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  • Americans Fear Government Regulations Are Choking The Economy

    What’s the monster under the bed keeping Americans up at night? Government regulations. According to a new poll, most voters say that too many federal government regulations are more of an economic threat than too few. Resurgent Republic reports:

    By a margin of 55 to 36 percent, voters are more concerned that the federal government has too many regulations that will hurt the economy, rather than too few regulations to hold private businesses accountable. Republicans are more concerned about too many regulations by 77 to 16 percent, as are Independents by 55 to 35 percent. Only Democrats are concerned about too few regulations by 56 to 36 percent.

    Digging deeper into the data, the fear over too many federal government regulations spans all age, income, and education levels – including a majority of all union households.

    It’s no wonder they’re so concerned. Regulations are increasing dramatically and are imposing a hidden tax on Americans. The Heritage Foundation reports in “Red Tape Rising: Obama’s Torrent of New Regulation”:

    Based on data from the Government Accountability Office, an unprecedented 43 major new regulations were imposed by Washington [in FY2010]. And based on reports from government regulators themselves, the total cost of these rules topped $26.5 billion, far more than any other year for which records are available. These costs will affect Americans in many ways, raising the price of the cars they buy and the food they eat, while destroying an untold number of jobs.

    More expensive food and cars, while killing jobs? No wonder Americans fear regulations.

    Posted in Economics [slideshow_deploy]

    6 Responses to Americans Fear Government Regulations Are Choking The Economy

    1. Roy Keith, Tye, TX says:

      Change for most Americans, I believe, means less government. That's what TEA (Taxed Enough Already) Party people are saying. Big government requires big taxes. We can't afford more taxes; they slow or stop productivity, inhibit jobs, and slow the economy.

      Regulations function the same way as taxes. More regulations mean a larger government; more agencies, more red tape, and usually more taxes to pay for it. Increased regulation is almost a double-whammy against growth in the economy, in jobs, and in productivity.

      If you want the economy to grow, jobs to increase, and productivity to drive the future; lower taxes, reduce regulations, and shrink government. For forty or more years, we have been unable to afford the growth in government; therefore we have a huge deficit. We can't afford to add to the government we already can't afford!

      If people had to work for the handouts they get from government, they would be less likely to ask for so much, and then we wouldn't need so much govenrment!

    2. Richard Posey, Grape says:

      Unfortunately, I believe our government has come to believe our economy exists to support it and not the other way around … that the government exists to support the citizens and businesses and economy of the United States. Further, as long as our politicians are granted membership to a "special club" of Privilege … lifetime healthcare, protected pensions, etc … they will remain isolated from the real issues of the country and that we can never hope to have a government that is truly "by the people."

    3. Bobbie says:

      And the fact there's no significant reasons or explanations so it's an act of government abuse of authority within the control of government, destroying the economy!

    4. Eugene Vancouver WA says:

      The only way to solve this problem is to defund the government and the White House and the house has the power to zero out any department right now and

      their's nothing the senate or Obama can do about it except print money. Some-

      body has got to stop this madness. There's a lot of people that need to be in jail

      and fired or empeached just because somebody ordered you to do it doesn't

      mean you can't be prosecuted. The next 18 months are going to be a wild ride.

    5. Pingback: Wednesday Morning (in some galaxy) Linkslide | Shut Up, He Explained

    6. Tom Berquist, Pennsy says:

      With the Financial Reform now law the lid on our economy is going to get much worse. The Fed Reserve is housing one of the groups formed by this bill and congress has no say over what it does nor any financial leverage since the Fed Reserve provides the money for this outrageous law.

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