Campfire Blog
‘Government regulation is one of the nation’s few growth industries.’
Regulations “czar” Cass Sunstein is claiming that the Obama administration is radically reducing the regulatory burden on the American businesses. As Investor’s Business Daily notes, this is false.
The Small Business Administration estimates that the aggregate annual cost of complying with federal regulations is $1.75 trillion. And venture capitalists are avoiding investments in key industries because of the regulatory hassle. In many cases, they are putting their money in … Europe.
Read about how the administration’s “regulatory reforms” is really a charade (2 pages/1,065 words).
