Why the Economy Will Never Prosper Under Biden

m.knox

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Aug 20, 2003
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In one word, statism. Democrats are statists. Power, control, self-congratulations matter to them. Not freedom and opportunity for everyone.

https://issuesinsights.com/2022/10/26/the-economy-will-never-prosper-under-biden-heres-why/

The Competitive Enterprise Institute (CEI) just this morning released its hugely valuable report called “10,000 Commandments,” which is a compendium of the regulatory state. In it, CEI Vice President for Policy Clyde Wayne Crews lays out the terrible truth about Biden’s regulatory zeal.

The first thing you have to understand about federal regulation is how massive it already is, with compliance costs that total more than $1.9 trillion a year.

That’s bigger than Canada’s entire GDP. It’s bigger, in fact, than all but seven nations in the world. It works out to almost $15,000 per household.

And it is growing at a ferocious pace. From 1995 to last year, regulators issued a total of 114,821 new rules.

The cost of complying with this mountain of mandates is on top of the $6.3 trillion the feds spent this year, which means the true cost of government equals roughly a third of the nation’s economy.


Some Republican presidents have tried to whittle this down, but Democratic administrations always come into office well prepared to reinvigorate regulators.

Crews notes that Biden immediately started overturning Trump-era deregulatory directives, calling them “harmful policies and directives that threaten to frustrate the federal government’s ability to confront problems.”

Biden also issued an executive order that, as we pointed out on Jan. 29, 2021, was the worst of them all. It gutted the one minor speed bump in front of new regulations, namely that they had to be reviewed by the Office of Management and Budget and pass a basic cost-benefit analysis.

Biden changed the review process to instead be “a tool to affirmatively promote regulations” and “to ensure swift and effective federal action” on everything from the pandemic, to the economy, to racial inequality, to the “undeniable reality and accelerating threat of climate change.”
 

psuted

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Gold Member
Nov 26, 2010
28,908
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In one word, statism. Democrats are statists. Power, control, self-congratulations matter to them. Not freedom and opportunity for everyone.

https://issuesinsights.com/2022/10/26/the-economy-will-never-prosper-under-biden-heres-why/

The Competitive Enterprise Institute (CEI) just this morning released its hugely valuable report called “10,000 Commandments,” which is a compendium of the regulatory state. In it, CEI Vice President for Policy Clyde Wayne Crews lays out the terrible truth about Biden’s regulatory zeal.

The first thing you have to understand about federal regulation is how massive it already is, with compliance costs that total more than $1.9 trillion a year.

That’s bigger than Canada’s entire GDP. It’s bigger, in fact, than all but seven nations in the world. It works out to almost $15,000 per household.


And it is growing at a ferocious pace. From 1995 to last year, regulators issued a total of 114,821 new rules.

The cost of complying with this mountain of mandates is on top of the $6.3 trillion the feds spent this year, which means the true cost of government equals roughly a third of the nation’s economy.


Some Republican presidents have tried to whittle this down, but Democratic administrations always come into office well prepared to reinvigorate regulators.

Crews notes that Biden immediately started overturning Trump-era deregulatory directives, calling them “harmful policies and directives that threaten to frustrate the federal government’s ability to confront problems.”

Biden also issued an executive order that, as we pointed out on Jan. 29, 2021, was the worst of them all. It gutted the one minor speed bump in front of new regulations, namely that they had to be reviewed by the Office of Management and Budget and pass a basic cost-benefit analysis.

Biden changed the review process to instead be “a tool to affirmatively promote regulations” and “to ensure swift and effective federal action” on everything from the pandemic, to the economy, to racial inequality, to the “undeniable reality and accelerating threat of climate change.”
The economy will never prosper under Democrat control regardless of who’s in the WH. This country needs to wise up and stop buying into ANY Democrat charlatans. If you vote for Democrats at any level of government, you’re voting for economic incompetence and misery. All Democrats need to go.
 
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Catch50

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Feb 5, 2003
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once you understand what drives the agenda it is not complicated

one of their major support groups is the bar association. maximum regulation, red tape and complexity benefits them even though it is negative for the economy in general

you usually don't need to go much farther than that

they also believe in lots of centralization, including in cases where it makes no sense or is a totally antiquated concept
Regular working folks don't vote for bar associations. You're extremely delusional.