How Awesome Would the U.S. Economy Be If It Were Set Free from Massive Government Regulations?

[candycorn]

Meanwhile citizens of WVA are still drinking bottled water instead of the stuff coming out of their pipes....the OP described them (after the chemical spill into the river that supplies the drinking water--or supplied it rather) as "poor babies" for having to drink bottled water for a while.

These are the stakes of lax regulation...poisoned water, explosive fertilizer plants, banks that are too big to fail...

We've been there. No need to go back.

 

[bripat9643]

Meanwhile citizens of WVA are still drinking bottled water instead of the stuff coming out of their pipes....the OP described them (after the chemical spill into the river that supplies the drinking water--or supplied it rather) as "poor babies" for having to drink bottled water for a while.

These are the stakes of lax regulation...poisoned water, explosive fertilizer plants, banks that are too big to fail...

We've been there. No need to go back.

Those situations were all highly regulated, so your theory supporting regulation is bullshit.

 

[candycorn]

Meanwhile citizens of WVA are still drinking bottled water instead of the stuff coming out of their pipes....the OP described them (after the chemical spill into the river that supplies the drinking water--or supplied it rather) as "poor babies" for having to drink bottled water for a while.

These are the stakes of lax regulation...poisoned water, explosive fertilizer plants, banks that are too big to fail...

We've been there. No need to go back.

Those situations were all highly regulated, so your theory supporting regulation is bullshit.

You're simply lying. We're all used to it.

 

[Kosh]

Meanwhile citizens of WVA are still drinking bottled water instead of the stuff coming out of their pipes....the OP described them (after the chemical spill into the river that supplies the drinking water--or supplied it rather) as "poor babies" for having to drink bottled water for a while.

These are the stakes of lax regulation...poisoned water, explosive fertilizer plants, banks that are too big to fail...

We've been there. No need to go back.

Those situations were all highly regulated, so your theory supporting regulation is bullshit.

You're simply lying. We're all used to it.

Says the far left Obama drone, that can only post from far left talking points and propaganda.

So why how come the far left does NOT want to regulate/control pot or voting?

 

[bripat9643]

Meanwhile citizens of WVA are still drinking bottled water instead of the stuff coming out of their pipes....the OP described them (after the chemical spill into the river that supplies the drinking water--or supplied it rather) as "poor babies" for having to drink bottled water for a while.

These are the stakes of lax regulation...poisoned water, explosive fertilizer plants, banks that are too big to fail...

We've been there. No need to go back.

You claim about the chemical spill in W VA is also false. They stopped drinking bottled water in January:

2014 Elk River chemical spill - Wikipedia the free encyclopedia

The president of West Virginia American Water stated that his company was not aware of a treatment to remove the chemical from its system.[22] Because of this, West Virginia American Water began flushing miles of lines within its Charleston area water system, although as of January 11, there was no timetable as to when its system would be safe for area residents to use.[16][22] West Virginia American Water's engineers began adding additional carbon and other chemicals to speed the treatment process and move the contaminated water out of its water distribution system.[16]

Michael Dorsey, Chief of the DEP's Homeland Security and Emergency Response division stated that tests conducted on water samples taken on the night of January 9–10 showed the concentration of MCHM had decreased from 2 parts per million to 1.7 parts per million.[8][29] That finding remained above the 1 part per million recommended by the Centers for Disease Control and Prevention as "acceptable."[8][29] The West Virginia National Guard continued to test the water every hour[8][18] and its teams worked overnight between January 9 and January 10 to perform tests and report results on both inflow and outflow samples of the Elk River's water.[8] Each test took approximately 46 minutes.[8] Tests conducted over the weekend of January 11–12 at four locations indicated a safe amount below 1 part per million of the chemical.[24] Despite this, officials continued testing throughout the water system's distribution area into January 13 before ending the system-wide "no use" advisory.[24]

 

[bripat9643]

Meanwhile citizens of WVA are still drinking bottled water instead of the stuff coming out of their pipes....the OP described them (after the chemical spill into the river that supplies the drinking water--or supplied it rather) as "poor babies" for having to drink bottled water for a while.

These are the stakes of lax regulation...poisoned water, explosive fertilizer plants, banks that are too big to fail...

We've been there. No need to go back.

Those situations were all highly regulated, so your theory supporting regulation is bullshit.

You're simply lying. We're all used to it.

Wrong. There are massive regulations covering each industry you referred to. You lied about the people in W VA still drinking bottled water. It was a temporary inconvenience, not a catastrophe.

 

[bripat9643]

Meanwhile citizens of WVA are still drinking bottled water instead of the stuff coming out of their pipes....the OP described them (after the chemical spill into the river that supplies the drinking water--or supplied it rather) as "poor babies" for having to drink bottled water for a while.

These are the stakes of lax regulation...poisoned water, explosive fertilizer plants, banks that are too big to fail...

We've been there. No need to go back.

Those situations were all highly regulated, so your theory supporting regulation is bullshit.

You're simply lying. We're all used to it.

 

[candycorn]

Meanwhile citizens of WVA are still drinking bottled water instead of the stuff coming out of their pipes....the OP described them (after the chemical spill into the river that supplies the drinking water--or supplied it rather) as "poor babies" for having to drink bottled water for a while.

These are the stakes of lax regulation...poisoned water, explosive fertilizer plants, banks that are too big to fail...

We've been there. No need to go back.

You claim about the chemical spill in W VA is also false. They stopped drinking bottled water in January:

2014 Elk River chemical spill - Wikipedia the free encyclopedia

The president of West Virginia American Water stated that his company was not aware of a treatment to remove the chemical from its system.[22] Because of this, West Virginia American Water began flushing miles of lines within its Charleston area water system, although as of January 11, there was no timetable as to when its system would be safe for area residents to use.[16][22] West Virginia American Water's engineers began adding additional carbon and other chemicals to speed the treatment process and move the contaminated water out of its water distribution system.[16]

Michael Dorsey, Chief of the DEP's Homeland Security and Emergency Response division stated that tests conducted on water samples taken on the night of January 9–10 showed the concentration of MCHM had decreased from 2 parts per million to 1.7 parts per million.[8][29] That finding remained above the 1 part per million recommended by the Centers for Disease Control and Prevention as "acceptable."[8][29] The West Virginia National Guard continued to test the water every hour[8][18] and its teams worked overnight between January 9 and January 10 to perform tests and report results on both inflow and outflow samples of the Elk River's water.[8] Each test took approximately 46 minutes.[8] Tests conducted over the weekend of January 11–12 at four locations indicated a safe amount below 1 part per million of the chemical.[24] Despite this, officials continued testing throughout the water system's distribution area into January 13 before ending the system-wide "no use" advisory.[24]

\

Simply not true.

W VA Chem Spill... Get ready for a new Attack on Coal by Obama and the Left

 

[candycorn]

Meanwhile citizens of WVA are still drinking bottled water instead of the stuff coming out of their pipes....the OP described them (after the chemical spill into the river that supplies the drinking water--or supplied it rather) as "poor babies" for having to drink bottled water for a while.

These are the stakes of lax regulation...poisoned water, explosive fertilizer plants, banks that are too big to fail...

We've been there. No need to go back.

Those situations were all highly regulated, so your theory supporting regulation is bullshit.

You're simply lying. We're all used to it.

Wrong. There are massive regulations covering each industry you referred to. You lied about the people in W VA still drinking bottled water. It was a temporary inconvenience, not a catastrophe.

They were still using bottled water 6 months later. Fact.

As for regulations:

Previous chemical accidents[edit]
Freedom Industries' release of crude MCHM into the Elk River was the third major chemical accident to occur in the Kanawha Valley in five years.[3] In 2008, an explosion and fire occurred at a Bayer CropScience facility in Institute, killing two employees.[3] In 2010, toxic gas was released at the DuPont facility in Belle.[3] Following these incidents, a team of expert officials from the U.S. Chemical Safety and Hazard Investigation Board (CSB) conducted investigations and contacted West Virginia state authorities in 2011 to establish a program to prevent chemical accidents and releases throughout the Kanawha River valley, known as "Chemical Valley" for its history of chemical processing, production, and resulting pollution.[3][10] The CSB recommended that the safety program be headed by Dr. Rahul Gupta, the executive director for the Kanawha-Charleston Health Department.[3]The West Virginia Legislature and West Virginia state government did not execute the CSB's recommendations.[3] Chemical Valley is also the name of an award-winning documentary film from the Appalshop Appalachian media center, which documents the wake of Union Carbide’s Bhopal disaster and a series of frightening chemical leaks that led citizens to demand the right to know and be protected from the toxic chemicals being produced and stored there.

As for regulations:

Freedom Industries files for bankruptcy
Kate White
CHARLESTON, W.Va. -- Freedom Industries, the company that fouled thousands of West Virginians' water with a chemical leak into the Elk River last week, filed for Chapter 11 bankruptcy Friday.

Freedom owes $3.6 million to its top 20 unsecured creditors, according to bankruptcy documents. The company also owes more than $2.4 million in unpaid taxes to the Internal Revenue Service, and the IRS has placed at least three liens on Freedom's property, demanding payment.

The unpaid taxes date back to at least 2000, according to a lien filed in 2010.

- See more at: The Charleston Gazette Freedom Industries files for bankruptcy

Criminals were running the plant.

Those are the facts, now back to your lie fest.

 

[bripat9643]

Meanwhile citizens of WVA are still drinking bottled water instead of the stuff coming out of their pipes....the OP described them (after the chemical spill into the river that supplies the drinking water--or supplied it rather) as "poor babies" for having to drink bottled water for a while.

These are the stakes of lax regulation...poisoned water, explosive fertilizer plants, banks that are too big to fail...

We've been there. No need to go back.

Those situations were all highly regulated, so your theory supporting regulation is bullshit.

You're simply lying. We're all used to it.

Wrong. There are massive regulations covering each industry you referred to. You lied about the people in W VA still drinking bottled water. It was a temporary inconvenience, not a catastrophe.

They were still using bottled water 6 months later. Fact.

As for regulations:

Previous chemical accidents[edit]
Freedom Industries' release of crude MCHM into the Elk River was the third major chemical accident to occur in the Kanawha Valley in five years.[3] In 2008, an explosion and fire occurred at a Bayer CropScience facility in Institute, killing two employees.[3] In 2010, toxic gas was released at the DuPont facility in Belle.[3] Following these incidents, a team of expert officials from the U.S. Chemical Safety and Hazard Investigation Board (CSB) conducted investigations and contacted West Virginia state authorities in 2011 to establish a program to prevent chemical accidents and releases throughout the Kanawha River valley, known as "Chemical Valley" for its history of chemical processing, production, and resulting pollution.[3][10] The CSB recommended that the safety program be headed by Dr. Rahul Gupta, the executive director for the Kanawha-Charleston Health Department.[3]The West Virginia Legislature and West Virginia state government did not execute the CSB's recommendations.[3] Chemical Valley is also the name of an award-winning documentary film from the Appalshop Appalachian media center, which documents the wake of Union Carbide’s Bhopal disaster and a series of frightening chemical leaks that led citizens to demand the right to know and be protected from the toxic chemicals being produced and stored there.

As for regulations:

Freedom Industries files for bankruptcy
Kate White
CHARLESTON, W.Va. -- Freedom Industries, the company that fouled thousands of West Virginians' water with a chemical leak into the Elk River last week, filed for Chapter 11 bankruptcy Friday.

Freedom owes $3.6 million to its top 20 unsecured creditors, according to bankruptcy documents. The company also owes more than $2.4 million in unpaid taxes to the Internal Revenue Service, and the IRS has placed at least three liens on Freedom's property, demanding payment.

The unpaid taxes date back to at least 2000, according to a lien filed in 2010.

- See more at: The Charleston Gazette Freedom Industries files for bankruptcy

Criminals were running the plant.

Those are the facts, now back to your lie fest.

Your cite doesn't prove there were no regulations. All it proves is that accidents happen. Every industry in this country is heavily regulated, especially the chemical industry.

Here's a clue for you: Accidents do not prove there are no regulations.

 

[elektra]

Liberals/democrats love regulations except when it comes to Green/Renewable energy.

Liberals are against all regulations concerning voting and elections.

Liberal/democrats are against regulations in regards to homosexuals adoption of heterosexual children.

It is simply important to note, liberal/democrats will lie, cheat, and distort all things in their quest for power.

 

[candycorn]

Meanwhile citizens of WVA are still drinking bottled water instead of the stuff coming out of their pipes....the OP described them (after the chemical spill into the river that supplies the drinking water--or supplied it rather) as "poor babies" for having to drink bottled water for a while.

These are the stakes of lax regulation...poisoned water, explosive fertilizer plants, banks that are too big to fail...

We've been there. No need to go back.

Those situations were all highly regulated, so your theory supporting regulation is bullshit.

You're simply lying. We're all used to it.

Wrong. There are massive regulations covering each industry you referred to. You lied about the people in W VA still drinking bottled water. It was a temporary inconvenience, not a catastrophe.

They were still using bottled water 6 months later. Fact.

As for regulations:

Previous chemical accidents[edit]
Freedom Industries' release of crude MCHM into the Elk River was the third major chemical accident to occur in the Kanawha Valley in five years.[3] In 2008, an explosion and fire occurred at a Bayer CropScience facility in Institute, killing two employees.[3] In 2010, toxic gas was released at the DuPont facility in Belle.[3] Following these incidents, a team of expert officials from the U.S. Chemical Safety and Hazard Investigation Board (CSB) conducted investigations and contacted West Virginia state authorities in 2011 to establish a program to prevent chemical accidents and releases throughout the Kanawha River valley, known as "Chemical Valley" for its history of chemical processing, production, and resulting pollution.[3][10] The CSB recommended that the safety program be headed by Dr. Rahul Gupta, the executive director for the Kanawha-Charleston Health Department.[3]The West Virginia Legislature and West Virginia state government did not execute the CSB's recommendations.[3] Chemical Valley is also the name of an award-winning documentary film from the Appalshop Appalachian media center, which documents the wake of Union Carbide’s Bhopal disaster and a series of frightening chemical leaks that led citizens to demand the right to know and be protected from the toxic chemicals being produced and stored there.

As for regulations:

Freedom Industries files for bankruptcy
Kate White
CHARLESTON, W.Va. -- Freedom Industries, the company that fouled thousands of West Virginians' water with a chemical leak into the Elk River last week, filed for Chapter 11 bankruptcy Friday.

Freedom owes $3.6 million to its top 20 unsecured creditors, according to bankruptcy documents. The company also owes more than $2.4 million in unpaid taxes to the Internal Revenue Service, and the IRS has placed at least three liens on Freedom's property, demanding payment.

The unpaid taxes date back to at least 2000, according to a lien filed in 2010.

- See more at: The Charleston Gazette Freedom Industries files for bankruptcy

Criminals were running the plant.

Those are the facts, now back to your lie fest.

Your cite doesn't prove there were no regulations. All it proves is that accidents happen. Every industry in this country is heavily regulated, especially the chemical industry.

Here's a clue for you: Accidents do not prove there are no regulations.

Regulatory bodies rarely visit these ticking time bombs:

On misconceptions about federal regulation of dangerous industrial chemicals

The industry officials didn't like the Chemical Safety Board recommendations. They insisted there's enough regulation already and that agencies like the Environmental Protection Agency and the Occupational Safety and Health Administration do enough already.

And I think there seems to be this idea that ... agencies like EPA and OSHA are these jackbooted thugs that are kicking down the gates of manufacturing facilities and stomping out jobs. When in fact, a lot of these facilities will go for years and years without ever seeing an OSHA inspector coming in and checking on the workplace conditions; without ever seeing an EPA inspector who is looking at their environmental conditions. The notion that these places are just terribly overregulated is wildly exaggerated.

When did regulators visit WVA?

in 2008 after an explosion at a Bayer CropScience chemical plant. ... The Chemical Safety Board came in and investigated that and found a lot of problems at the plant and found a dearth of regulation of that sort of a plant. And one of the things the Chemical Safety Board said was that our state ... should work with the Kanawha-Charleston Health Department to create a new chemical accident prevention program through which government inspectors would more frequently go into these plants, would ensure they're being operated safely.

The Chemical Safety Board came back again after a series of accidents at a DuPont chemical plant ... in West Virginia — [a series of] accidents there in January of 2010 ended up with one worker being killed. And the Chemical Safety Board repeated its recommendation after that incident. ...

The state has really done absolutely nothing to implement that recommendation. The Kanawha County officials have encouraged the state to work with them ... and the state has just basically ignored the recommendation.

Accidents seem to happen on a regular basis in WVA where corporations rule the roost.

There should also probably be a regulation against known criminals running a chemical company so close to a major population center.

 

[C_Clayton_Jones]

The history and evidence is overwhelming that businesses are incapable of 'self-regulating,' the temptation to cut corners and place employees and consumers at risk to maximize profit is far too great.

 

[bripat9643]

Regulatory bodies rarely visit these ticking time bombs:

Accidents seem to happen on a regular basis in WVA where corporations rule the roost.

There should also probably be a regulation against known criminals running a chemical company so close to a major population center.

So you're claim isn't that they aren't regulated. It's that the government is doing a shitty job of regulating them.

So what else is new? Government does a shitty job of everything it tries.

 

[EconChick]

Liberals like to pretend that regulations don't have a cost. The truth is that we are all vastly poorer as a result of government regulation. The negative effects of social programs like Social Security and Medicare have been even greater.

How Awesome Would the U.S. Economy Be If It Were Set Free from Massive Government Regulations

Imagine if the U.S.’s economy had grown an extra 1% every year since 1949 as a result from less strangulating federal regulation.

This is the thesis for a recent Forbes article by Rich Karlgaard, the magazine’s publisher and head writer. Using the concept of compound interest, along with an assertion that runaway federal tinkering and silly regulations have had a massive impact on the country’s economic growth over the decades, he gives a handful of answers to the question:

“Where would the U.S. economy be today without massive federal regulation?”

Here’s what he came up with:

1. The 2014 GDP would be $32 trillion, not $17 trillion.
2. Per capita income would be $101,000, not $54,000.
3. Per capita wealth would be $480,000, not $260,000. It would probably be higher than that, since savings rates might be higher.
4. The U.S. would have no federal, state or municipal debts or deficits.
5. Pensions would be solid. So would Social Security.
6. The trend of new entrants to The Forbes 400 would not favor entrepreneurs in software, the Internet and financial services but would be more broadly distributed across all industries. Electronic bits–money and software–are less prone to regulation than such physical things as factories, transportation, etc.
7. Faster, quieter successors to the supersonic Concorde? Cheap, safe nuclear power? Cancer-curing drugs for small populations? Bullet trains financed by private investors? Yes!
8. The U.S. would have the resources to fight the multiplicity of threats from abroad, from ISIS to hackers.

Yep, they just keep adding and adding but rarely if ever take any away.

 

[bripat9643]

The history and evidence is overwhelming that businesses are incapable of 'self-regulating,' the temptation to cut corners and place employees and consumers at risk to maximize profit is far too great.

Mmmmm, wrong. The evidence proves precisely the opposite. Industrial accidents decreased steadily before OSHA was created. The rate of decrease didn't change a bit after the creation of OSHA. In other words, OSHA had zero effect in reducing industrial accidents.

Case closed.

 

[paulitician]

The Communists/Progressives have to stop thinking it's all about 'Getting the Evil Corporations.' Because in reality, they're only helping large Corporations. The large businesses can handle the teams of Lawyers and the over-reaching Government intrusions. But the small businesses can't. If they continue to push more Government, there will only be large Corporations left standing. They need to contemplate that for a bit.

 

[candycorn]

Regulatory bodies rarely visit these ticking time bombs:

Accidents seem to happen on a regular basis in WVA where corporations rule the roost.

There should also probably be a regulation against known criminals running a chemical company so close to a major population center.

So you're claim isn't that they aren't regulated. It's that the government is doing a shitty job of regulating them.

So what else is new? Government does a shitty job of everything it tries.

No...the government is relying on self-policing and the laughter from the industries is deafening.

 

[SmarterThanTheAverageBear]

Liberals like to pretend that regulations don't have a cost. The truth is that we are all vastly poorer as a result of government regulation. The negative effects of social programs like Social Security and Medicare have been even greater.

How Awesome Would the U.S. Economy Be If It Were Set Free from Massive Government Regulations

Imagine if the U.S.’s economy had grown an extra 1% every year since 1949 as a result from less strangulating federal regulation.

This is the thesis for a recent Forbes article by Rich Karlgaard, the magazine’s publisher and head writer. Using the concept of compound interest, along with an assertion that runaway federal tinkering and silly regulations have had a massive impact on the country’s economic growth over the decades, he gives a handful of answers to the question:

“Where would the U.S. economy be today without massive federal regulation?”

Here’s what he came up with:

1. The 2014 GDP would be $32 trillion, not $17 trillion.
2. Per capita income would be $101,000, not $54,000.
3. Per capita wealth would be $480,000, not $260,000. It would probably be higher than that, since savings rates might be higher.
4. The U.S. would have no federal, state or municipal debts or deficits.
5. Pensions would be solid. So would Social Security.
6. The trend of new entrants to The Forbes 400 would not favor entrepreneurs in software, the Internet and financial services but would be more broadly distributed across all industries. Electronic bits–money and software–are less prone to regulation than such physical things as factories, transportation, etc.
7. Faster, quieter successors to the supersonic Concorde? Cheap, safe nuclear power? Cancer-curing drugs for small populations? Bullet trains financed by private investors? Yes!
8. The U.S. would have the resources to fight the multiplicity of threats from abroad, from ISIS to hackers.

Number 4 is for sure patently false. Barring a law which says "YOU CAN'T SPEND MONEY YOU DON'T HAVE" politicians will ALWAYS run deficits no matter how much money they have.

Also, it's ludicrous to say that at least 1/2 the regulations we have while costing lots of money, are worth it.

 

[Plasmaball]

I could finally sell you some tainted meat product...

How long do you think you would remain in business? Selling someone a product you know to be toxic could be considered murder and land you in prison.

worked for the banks....your thread is a fail