red states rule
09-12-2011, 05:12 PM
Another reason why the economy is not growing uner Obamanomics
snip
From financial services to farming, plumbing to computer repair, business owners say new regulations have them so bogged down in compliance that it is hindering their ability to plan and expand for the coming years.
Even though President Obama (http://www.foxnews.com/topics/politics/obama-administration/barack-obama.htm#r_src=ramp) recently acknowledged the need to minimize regulations, the number appears to be growing. Obama administration regulations on new business rose to 3,573 final rules in 2010, up from 3,503 in 2009 -- the equivalent of about 10 per week.
snip
The U.S. Small Business Administration reports that the average regulatory cost burden on U.S. firms of any size was approximately $161,000, not including costs passed on to the consumers for the goods and services rendered.
Manufacturing is the industry hit the hardest by regulatory costs, with per-firm costs at $688,944. But all small businesses pay a steep price -- $10,585 for every employee.
Howard said that regulations in the U.S. are, at best, "semi-effective" while also "horribly expensive."
"No one has the time to read all the rules. So instead of focusing, for example, on worker safety, which is a very useful regulatory goal, it focuses on little detail nits that end up basically tripping everyone up, because they end up spending all their time complying with the nits instead of making the factory safe," he said.
Among the industries facing massive regulations is farming, whether it be dust-ups over dirt to the fallout from manure.
Read more: http://www.foxnews.com/politics/2011/09/12/regulation-nation-drowning-in-rules-businesses-brace-for-cost-and-time-for/#ixzz1Xn57lNce
snip
From financial services to farming, plumbing to computer repair, business owners say new regulations have them so bogged down in compliance that it is hindering their ability to plan and expand for the coming years.
Even though President Obama (http://www.foxnews.com/topics/politics/obama-administration/barack-obama.htm#r_src=ramp) recently acknowledged the need to minimize regulations, the number appears to be growing. Obama administration regulations on new business rose to 3,573 final rules in 2010, up from 3,503 in 2009 -- the equivalent of about 10 per week.
snip
The U.S. Small Business Administration reports that the average regulatory cost burden on U.S. firms of any size was approximately $161,000, not including costs passed on to the consumers for the goods and services rendered.
Manufacturing is the industry hit the hardest by regulatory costs, with per-firm costs at $688,944. But all small businesses pay a steep price -- $10,585 for every employee.
Howard said that regulations in the U.S. are, at best, "semi-effective" while also "horribly expensive."
"No one has the time to read all the rules. So instead of focusing, for example, on worker safety, which is a very useful regulatory goal, it focuses on little detail nits that end up basically tripping everyone up, because they end up spending all their time complying with the nits instead of making the factory safe," he said.
Among the industries facing massive regulations is farming, whether it be dust-ups over dirt to the fallout from manure.
Read more: http://www.foxnews.com/politics/2011/09/12/regulation-nation-drowning-in-rules-businesses-brace-for-cost-and-time-for/#ixzz1Xn57lNce