Look again to 1848, but with a hope for better results. m/r
The American Spectator : Prepare for the Worst
We will soon suffer the death, or at least the crippling, of a thousand regulatory cuts.
from the middle: ...
We will soon suffer the death, or at least the crippling, of a thousand regulatory cuts.
A 2011 report by investment bank UBS entitled “
Great Suppression II” describes a “Revolt of the Employers” based more on regulation than on government debt levels, with high individual and corporate income tax rates piling on further dead weight.

A tsunami of further regulation that was being held back by the EPA, the Department of Health and Human Services (particularly aspects of Obamacare implementation), and other executive agencies is now being released following Barack Obama’s re-election. Strangely, knowing the regulations would be wildly unpopular with voters does not translate, in this administration, into considering them actually bad policy.
We are already seeing the beginning of Great Suppression III, with franchisees and restaurant chains like Papa John’s, Applebee’s, and
Darden (which owns the Olive Garden, Red Lobster, and Longhorn Steakhouse chains, among others) announcing that they will hire fewer workers, cut the hours of the workers they have, and avoid building new restaurants to dodge the Obamacare cost bullet.
Auto parts manufacturer Dana Corp. announced
layoffs in order to “offset increased costs that are placed on us through new laws and regulations,” noting specifically that Obamacare “is expected to cost Dana approximately $24 million over the next six years in additional U.S. health care expenses.” Medical device makers
Welch Allyn, Boston Scientific, and Medtronic are among many in that industry laying off workers because of the remarkably ill-conceived medical device tax embedded in Obamacare.
The irony was probably lost on radical leftist heiress Pat Stryker when the company her grandfather founded, Stryker Corporation, announced that Obamacare will force it to fire 96 people in December. And that’s just the beginning:
-go to link-
No comments:
Post a Comment