Thursday, May 15, 2014

Watch out for the guy who cries wolf. He’s probably the wolf.

         Watch out for the guy who cries wolf.  He’s probably the wolf. Democrats pretend to be watching out for the little guy by passing endless regulations to protect him from carnivorous entrepreneurs.  The problem is, the little guy doesn't have the deep pockets and the cost of compliance is prohibitive, so 9 out of 10 little guys don’t make it, but the big corporations can absorb the extra costs.  They have huge contingents of lawyers and deal makers to muddle through the quagmire.  As a matter of fact, big corporations conspire with congress to put the little guys out of business.
         Big banks, for example, donated millions of dollars to Democratic candidates, 3 times as much as they donated to Republican candidates. Talk to your local small town banker.  He’ll tell you that Dodd-Frank pretends to protect them, but it actually protects the big corporate banks who have the deep pockets and staff necessary to complete the volumes of reports the regulations require. The little independent banks struggle and eventually sell out.  Massive government regulations pave the way for huge monopolies. 
               The newest boondoggle of regulations are the new rules for commercial truckers.  Regulators have turned the 6 page DMV report into over 300 pages of rules that will double the cost of the medical tests required and which will disqualify some 20 per cent of the drivers now on the road.  Unless, of course, they are Mexican or Canadian drivers.  Those truckers are not subject to such regulations.

              Christopher Cook is right:   “Republicans have not been blameless in this, but when big business comes looking for government help to squeeze out the little guy, they have always found a far more fertile field to the left side of the aisle.”

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