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Thread: Regulations at 'Lowest Count Since Records Began Being Kept in the Mid-1970s'

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    Regulations at 'Lowest Count Since Records Began Being Kept in the Mid-1970s'

    Great subtitle: "Economy advances while administrative state recedes; lefty commentators hardest hit."

    Regulations at 'Lowest Count Since Records Began Being Kept in the Mid-1970s'

    "Trump's Deregulatory Binge Makes the Bush Years Look Like Stalinist Russia," runs the headline in The Daily Banter, a website that was "started in 2007 when Editor in Chief Ben Cohen got fed up with watching the corporate news not doing its job properly," and that further claims "not do viral content" or "trick readers with misleading headlines." (Cohen's misleading subhed, by the way, begins: "The Bush years were characterized by a deregulatory binge that saw deep cuts to virtually all aspects of government with little to no reasoning behind them," despite the fact that people who actually study this stuff will inform you that Bush increased the reach, budget, and staffing of the administrative state—including on financial regulation—at a far greater clip than his Democratic predecessor, while overseeing an eight-year government spending bender.)

    An infinitely better reported, yet ultimately even more unintentionally amusing effort came in Monday's New York Times, which contained plenty of now-hold-on-there sentences like "The evidence is weak that regulation actually reduces economic activity or that deregulation stimulates it," and "There is little historical evidence tying regulation levels to growth," and "Regulatory proponents say, in fact, that those rules can have positive economic effects in the long run, saving companies from violations that could cost them both financially and reputationally."

    Why is that funny? Because much of the rest of the article is composed of quotes and data from actual business humans about why they're investing so much more money during the Trump presidency. Stuff like, "That [regulatory] burden has slowed down economic growth, it's slowed down investment in infrastructure [in the past]. And what we've seen over the last year is a big deregulatory environment." The preponderance of feel-good evidence is such that the Times headlined the piece "The Trump Effect," and began it with these two almost startlingly upbeat paragraphs:
    A wave of optimism has swept over American business leaders, and it is beginning to translate into the sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation — and may finally raise wages significantly.

    While business leaders are eager for the tax cuts that take effect this year, the newfound confidence was initially inspired by the Trump administration's regulatory pullback, not so much because deregulation is saving companies money but because the administration has instilled a faith in business executives that new regulations are not coming.

    ...

    I don't much like Trump, his nationalism, his protectionism, etc etc, but this deregulation is damned good!
    Edmund Burke: "In vain you tell me that Artificial Government is good, but that I fall out only with the Abuse. The Thing! the Thing itself is the Abuse!"

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    And with less regulation to administer it stands to reason that Federal Government Cut 16,000 Jobs in 2017

    The federal government employed 16,000 fewer people in December 2017 than it did in December 2016, according to data released today by the Bureau of Labor Statistics.

    State governments employed 19,000 fewer people in December 2017 than they did in December 2016.

    However, overall government employment in the United States increased by a net 42,000 during 2017 because of the 77,000 jobs added by local governments from December 2016 to December 2017.

    The federal government in December 2016 employed 2,819,000 people, according to BLS. By December 2017, that had dropped to 2,803,000—a decrease of 16,000.

    ...
    Edmund Burke: "In vain you tell me that Artificial Government is good, but that I fall out only with the Abuse. The Thing! the Thing itself is the Abuse!"

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    16000 out of almost 3 million? That is .05% of the total work force. There are more government employees on break at any given time than that. Tell me something has been accomplished when we hit half a million or more.
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    Quote Originally Posted by nathanbforrest45 View Post
    16000 out of almost 3 million? That is .05% of the total work force. There are more government employees on break at any given time than that. Tell me something has been accomplished when we hit half a million or more.
    Agree, it's small, but a step in the right direction. One small step for man....
    Edmund Burke: "In vain you tell me that Artificial Government is good, but that I fall out only with the Abuse. The Thing! the Thing itself is the Abuse!"

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    Ironically Al Gore wanted to do this too and he lost

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    In before, Trump does not care about the environment, Trump is letting his cronies poison the earth.
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    Quote Originally Posted by Kacper View Post
    Ironically Al Gore wanted to do this too and he lost
    Do what? Cut regulations, govt workers?
    Edmund Burke: "In vain you tell me that Artificial Government is good, but that I fall out only with the Abuse. The Thing! the Thing itself is the Abuse!"

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    Cutting regulations is one big success over the last year.
    Alea iacta est

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    Quote Originally Posted by resister View Post
    In before, Trump does not care about the environment, Trump is letting his cronies poison the earth.
    Do you have a specific regulation that you believe will poison the earth? Just what has he done that is going to cause great damage?

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    Quote Originally Posted by nathanbforrest45 View Post
    16000 out of almost 3 million? That is .05% of the total work force. There are more government employees on break at any given time than that. Tell me something has been accomplished when we hit half a million or more.
    Fair enough but remember the population continues to grow. If they could just freeze government in terms of employees/spending, in 10 years, it would be demonstrably smaller in relative terms.

    A nominal decrease is wonderful actually.

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