From CBS news –
“This regulatory tsunami, occurring hastily and at a time when the U.S. economy is struggling to emerge from a deep recession, is hindering investment and job creation” wrote Larry Burton of the Business Roundtable. He added that environmental regulation, financial reform and health care are the group’s primary concerns.
My favorite phrase is this one, Regulatory Tsunami.
Let’s put this in perspective. If the current administration’s regulations can be considered a regulatory tsunami, the little yellow duckie in your bath tube is a yellow, fanged, fiend from Hell.
“when the U.S. economy is struggling to emerge from a deep recession.” Would that by any chance be the recession caused by the collapse of the financial system to corporate incompetence and misconduct? Would that be the recession whose recovery has been severely curtailed by private interests particularly banks refusing to invest their often record profits from investing in America?
This is a different take on reality. I don’t recommend it.