President Trump: Please do These Three Things

[LoneLaugher]

I'm sorry. But that is but a nice anecdote.

I'm looking for the actual regulations that we are supposed to kill.

That's an example of the utterly ludicrous stuff that goes on with financial regulation such as Dodd-Frank.

Much of the compliance required under Dodd-Frank and other regulations can go, and the risk in the financial system wouldn't rise one iota.

Compliance people account for more than 10% of our workforce, up from maybe 1%-2% from when I first started. And they contribute virtually nothing. They are just check-the-box types, creating the illusion that they are somehow protecting things when most of them barely have a clue.
98% of them could disappear and the economy would get better. It's just been an explosion in useless paperwork.

The CEOs of the firms we own across a variety of industries say the same thing.

That is wonderful.

What I'm trying to do here is prompt people who run around saying that regulations are killing the economy to simply identify the specific regulations and support the claim.

I mean, nutbags have pulled the lever for people like Marsh Blackburn and Paul Ryan based on the idea that they want to deregulate. What they have never done is tell us which regulations they are talking about.

I'm certain that there are regulations that can be eliminated or reformed. But....I would want to know the details and hear the evidence that they are detrimental to the COMMON GOOD before they are killed.

We talk to a lot of companies, and they all tell us the same thing - the paperwork has exploded. It doesn't seem to matter what industry they are in - they are devoting more time than ever before to unproductive activities.

Can I get some examples of the regulations? When they were instituted. Thanks.

It depends on the industry. Most of them complain about Obamacare. Some of them complain about environmental. Many complain about the DoL.

We don't have long conversations about which subsections of the legal code annoy them the most. They mostly tell us that they are spending more time than ever before on paperwork complying with new regulations. We didn't hear that a decade ago.

I am convinced that this is a talking point.

Paperwork? That's a joke, right?

 

[kiwiman127]

Deregulating the economy is one hell of a difference from taking the regulations off of polluting the environment. And that is what the orange clown has promised to do. Go back to the '50's in terms of deregulating what kinds of poisons the corporations can dump on us.

The EPA will cease to exist...that a given.....

Being as currently there is a shortage of Respiratory Therapist, well need to offer free college for healthcare professionals to deal with the increases in respiratory diseases, also cancer and special education for the infants born in high mercury areas that effects learning abilities..
Trump also might need more monies for his infrastructure, as our drinker water will need to be more heavily treated. We may be as a country, be better off upgrading our entire drinking water system.
Trump has stated he is the creator of jobs, these areas are a good place to start.

 

[owebo]

Deregulating the economy is one hell of a difference from taking the regulations off of polluting the environment. And that is what the orange clown has promised to do. Go back to the '50's in terms of deregulating what kinds of poisons the corporations can dump on us.

The EPA will cease to exist...that a given.....

Being as currently there is a shortage of Respiratory Therapist, well need to offer free college for healthcare professionals to deal with the increases in respiratory diseases, also cancer and special education for the infants born in high mercury areas that effects learning abilities..
Trump also might need more monies for his infrastructure, as our drinker water will need to be more heavily treated. We may be as a country, be better off upgrading our entire drinking water system.
Trump has stated he is the creator of jobs, these areas are a good place to start.

Trump will deliver industry jobs....nothing else,really matters....

And our drinking water systems are fine, we just need to remove democrats from them....

 

[Indeependent]

The crony corporatist are here to stay, we have even added a few.

Crony corporatism is the result of two things... Capitalism + Government power. As long as those two things exist, you have the potential for crony corporatism. My idea is to reduce or limit government power, then there is nothing for the crony corporatist to influence. You don't spend much time (or money) in a store with nothing on the shelves.

Socialists and statists want to go in the opposite direction... no capitalism and more government power. The problem is, free market capitalism has been the recipe for our economic prosperity.

Yeah, right.
Unfettered capitalism works...for India and China.

Unfettered capitalism does not exist in India nor China.

The US has a Global Employee Pool.
Not for long.

 

[kiwiman127]

Deregulating the economy is one hell of a difference from taking the regulations off of polluting the environment. And that is what the orange clown has promised to do. Go back to the '50's in terms of deregulating what kinds of poisons the corporations can dump on us.

The EPA will cease to exist...that a given.....

Being as currently there is a shortage of Respiratory Therapist, well need to offer free college for healthcare professionals to deal with the increases in respiratory diseases, also cancer and special education for the infants born in high mercury areas that effects learning abilities..
Trump also might need more monies for his infrastructure, as our drinker water will need to be more heavily treated. We may be as a country, be better off upgrading our entire drinking water system.
Trump has stated he is the creator of jobs, these areas are a good place to start.

Trump will deliver industry jobs....nothing else,really matters....

And our drinking water systems are fine, we just need to remove democrats from them....

Our drinking water system is fine?
Wow!
Educate yourself!

America's water worries are bigger than Flint
http://thehill.com/policy/energy-environment/277269-a-nation-over-troubled-water

http://www.usnews.com/opinion/articles/2016-06-29/the-united-states-faces-a-national-water-crisis

 

[Toro]

Should auctioneers and landscapers have to get a state license before plying their trades? In some states they do—and the realization that this is a problem seems to be dawning from coast to coast. Earlier this year the acting chairwoman of the Federal Trade Commission, Maureen Ohlhausen, announced a task force aimed at reducing occupational licensing. “I challenge anyone,” she said, “to explain why the state has a legitimate interest in protecting the public from rogue interior designers carpet-bombing living rooms with ugly throw pillows.” ...

Mississippi has smartly targeted the core problem: Anticompetitive regulations harm the economy, slow job growth, and raise consumer prices. There was a time when these restrictions were largely limited to doctors, lawyers and other high-income occupations. In the 1950s only about 1 in 20 American workers needed a license, but now roughly 1 in 4 do.

This puts a real burden on the economy. A 2012 study by the Institute for Justice examined 102 low-income and middle-income occupations. The average license cost $209 and required nine months of training and one state exam. On the list of states with the most licenses, Mississippi was fifth. Barbers needed one, and so did landscape workers and auctioneers.

Even the Obama administration saw the problem. A 2015 report from the White House said that licensing can “reduce employment opportunities and lower wages for excluded workers.” In 2011 three academic economists estimated that these barriers have result in 2.85 million fewer jobs nationwide, while costing consumers $203 billion a year thanks to decreased competition.

When new licenses are created, proponents argue they will protect the public. But the 2015 White House report concluded that “most research does not find that licensing improves quality or public health and safety.” How would a bad auctioneer pose a safety risk? Or think about it this way: The Institute for Justice study says that Mississippi “is one of only 10 states to license landscape contractors.” Does that mean residents of the other 40 states need to be on the lookout for perilously misplaced bushes or hazardously scattered mulch?

The real intent behind many occupational licensing laws is to protect the business of the people who sit on the regulatory boards. Often they are accountable neither to elected officials nor voters, so they have no incentive to serve the public interest. ...​

Does the Public Need Protection From Rogue Auctioneers?