Thursday, March 04, 2010

John Geddes' Laser Pointer

Over at MacLeans, John Geddes zeros in on one of the only parts of the craptastic throne speech that actually made me sit up and take notice:
3. There’s a promise to support businesses by removing “unnecessary and job-killing regulation and barriers to growth.” The small-business lobby puts cutting red tape right behind reducing taxes as a priority. On the other hand, after the financial meltdown of 2008 was blamed largely on lax regulation, the word no longer carries negative connotations in talk about the economy. So exactly which federal regulations are pointless rather than prudent?
Gutting financial regulation goes down well with those who died before 2008, but to those of us who are still alive, the proof of the the value of regulating the banks is quite clear. I also wondered whether meat inspectors are now considered "red tape", too?
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