Aug. 31, 2011
Fortunately, last weeks earthquake near Richmond was incapable of producing a damaging tidal wave. Unfortunately, the same cannot be said of Washingtons massive bureaucracies and, most specifically, the Environmental Protection Agency.
According to House Speaker John Boehner, the Obama Administration has a regulatory agenda that includes at least 219 new rules that could each impose a regulatory burden of 100 million dollars or more. Such rules are called major rules. (See David Boyers article in the 8/31/11 Washington Times.) Also, EPA is going ahead with seven rulemakings that the agency estimates will together cost over $125 billion (with a b) annually yes that is annually. (See Conn Carrolls story in the 8/30/11 Washington Examiner.)
According to an editorial in todays Wall Street Journal (behind its pay firewall), Speaker Boehner asked the administration for a list of rules it had in the works with potential costs exceeding one billion dollars per year. The administration responded providing a list of seven rulemakings four from EPA and three from the Department of Transportation.
Speaker Boehners overarching point was that the economy cannot withstand the barrage of major new federal regulations planned by the administration. Of course, the Obamacare and financial industry regulations are also on the drawing board somewhere.
Mark Levin had an excellent commentary on our state affairs at the beginning of his 8/30 broadcast. He believes that we no longer have a representative republic. This condition exists in large measure, Levin argues, due to unchecked regulation. He also thinks that we now have an Imperial Presidency.
That said, Levin later gave a boldface example.
Listen to the absolutely chilling interview Levin conducts with the CEO of Gibson Guitar who was raided on 8/24/11 by federal agents. (Start at minute 92:00.) Here is John Haywards Human Events background article. The federal government claims that Gibson is illegally importing wood to make its guitars from India and Madagascar. Gibson claims that officials from those countries have certified the legality of these exports from their nations. Additionally, Gibsons competitors apparently use the same woods from the same sources and have not been raided. Only time will tell how this will turn out, but this iconic company may not be able to survive the legal costs of fighting a criminal investigation while its productive activities are interrupted.