Ruby Red Tape- A Case study in the costs of regulation
An article below appearing in the Opinion section of the Wall Street Journal in August 16, 2011 edition is worthy of reading and understanding what Allen West said last night at the Palm Beach County Tea Party meeting. The current administration has so many barriers in place to constrain businesses from investing—the EPA’s environmental impact statement process is tantamount to putting shackles and handcuffs on private sector investment. We as citizens are paying for this—and can you only imagine the impact this has on job creation? You multiply this Ruby Red Tape scenerio by thousands upon thousands of proposed projects in the US and it does not take a rocket scientist to see why we continue to be in recession and it is almost impossible to break out!
See Ruby Red Tape for the article.