Wednesday, January 19, 2011

I Hear You Talking

Here, BHO writes in the WSJ about the burden of government regulation.  I will offer but one observation; pay no attention whatsoever to what the President said; pay attention to what he does.

It's easy to extol the virtues of voluntary exchange from the bully pulpit; our president is really quite good at it.  But when it comes to walking the talk, it's another story altogether.  Our president does not believe that ordinary sentient adults have the ability to make their own choices, nor does he think they should be allowed to do so.

How do I know that?  I pay attention to what the president does, not what he says.  He championed and signed into law two acts of Congress that will spawn regulations the likes of which we have never seen.  If Obama really believed the words he wrote, he would have vetoed both bills.

It's really hard to take BHO seriously following his enthusiastic support of what are quite possibly the worst pieces of legislation ever penned by Congress, both chock full of mind numbing regulation and limitations on voluntary exchange among sentient adults.

The Patient Protection and Affordable Care Act, the euphemistic name of the absolute worst piece of legislation ever passed and signed by a president (a.k.a., Obamacare), if not repealed, will add a layer of ham-fisted regulation to the U.S. Code that will truly boggle the mind.

The Wall Street Reform and Consumer Protection Act (a.k.a., the Dodd-Frank financial reform bill) will also spawn hundreds of regulations over the next few years.  Somehow, it wasn't enough that the financial services industry was already the most regulated industry on the planet.  Read about it here.

As readers of EconoBlast know, I've written many words in this blog about the perils of regulation and virtues of voluntary exchange.  If you're interested in a review, just use the blog search field on the EconoBlast home page with the key word "regulation."

If Congress and the President would really like to see America revert to a job-creating economic dynamo, I know one of  the keys to promised land.  Get rid of 90% of the regulations currently ensconced in the U.S. Code.  Oh, hell; why hold back?  Repeal 100% of the laws that  regulate voluntary exchange among sentient adults.  I dare you.  I double dog dare you. 

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