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  • The Economic Cost of Bad Regulations

    Ohio small-businessman Jack Buschur has a message for Washington about job creation: Get out of the way.

    In a new video released by the House Committee on Oversight and Government Reform, Buschur explains how a slow economy and costly compliance with government regulations forced him to lay off 12 workers from the company he founded in 1978 — Buschur Electric Inc.

    “The regulations and the paperwork problems government throws at small business today is just becoming tremendously overwhelming,” Buschur says. “So much of it has nothing to do with safety or creating business. It’s all about regulations.”

    According to Oversight and Government Reform Chairman Darrell Issa (R-CA), Buschur is not alone.

    “Entrepreneurs and job creators all over America are coming to us and telling us similar stories,” Issa says in the video, which is part of the American Job Creators initiative.

    Even if it’s bad news, Issa still wants to hear more — so he can do something about it. In the video, he asks Buschur and others like him to visit the website AmericanJobCreators.com to report which regulations, specifically, cost American jobs — and pledges to work “tirelessly” to improve the regulatory environment.

    The video is the first in a three-part series. The next will examine the financial costs of these regulations to business-owners like Buschur.

    Posted in Economics [slideshow_deploy]

    3 Responses to The Economic Cost of Bad Regulations

    1. Redfray, Pea Ridge, says:

      The government voting block is more important than the citizens who support with taxes. When the people wake up to the fact our elected officials are nothing but wasters, rather than good honest men, we will see they have more fun cheating the system than supporting our system. Small business need to make sure they enter the political process for electing better people to the system, specially in the areas where they live. Even if they have to hire a good lobbist to work for them, or go and lobby down at the whistle stops.

    2. Keith Forehand, Maco says:

      Regulartory compliance is my biggest "Headache"!

    3. Randall Paterson, Si says:

      Regulation is killing us both economically and socially. If we all agree that the federal government is too big I submit that to make it smaller we need to close many departments and agencies, specifically those that are not really needed. For starters, I suggest that we close the Department of Education, the Department of Energy, the Department of Commerce, the Envoronmental Protection Agency, the Federal Trade Commission, the Federal Communications Commission. These federal departments and agencies do nothing important or needed. Any functions that these folks do can be done by congress. Get them out of the Executive Branch where there is no accountability to the people.

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