tag:blogger.com,1999:blog-16816866.post3148281723417387338..comments2024-02-29T02:10:56.878-08:00Comments on J O S H U A P U N D I T: Mark Steyn: Finally, The Cognoscenti Ask: What Could We Be Thinking?Freedom Fighterhttp://www.blogger.com/profile/13649470110087808596noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-16816866.post-50566700073012993652011-10-02T15:38:55.426-07:002011-10-02T15:38:55.426-07:00"Regulation is about...." This paragraph..."Regulation is about...." This paragraph on regulation touches on what is likely the biggest impediment to getting our economy on track. With our regulatory environment it is VERY difficult to manufacture here. In many cases, even if the workers could work for free it would be impossible to manufacture something here. The regulatory cost is simply to great. Essentially the companies have not choice but to move their manufacturing operations to other countires or they would not be able to survive. <br /><br />So far there has not been a significant attempt by either major political party to address this in any significant way. Until there is I simply don't see how we can get our economy on track in any meaningful way. The current regulations need to be streamlined and some of them likely need to be eliminated all together. <br /><br />At a minimim, there should be a mortorium on any new regulations for five years. This would give us the breathing space to properly address this and it would help the beleagured business community. Many business people won't hire or expand in the US because they aren't sure what new rules and regulations are coming next!! Knowing we are not going to be saddled with any new regulatory compliance costs for five years woudl provide some much needed stability to the market. <br /><br />I do respectfully disagree with Mr. Steyn in one regard. I think the costs of regulatroy compliance are greater than 10% of GDP. I do agree though that even 10% is WAY TO MUCH. Until it changes manufacturers and even non manufacturers will continue to look to employ the people they need in other countries and our own economy will contine to languish.B.Posternoreply@blogger.com