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A regulatory stimulus package would create a more favorable environment for business and wealth creation by (1) freezing enactment of new non-essential rules, (2) reviewing the regulatory state as a whole and implementing a bipartisan package of cuts, and (3) instituting a permanent “sunsetting” process of ongoing rule reviews and purges.
Congress could start by repudiating the slate of crippling energy regulations already enacted (and those being proposed this election year).
A Deregulatory Stimulus package is a good start. But we also need to hold Congress accountable for the good and bad that agency rules do. Voters elect their members of Congress, not the bureaucrats in the implementing bureaucracies. The latter lack incentives to police themselves, so they rarely acknowledge that the costs of the regulations they implement could outweigh their benefits.
By delegating lawmaking power to agencies, Congress is the prime mover behind regulatory growth. Sound public policy would hand the responsibility back to Congress and require elected representatives to affirm new major rules and their costs before they are made effective
Long-term economic health owes much to minimal regulation, not short-term stimulus. We badly need better control of the fiscal state — but just as badly we need to rein in the regulatory state. The federal budget itself didn’t even hit $1 trillion — the regulatory state’s current perch — until 1987. Look at us now. Stimulus, indeed.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?