Since its founding, America has been a beacon for entrepreneurship. In no other place on the planet do people have the freedom to take a great idea and grow it into a business the way they do in the United States. Slowly but surely that has been changing as the role of Big Government has grown in our lives.
Roadblocks to innovation have been thrown up through unnecessary red tape and regulation by the government. Back in January, President Obama appeared to realize this when he authored an Op-Ed for the Wall Street Journal saying, “…rules have gotten out of balance, placing unreasonable burdens on business – burdens that have stifled innovation and have had a chilling effect on growth and jobs.” However, as with many other instances in his failed presidency, President Obama’s actions have not matched his words.
Last week the Obama Administration announced a tepid plan to cut some regulations at a savings of $10 billion over five years. In response, Speaker of the House John Boehner sent a letter to President Obama – who was wrapping up his Martha’s Vineyard vacation – which pointed out how weak the cuts are. The letter stated, “This year the Administration’s current regulatory agenda identifies 219 planned new regulations that have estimated annual costs in excess of $100 million each. That’s almost a 15 percent increase over last year, and appears to contradict public suggestions by the Administration this week that the regulatory burden on American job creators is scaled back.”
Don’t Miss Out
Subscribe to our free email newsletter and get all the latest sent directly to your inbox.
Read more at Cagle Post here.