Friday, February 4, 2011

Regulators

Recently I've started a subscription to National Review, which I enjoy a lot. At the beginning of every issue, they have a series of paragraphs called "The Week" in which they briefly summarize and review hot news bits. This particular one I thought good enough to repeat in full here with all credit given to the editors:

"Pres. Barack Obama, whose signature achievement in office has been dropping a 1,000 page package of regulations onto the American health-care market, has now decided that there are too many federal regulations, and, with an eye on job growth, has ordered regulators to study the problem. There is a kind of genius at work in that: The regulators already are regulated under regulations derived from the Regulatory Flexibility Act, which requires that regulators, before regulating, study a proposed regulation's impact on small business. To that regulator-regulating regulation, President Obama has added an additional regulation, stipulating that regulators "reduce regulatory burdens on small business." What obviously is needed here are additional regulators to regulate the enforcement of the regulator regulating regulations, which is to say, regulator-regulating-regulation-regulator-regulators. Who says Obama doesn't know how to create jobs?"

The essence of progressive/liberal public policy is: "...but it will work this time."

1 comment:

Unknown said...

Wow, now that word has lost all meaning to me... kind of like the jobs. :-)