Too much regulation?

[bradly1101]

As in every speech he makes, last night Mr. Trump railed against regulation and repeated the call to eliminate two for every new regulation. He noted a woman who had already benefited from the unnamed Fast-track drug program that is already working for cancer, AIDS, etc. I guess he wants to go farther, and just always do a minimum of testing?


What is a "bad" regulation? They're in place to address issues like safety, health, and the overall condition like not fouling the skies and (too late) rivers. I assume the President is speaking of more mundane, “onerous” regulations. But what are they?


I know a water pipe needs to be a certain thickness, or the warning about suffocation on plastic bags, but what is going too far?


Surely there are affected business owners in this forum, or people here who could enlighten me about “over-regulation.” Until then I will continue to believe that Mr. Trump says this because it sounds good but really doesn’t understand.

 

[Thebobo]

He's probably had dealings with the Clean water act. One of the parts of the act is sections protecting small stream, bogs, wetlands and such. They are vital part of rivers health. He might of had to deal with a "swamp" prolonging or preventing him from building his mega whatever wherever.

Back in the 70s before the CWA a lot of rivers were in bad shape, dirty, foul, trash, unfishable and some you should not even enter. The Potomac river, the nation's river was one of them, you weren't supposed to eat fish out of the river down near DC. Now its pretty good fishing and clean. It's a lot of work keeping rivers clean you have to deal with many states within the watershed and with farm and sewage runoff to degradation of riverside habitat.

Remember this? .

 

[agent00f]

As in every speech he makes, last night Mr. Trump railed against regulation and repeated the call to eliminate two for every new regulation. He noted a woman who had already benefited from the unnamed Fast-track drug program that is already working for cancer, AIDS, etc. I guess he wants to go farther, and just always do a minimum of testing?


What is a "bad" regulation? They're in place to address issues like safety, health, and the overall condition like not fouling the skies and (too late) rivers. I assume the President is speaking of more mundane, “onerous” regulations. But what are they?


I know a water pipe needs to be a certain thickness, or the warning about suffocation on plastic bags, but what is going too far?


Surely there are affected business owners in this forum, or people here who could enlighten me about “over-regulation.” Until then I will continue to believe that Mr. Trump says this because it sounds good but really doesn’t understand.

It's pretty simple to understand, the "bad" regulations are pretty much by definition ones which reduce profits.

 

[imported_tajmahal]

https://www.usnews.com/opinion/blog...1/timber-standards-the-epa-and-overregulation
http://www.investors.com/politics/viewpoint/how-overregulation-is-killing-the-economy/

http://www.economist.com/node/21547789
"
AMERICANS love to laugh at ridiculous regulations. A Florida law requires vending-machine labels to urge the public to file a report if the label is not there. The Federal Railroad Administration insists that all trains must be painted with an “F” at the front, so you can tell which end is which. Bureaucratic busybodies in Bethesda, Maryland, have shut down children's lemonade stands because the enterprising young moppets did not have trading licences. The list goes hilariously on.

But red tape in America is no laughing matter. The problem is not the rules that are self-evidently absurd. It is the ones that sound reasonable on their own but impose a huge burden collectively. "

It's not just the EPA, it's in all facets of our lives.

 

[bradly1101]

It's pretty simple to understand, the "bad" regulations are pretty much by definition ones which reduce profits.

Demonstrating the importance of regulation to help prevent destruction caused by man's innately greedy nature.

 

[agent00f]

Demonstrating the importance of regulation to help prevent destruction caused by man's innately greedy nature.

You might've noticed that conservatives are already aware enlightenment virtues were not meant for them.

 

[Drako]

You think all regulations are good?

 

[agent00f]

You think all regulations are good?

Good regulations are good. Regrettably discerning such details is beyond american conservatism.

 

[sdifox]

Any regulation that gets in the way of Trump's pillage is bad regulation.

 

[Drako]

Good regulations are good.

Wow, thanks for the insight.

And bad regulations are bad.

 

[UglyCasanova]

I work in the financial industry and there is plenty of regulation out there that is supposed to "protect" consumers but many of them are pointless and do nothing for the consumer but cost businesses billions to implement. There is some good stuff in Dodd-Frank but there's worthless stuff too that is simply red tape that helps no one but the consumer ultimately pays for.

 

[agent00f]

Wow, thanks for the insight.

And bad regulations are bad.

Yes, it is insightful for minds capable of any.

 

[boomerang]

I work in the financial industry and there is plenty of regulation out there that is supposed to "protect" consumers but many of them are pointless and do nothing for the consumer but cost businesses billions to implement. There is some good stuff in Dodd-Frank but there's worthless stuff too that is simply red tape that helps no one but the consumer ultimately pays for.

Not to mention the costs involved to create the regulations as well as to enforce them. The complexities involved are pretty much incomprehensible. Taxpayers shoulder the burden of all that too.

The best advice anyone could take IMO would be to ignore the bleating of the fearmongers that get their rocks off keeping people that are prone to such in a state of anxiety. Don't allow yourself to be manipulated by these people and organizations. A pendulum swings in one direction and then it swings in the other direction. Each swing is dependent upon the other. Nothing the nation is experiencing now in the political, economic and social realms is new. It all gets recycled in a continuous loop. If you don't like what's happening now just hang in there and eventually you will like what's happening. Nobody is happy all of the time, nobody feels secure and safe all of the time, nobody wins all of the time.

That's how life works.

 

[Sheik Yerbouti]

Regulation bad?
Hmmm why don't we ask Manhattan circa 1973

You're right, it's not worth the expense.

 

[UglyCasanova]

Not to mention the costs involved to create the regulations as well as to enforce them. The complexities involved are pretty much incomprehensible. Taxpayers shoulder the burden of all that too.

The best advice anyone could take IMO would be to ignore the bleating of the fearmongers that get their rocks off keeping people that are prone to such in a state of anxiety. Don't allow yourself to be manipulated by these people and organizations. A pendulum swings in one direction and then it swings in the other direction. Each swing is dependent upon the other. Nothing the nation is experiencing now in the political, economic and social realms is new. It all gets recycled in a continuous loop. If you don't like what's happening now just hang in there and eventually you will like what's happening. Nobody is happy all of the time, nobody feels secure and safe all of the time, nobody wins all of the time.

That's how life works.

I've been to conferences about mortgage compliance and heard the bigwigs at the CFPB go on about how sophisticated and well researched their new regs are, how wonderful it will be, and how smooth the implementation will be. No.

It cost the industry billions to implement and many smaller lenders shut down because the cost to them was simply to great. The risk of not getting a meaningless form absolutely perfect even though the borrower simply signs it without reading nor understanding the damned thing is too great, they could have an unsaleable loan and the risk of litigation from lawyers that hunt for this stuff and it's simply too much for them.

The big banks love it, they write the regulation anyways. Wells Fargo is the regulator for all intents and purposes. They have the cash and the clout and the army of lawyers to afford to comply with whatever the CFPB doles out, smaller banks and mortgage bankers don't, they line up their procedures with what WF says and have to rely on third party companies for all manner of things because it's far to much for them to handle on their own. That costs big money, and it puts people out of business.

 

[MrSquished]

I'm a progressive and believe in strong regulations in certain facets of our economy and government. I'm sure there are some bad regulations out there that do more harm than good - I too would like specific examples.

I can give an example on a local scale. I co-owned a food truck for a bit over 2 years. It was not easy to operate in some of these cities due to very difficult parking situations. Some townships banned food trucks altogether.

I can't remember all the specifics but they were proposing to make us move ever x amount of time, which was not long enough to run a full service. One town wanted us to install some sort of high tech GPS onto our trucks so we could be tracked precisely. Another regulation banned trucks from places like farmers markets and community events where we were loved and made a lot of our money. Every regulation was an attempt to make running a food truck harder to the point you'd go out of business.

All the opposition came from brick and mortar food businesses. I had managers from full service sit down restaurants, that served alcohol, come out and tell us they were putting us out of business.

The vast vast majority of John Q Public wanted the trucks there. Restaurants pay property taxes, we didn't, so they won.

 

[Jerem]

https://www.usnews.com/opinion/blog...1/timber-standards-the-epa-and-overregulation
http://www.investors.com/politics/viewpoint/how-overregulation-is-killing-the-economy/

http://www.economist.com/node/21547789
"
AMERICANS love to laugh at ridiculous regulations. A Florida law requires vending-machine labels to urge the public to file a report if the label is not there. The Federal Railroad Administration insists that all trains must be painted with an “F” at the front, so you can tell which end is which. Bureaucratic busybodies in Bethesda, Maryland, have shut down children's lemonade stands because the enterprising young moppets did not have trading licences. The list goes hilariously on.

But red tape in America is no laughing matter. The problem is not the rules that are self-evidently absurd. It is the ones that sound reasonable on their own but impose a huge burden collectively. "

It's not just the EPA, it's in all facets of our lives.

I have worked the railroads and have never heard of that FRA reg. Also, I cant find anything on Google. Source?

 

[Capt Caveman]

As in every speech he makes, last night Mr. Trump railed against regulation and repeated the call to eliminate two for every new regulation. He noted a woman who had already benefited from the unnamed Fast-track drug program that is already working for cancer, AIDS, etc. I guess he wants to go farther, and just always do a minimum of testing?


What is a "bad" regulation? They're in place to address issues like safety, health, and the overall condition like not fouling the skies and (too late) rivers. I assume the President is speaking of more mundane, “onerous” regulations. But what are they?


I know a water pipe needs to be a certain thickness, or the warning about suffocation on plastic bags, but what is going too far?


Surely there are affected business owners in this forum, or people here who could enlighten me about “over-regulation.” Until then I will continue to believe that Mr. Trump says this because it sounds good but really doesn’t understand.

Link to this? I know of no deregulation in the FDA approval of drugs.

 

[imported_tajmahal]

I have worked the railroads and have never heard of that FRA reg. Also, I cant find anything on Google. Source?

The quote was directly from the last link provided.

 

[Victorian Gray]

found it

It's a tiny part of this (specific rule highlighted in yellow)

https://www.gpo.gov/fdsys/search/pa...99-title49-vol4&collapse=true&fromBrowse=true

 

[Jerem]

So it is. I learned something. Thanks for finding that.

 

[MrSquished]

https://www.usnews.com/opinion/blog...1/timber-standards-the-epa-and-overregulation
http://www.investors.com/politics/viewpoint/how-overregulation-is-killing-the-economy/

http://www.economist.com/node/21547789
"
AMERICANS love to laugh at ridiculous regulations. A Florida law requires vending-machine labels to urge the public to file a report if the label is not there. The Federal Railroad Administration insists that all trains must be painted with an “F” at the front, so you can tell which end is which. Bureaucratic busybodies in Bethesda, Maryland, have shut down children's lemonade stands because the enterprising young moppets did not have trading licences. The list goes hilariously on.

But red tape in America is no laughing matter. The problem is not the rules that are self-evidently absurd. It is the ones that sound reasonable on their own but impose a huge burden collectively. "

It's not just the EPA, it's in all facets of our lives.

OK a label on a vending machine doesn't seem like a big deal. Considering the scale of the business, a minor inconvenience. Could it be repealed. Sure. Painting an F on a train. Again considering the scale, not a big deal. Could be done away with.

As far as punishing kids running lemonade stands. Stupid and should be done away with. That's also not really an industry that is really affecting our economy at all.

You got any examples of regulations really stymieing a major industry?

I myself already posted some that affected a small food truck industry. I want to see some macro shit.

 

[compuwiz1]

Yes, there is too much regulation. Too much Fed, when regs should occur at state level, with few exceptions.

 

[the DRIZZLE]

Here's a few more:

1. Requirement have backup cameras in every new call sold. The government estimates is will save ~100 lives per year at $18m per life.

2. Dealer franchise laws that prevent car manufacturers from selling directly to customers in many states (requires an extra middle man that is notorious for ripping of consumers)

3. Ethanol standards for gasoline - bad policy all around

 

[Jaskalas]

There's good policy and bad. It needs an intelligent review, not an act of butchery such as "make one, drop two".