Protection Bureau (created by the Dodd-Frank law) is practically freezing small-business lending. 
  And Walter Williams writes of the many and costly regulations states impose on people who want to make a living by driving a taxi, or threading eyebrows:
What does it take to be able to own and operate a taxi and earn $30,000, $40,000 or more a year? You need to purchase a used car and liability insurance. Compared with other businesses, the startup cost to become a taxi owner/operator is modest; that's until you have to come up with money for a license. In May 2010, the price of a license, called a medallion, to own one taxi in New York City sold for $603,000. As referenced in my recent book, "Race and Economics," New York City is not alone. In Chicago, a taxi license costs $56,000, Boston $285,000 and Philadelphia $75,000. It's not rocket science to understand the effect of laws that produce these prices: They discriminate against anyone getting into the taxi business who lacks tens and hundreds of thousands of dollars or bank credit to be able to get a loan. 
  WW references the Institute for Justice, where you can browse the cases which the Institute has represented, including fighting laws that ban animal massage by anyone who is licensed for human massage,  or people who want to arrange flowers (without a license! gasp!) or float horse teeth.
  I dunno. What do you think?
  After mentioning, "jobs, jobs, jobs" for the past 2 years, is that what we have? A focus on creating jobs?

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