Monday, August 29, 2011

Want Stimulus? Reduce Regulation

Heritage  "The President has publicly stated his intent to roll out a new expensive stimulus plan this fall. That plan is expected to contain hundreds of billions in new debt obligations to you, the taxpayer.
"Speaker of the House John Boehner (R-OH) has a better idea. He wrote a letter today to President Obama that identifies an effective means to stimulate growth. Reduce regulations that are a hidden tax on all Americans and killing private enterprise. Reducing the regulatory burden on the economy will spur economic growth."  Boehner's letter to Obama:
Last year, on August 16, 2010, I wrote you about my concern that the Administration’s published regulatory agenda included a total of 191 planned new regulations, each of which had an estimated annual cost of $100 million or more, with some involving billions of dollars annually. In my letter, I noted that at public forums, private sector job creators were citing this regulatory agenda as one of the primary impediments to job creation, especially for small businesses. 
This assessment of Mr. Obama sums it up rather well, I think:

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