Hot Air links to this speech against the feds’ moratorium on drilling by Gov. Bobby Jindal and picks out the following key phrase: “let us go back to work!”
Is there a better way to summarize the spaghetti-diagram of legislated rules and regulations that bind, hold-down, dampen, repress and retard the engines of economic growth? Why hire that extra person when you don’t know who will staff the latest alphabet soup regulatory agency and what the regulations will be? Because you know, it’s all so empirical and science-y, man, watch and learn:
1. Legislate new regulatory board.
2. Staff new regulatory board.
3. New regulatory board writes new regulations.
5. 10% GDP growth! Yeah for us!
By the way, America’s biggest cheer-leader had the following to say in his press conference with UK PM Cameron:
And, in fact, in the first G20 visit that I made, in April to England, I was very clear to the rest of the world that what they cannot rely on is an economic model in which the United States borrows — consumers in the United States borrow, we take out home equity loans, we run up credit cards to purchase goods from all around the world. We cannot alone be the economic engine for the rest of the world’s growth. So that rebalancing ended up being a central part of our long-term strategy working with the G20
Mr. President, I know you mean well but you are ONE MASSIVE DOWNER.